UK’s FCA Hires More Than 150 Staff for Data Unit to Ramp Up Tech Capabilities April 11, 2023 The UK’s Financial Conduct Authority hired more than 150 people into its Data, Technology and Innovation division in the past...
Building Explodes and Collapses in Marseille, France April 10, 2023 By Elaine Ganley and Bishr El Touni More than 100 firefighters worked against a ticking clock to extinguish flames deep within debris to save up to 10...
Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management April 10, 2023 Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA...
Brazil Class-Action Lawsuit Seeks $2.5B in Damages From Alleged Orange Juice Cartel April 10, 2023 By Ricardo Brito Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages...
Russia Threatens to Bypass UN-Brokered Grain Deal, Cites Insurance as Barrier April 10, 2023 By Huseyin Hayatsever and Guy Faulconbridge Russia on Friday threatened to bypass the UN-brokered grain deal unless obstacles to its agricultural exports were removed, while talks...
Russia’s GAZ Group Files $348M Suit Against Volkswagen April 10, 2023 The Gorky Automobile Plant, part of Russia’s GAZ Group which was contracted to assemble cars for Volkswagen, has filed a...
AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications April 10, 2023 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
Toronto Office Vacancies Hit 28-Year High as Remote Work Persists April 10, 2023 By Ari Altstedter The office vacancy rate in downtown Toronto reached its highest point since 1995 as the persistence of remote work damps...
Howden Receives License to Launch Operations in Bahrain April 6, 2023 Howden, the London-based insurance broker, announced it has received a license from the Central Bank of Bahrain to establish operations...
Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year April 6, 2023 Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a...