Credit Suisse Bondholders Who Lost $1.7B in UBS Deal File Lawsuits May 2, 2023 By Hugo Miller and Sabah Meddings Hundreds more Credit Suisse Group AG bondholders sued Switzerland’s banking regulator after their securities valued at about $1.7 billion were...
Oil Tanker Seized by Iran Had Indian Crew, Turkey-Based Operator Says May 1, 2023 By Verity Ratcliffe An oil tanker seized by Iran on Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according...
G-7 Nations Should Adopt ‘Risk-Based’ Regulation on Artificial Intelligence: Ministers May 1, 2023 By Kantaro Komiya Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European...
Toyota-Subsidiary Daihatsu Rigged Safety Tests for 88,000 Cars May 1, 2023 Toyota Motor Corp. affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small...
Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation May 1, 2023 By Frances Schwartzkopff Executives will face bonus cuts if the companies they run fail to hit climate transition targets, under a new European...
Specialty Re/Insurer Canopius Has Management Shake-up With 3 Execs Exiting April 28, 2023 Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company. “Over the...
People Moves: Howden Appoints Marsh’s Howell for Multinational Client Practice; BMS Re Hires Soria as Head of New Business Solutions, Co-head of Casualty April 28, 2023 This edition of International People Moves details appointments at Howden and BMS Re. A summary of these new hires follows...
Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS April 28, 2023 Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to...
Markets/Coverages: Swiss Re, Insurtech Benekiva Partner to Offer L&H Claims Solution April 28, 2023 Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The...
Mental Ill Health Drives Britain’s Crisis of Worker Sickness: Research April 28, 2023 Mental ill-health is now the main cause of sickness absence from work in the UK, costing employers billions of pounds...