Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices March 30, 2023 Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO...
Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses March 30, 2023 By Manolo Serapio Jr. and Ditas Lopez The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural...
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London March 30, 2023 Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal March 30, 2023 By Kirstin Ridley A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking...
Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest March 29, 2023 By Esteban Duarte and Marcelo Rochabrun Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters...
Ermotti to Step Down as Swiss Re Chair to Take UBS Role; Interim Chair Named March 29, 2023 Sergio P. Ermotti is stepping down as the chairman of Swiss Re, following his appointment as the new CEO of...
Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures March 29, 2023 Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures...
UK’s Poor Climate Planning Risks ‘Cascading Failures’: Report March 29, 2023 By Olivia Rudgard Britain is “strikingly unprepared” for a changing climate and could face disruptions to energy, food supply, transport and communications infrastructure...
Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe March 28, 2023 AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe,...
Insurer RSA Exits UK Personal Lines Motor Market to Focus on Core Businesses March 28, 2023 UK insurer RSA announced it is exiting the UK personal lines motor market to focus on its core lines. The...