Aviation Lessors Fight to Stop Insurance Dispute Hearings in Russia July 10, 2023 More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion...
London Is Falling Down — Because of Climate Change July 10, 2023 By Priscila Azevedo Rocha Britain’s increasingly extreme weather is shaking the very foundations of its centuries-old history. The nation has been experiencing prolonged periods...
Siemens Energy Investigates Wind Unit With Twin Taskforces July 10, 2023 By Wilfried Eckl-Dorna Siemens Energy AG has established an internal taskforce and supervisory board committee after a string of quality problems with its...
People Moves: Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions; BMS Re Hires 3 for Fac Team; QBE Canada Hires Liberty Mutual’s Mason as U/W Mgr, Property July 7, 2023 This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada. A summary of these...
Canada’s Record Wildfire Season Set to Worsen as Heat Builds July 7, 2023 By Danielle Bochove Canada is bracing for higher-than-normal wildfire activity to continue into August, as soaring temperatures and drought turn much of the...
World Sees Hottest June on Record as North Atlantic Temperatures Rise July 7, 2023 By Laura Millan Last month was the warmest June of the past three decades globally, with several places in western Europe hitting all-time...
Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance July 7, 2023 By Maria Tadeo and Volodymyr Verbyany Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help...
Siemens Energy’s Turbine Troubles Rattle Wind Sector July 7, 2023 By Christoph Steitz and Nina Chestney Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering...
Generali Buys U.S. Asset Manager Conning Under Deal With Cathay Life July 7, 2023 Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...