London Metal Exchange Failed to Probe Tsingshan Before Nickel Chaos, Court Hears June 22, 2023 By Eric Onstad The London Metal Exchange failed to investigate a large nickel position held by China’s Tsingshan that sparked a chaotic surge...
UK PM Unveils War-Risk Insurance Scheme to Spur Ukraine Reconstruction June 22, 2023 By Jorge Valero, Alberto Nardelli and Olesia Safronova UK Prime Minister Rishi Sunak announced the creation of a framework for war-risk insurance backed by the Group of Seven...
Russia Is Likely to Quit Black Sea Grain Deal in July: Ukraine Envoy June 22, 2023 By Pavel Polityuk Russia is 99.9% certain to quit a U.N.-brokered deal on the safe wartime passage of Black Sea grain next month...
Insurer Capital Rule Changes in UK to Start by End of 2023, Finance Ministry Says June 22, 2023 By Huw Jones Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to “Solvency II” capital rules for insurers,...
London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told June 21, 2023 By Sam Tobin, Eric Onstad and Pratima Desai The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save”...
Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity June 21, 2023 By Sreeja Biswas Rapidly melting glaciers in Asia’s Hindu Kush Himalayan region — home to the world’s highest mountains — are threatening the...
Howden Acquires 2 Swiss Brokers June 21, 2023 Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery June 21, 2023 Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery...
Serious Change Underway at SiriusPoint June 21, 2023 By L.S. Howard SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting...
The Pros and Cons of Going Private June 21, 2023 By L.S. Howard In the days before hedge fund manager Daniel Loeb decided to drop the buyout of SiriusPoint, Carrier Management asked analysts...