Barclays Wins UK Supreme Court Appeal Over Push Payment Fraud July 13, 2023 By Sam Tobin and Kirstin Ridley Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers...
Japan’s Top Court Rules Government Restrictions on Transgender Employee’s Use of Restrooms Illegal July 13, 2023 By Mari Yamaguchi Japan’s Supreme Court ruled Tuesday that restrictions imposed by a government ministry on a transgender female employee’s use of restrooms...
Russia’s Flagship Crude Oil Surpasses G-7 Price Cap in Blow to Western Sanctions July 13, 2023 By Alaric Nightingale and Lucia Kassai Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions...
Repricing Is Not Reunderwriting July 13, 2023 By Tony Buckle, John Carolin and Mehmet Ogut A rising tide carries all boats. That rings true currently in commercial insurance. Carriers have broadly brushed aside concerns about...
EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs July 13, 2023 By Suzi Ring, Nacha Cattan and Madison Muller The European Union’s drug regulator expanded its investigation into a possible risk of suicidal thoughts associated with a new class...
Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case July 13, 2023 By Bob Van Voris A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the...
Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy July 12, 2023 Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to...
People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance July 12, 2023 This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows...
UK Polluters to Face Unlimited Fines to Protect Environment July 12, 2023 Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and...
Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks July 12, 2023 Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold...