Britain and EU Sign Post-Brexit Cooperation Pact in Financial Services June 29, 2023 By Huw Jones Britain and the European Union signed a long-delayed post-Brexit cooperation pact in financial services on Tuesday, but the rapprochement is...
HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round June 29, 2023 By Ka Ho Cheuk OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia...
European Energy Developers Play Down Siemens Gamesa’s Wind Turbine Troubles June 29, 2023 Major wind power developers including Iberdrola, RWE, EDP Renovaveis and Orsted played down the impact of potential problems with Siemens...
Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024 June 29, 2023 By Susanne Sclafane Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed,...
Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters June 29, 2023 By Alessandro Parodi, Alberto Chiumento and Andrea Mandala Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the...
Bank of England Proposes Further Reforms to Insurers’ Capital Rules to Cut Red Tape June 29, 2023 The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it said would...
‘Climate Washing’ Lawsuits Jump as More Activists Challenge Corporate Claims: Report June 29, 2023 By Tommy Wilkes “Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate...
Businesses Criticize New EU Data Rules, Saying They Could Hinder Data Flow June 28, 2023 By Foo Yun Chee Businesses and Big Tech on Wednesday criticized European Union data rules agreed between EU countries and lawmakers, saying they could...
FERMA Appoints Hedemark as President, Succeeding Wegener June 28, 2023 The Federation of European Risk Management Associations (FERMA) has appointed Charlotte Hedemark as the next president of FERMA. Her election...
Russia’s Arctic Shipping Dream Stumbles on Small Aging Fleet June 28, 2023 By Bloomberg News Russia will struggle to meet its strategic goal of more than quadrupling Arctic sea shipments by the end of the...