Fox Corp. CEO Lachlan Murdoch Sues Australian News Site for Defamation August 24, 2022 By Byron Kaye and Jack Queen Fox Corp. CEO Lachlan Murdoch has filed a defamation lawsuit against an Australian news site over an opinion piece he...
China’s Ping An Insurance H1 Profit Rises 3.9% August 23, 2022 Ping An Insurance Group Co. of China, China’s largest insurer by market value, reported a 3.9% rise in first half...
People Moves: Liberty Specialty Markets Promotes Edwards to Lead New Delegated Authority Practice; BHSI Promotes Claims Execs Barker and Kelleher in UK August 23, 2022 This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance (BHSI). A summary...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData August 23, 2022 Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Europe’s Drought May Be Worst in 500 Years: Report August 23, 2022 Europe is currently in the throes of a drought that appears to be the worst in at least 500 years,...
Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources August 23, 2022 Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest...
PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event August 23, 2022 By Gaspard Sebag An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that...
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine August 23, 2022 By Noor Zainab Hussain Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best August 22, 2022 AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after...
Confusion About ESG Prompts EU Watchdog to Urge Rethinking of Rulebook August 22, 2022 By Frances Schwartzkopff Europe’s markets watchdog is calling for a rethink of the region’s ESG investing rulebook after finding that the existing framework...