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...
As Ukraine Grain Deadline Approaches, Pact Is Already Nearly Broken July 7, 2023 By Megan Durisin and Áine Quinn Global leaders are racing to salvage an international deal to allow Ukraine’s grain shipments by sea before it expires in...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Specialty MGA UK Approved as Lloyd’s Coverholder July 6, 2023 Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has...
Spanish Authorities Seek Damages From Swedish Mining Firm for Toxic Spill in 1998 July 6, 2023 By Ciaran Giles Spanish authorities are seeking 90 million euros ($98 million) in damages from a Swedish mining company for a major toxic...