The world’s biggest corporations have caused $28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have been. A …
Baloise on Friday said that Patria Genossenschaft had acquired a 9.35% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The shares were acquired from Cevian Capital, Baloise said, …
Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping ministry is considering applications from Sberbank Insurance, which …
Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2025 commercial rate decline …
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could …
Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands …
The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985, according …
French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday. Buberl, 52, has led the group since 2016 …
UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …
Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their roots to the dawn …
