Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid February 1, 2023 By Irina Anghel Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
Investor Group Bans Carbon Removal Schemes From CO2 Reduction Plans January 31, 2023 An investor group committed to climate change and controlling $11 trillion in assets has banned members from counting carbon removal...
Climate Disaster in Amazon Rainforest Could Cascade Across Earth, Study Finds January 31, 2023 By Laura Millan Trees set ablaze in Brazil’s Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems...
New Zealand Braces for More Flooding From Another Rain Deluge January 31, 2023 By Tracy Withers Auckland is bracing for another rain deluge later Tuesday that threatens more surface flooding and land slips on ground already...
India’s Digit Insurance to Refile Papers for $440M IPO After Regulator Raises Concerns January 31, 2023 By M. Sriram Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after...
Facebook Seeks to Block $3.7B UK Mass Action Over Market Dominance January 31, 2023 By Sam Tobin Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds ($3.7...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally January 30, 2023 A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients....
Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap January 30, 2023 By John Ainger Intercontinental Exchange Inc. will open a parallel natural gas market in London to help traders avoid potential disruptions from new...
French (Yes, French) Executives Are the World’s Worst Workaholics: Survey January 30, 2023 By Matthew Boyle Americans have popularized “hustle culture,” but it’s French executives who binge work the most, according to a new survey. Nearly...