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...
EU Vote on Human Rights ‘Due Diligence’ Looms for Financial Services Firms April 6, 2023 By Huw Jones Financial services companies would be required to take action if their clients were failing to protect human rights and the...
Paris to Ban Electric Scooters in September April 6, 2023 Paris will ban electric scooters from September 1, the French capital’s mayor said, after the public voted to remove them...
Germany’s Allianz Does Not Plan to Renew Policy for Nord Stream 1 Project April 6, 2023 German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1...
Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns April 6, 2023 By Mohi Narayan and Jonathan Saul Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and...
Zurich Exits Insurance Climate Alliance, Days After Munich Re April 6, 2023 By Alastair Marsh Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second...