Cyclone Gabrielle Leaves Trail of Destruction Across New Zealand’s North Island February 14, 2023 By Tracy Withers Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business February 14, 2023 By Saritha Rai Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually...
Howden’s Aston Lark to Acquire UK Broker Allegiance Insure February 13, 2023 Aston Lark, a Howden company, announced it has agreed terms to acquire the independent broker Allegiance Insure Ltd. Financial details...
Court Orders Nestlé to Pay $2.2 Million to Bullied Former Executive February 13, 2023 By Andy Hoffman Nestlé SA must pay a former executive 2 million Swiss francs ($2.16 million) after she was bullied and forced out...
Maersk Sues Evergreen in Danish Court Over 2021’s Suez Canal Blockage February 13, 2023 Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever...
Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks February 13, 2023 Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a...
Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate February 13, 2023 By Victoria Klesty and Gwladys Fouche Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting...
European Medicines Agency Committee Starts Safety Review of Cold Medicines February 13, 2023 A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and...
India’s Kotak Mahindra Bank Weighs Sale of Stake in General Insurance Unit: Sources February 13, 2023 By Baiju Kalesh, Preeti Singh and Manuel Baigorri Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit,...