Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
Ransomware Attack to Hit Revenue at India’s Top Drugmaker March 27, 2023 By Shwetha Sunil Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk March 27, 2023 By Asad Zulfiqar The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection...
Denmark to Salvage Unidentified Object in Nord Stream Blast Probe March 24, 2023 By Bloomberg News Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last...
People Moves: Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role; Markel Taps QBE’s Keens, SCOR’s Wong for Global Downstream Energy Team March 24, 2023 This edition of International People Moves details appointments at Howden Tiger and Markel International. A summary of these new hires...
China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group March 24, 2023 By Michael Martina and Yew Lun Tian Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff,...
Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re March 24, 2023 Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022 March 24, 2023 By L.S. Howard High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to...
Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman March 24, 2023 By Jonathan Saul Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a...
EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels March 24, 2023 By Nicholas Comfort and Steven Arons The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered...