London Court Orders UK-Registered Firm to Pay More Than $1M to Beirut Blast Victims June 14, 2023 By Maya Gebeily A London court has ordered a British-registered company to pay more than 800,000 pounds ($1 million) in damages to victims...
North Korean Hackers Stole $100 Million in Recent Cryptocurrency Heist: Analysts June 14, 2023 By Raphael Satter North Korean hackers stole more than $100 million worth of digital currency in a recent heist affecting users of the...
UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen June 14, 2023 By Samy Magdy The United Nations Development Programme (UNDP) announced the successful binding of insurance coverage for the mission coordinated by the United...
The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode June 14, 2023 An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime...
Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak June 14, 2023 By M. Sriram Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct...
People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance June 13, 2023 This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new...
Lloyd’s and Dubai Partner to Launch Insurtech Accelerator June 13, 2023 Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and...
Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers June 13, 2023 A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how...
Canadian Wildfires Shutter Sawmills, Drive Up Lumber Prices June 13, 2023 By Rod Nickel Canada’s worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production...
Major Oil And Container Ports Shut as Severe Storm Nears India June 13, 2023 By Rajesh Kumar Singh and Kevin Varley Major oil and container ports have shut in India as a severe cyclone tracks toward the nation’s west coast near...