EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’ April 24, 2023 By Huw Jones Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate...
Generali Seeks Buyers for Tua Assicurazioni Unit April 24, 2023 By Sonia Sirletti Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival,...
Markets/Coverages: Marsh Launches Global Facility Backed by QBE for All Major Classes April 21, 2023 Insurance broker Marsh announced the launch of “Fast Track,” an insurance facility that will bring a substantial amount of additional...
Housing Market Downturn Among Top Risks to Canada’s Financial System: Regulator April 21, 2023 A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks...
Update: Major UK Companies Abandon CBI Following Second Rape Claim April 21, 2023 By Katie Linsell, Sabah Meddings, Thomas Seal and Laura Benitez A swathe of major UK companies, ranging from banks to supermarkets, have resigned from the Confederation of British Industry as...
Argo Group Shareholders Approve Merger With Brookfield Reinsurance April 21, 2023 Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire...
Record Heat and Drought Force Europe to Accelerate Climate Adaptation April 21, 2023 By Jonathan Tirone The record heat and drought hurting European farmers, power utilities and insurers foreshadows even faster change to the continent’s climate,...
Tanker Company Shipping Russian Oil Loses Insurance on G-7 Price Cap April 21, 2023 By Alex Longley and Julian Lee An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul...
Credit Suisse Lodges $440M Claim Against SoftBank in Greensill Dispute April 21, 2023 Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp. in London as it presses ahead with...
Capita Warns Customer Data May Have Been Stolen in Cyber Attack April 21, 2023 By Julian Harris and Ryan Gallagher Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent...