Cyclone Gabrielle Hits New Zealand Leaving Thousands of Homes Without Power February 13, 2023 By Tracy Withers Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South...
New Zealand Braces for Cyclone Gabrielle, Just Days After Devastating Floods February 10, 2023 By Lucy Craymer Residents of Auckland, New Zealand’s largest city, are being asked to prepare for further bad weather as a system described...
Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud February 10, 2023 By Archie Hunter and Jack Farchy Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought...
‘Overworked’ Media Worker Who Died at His Desk Sparks Probe in Thailand February 10, 2023 By Low De Wei Thailand has launched a probe into the death of a media worker who died at his desk from a heart...
EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations February 10, 2023 By Huw Jones A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to...
Industry Trailblazer, Former Chairman of AXIS Capital, Michael A. Butt, Dies February 10, 2023 Albert A. Benchimol, president and CEO, of AXIS Capital has issued a letter of remembrance to colleagues about Michael A....
UK Government Seeks to Speed Up Post-Brexit Insurance Reforms February 10, 2023 By Katherine Griffiths The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121...
Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets February 10, 2023 By L.S. Howard Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting February 9, 2023 Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has...
Mercedez-Benz Faces More Than 300,000 UK Claims Over Diesel Emissions February 9, 2023 By Sam Tobin Mercedes-Benz faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped...