Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus September 8, 2022 By Benjamin Robertson and Will Louch Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs...
Web-Connected Devices May Have to Meet New EU Cybersecurity Rules September 8, 2022 By Jillian Deutsch Providers of internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements...
UK Government to Pursue ‘Big Bang 2’ Reforms for City of London: New Chancellor September 8, 2022 By Katherine Griffiths Kwasi Kwarteng, the UK’s new chancellor of the exchequer, said the government will pursue sweeping financial reforms to unleash growth...
AXIS Capital Launches Wholesale Division September 8, 2022 AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale...
SiriusPoint Names Former RSA Executive Egan as CEO September 7, 2022 SiriusPoint Ltd., the Bermuda-based specialty re/insurer, announced that Scott Egan has been appointed as the company’s chief executive officer, effective...
Pakistan Looks ‘Like a Sea’ After Devastating Floods: Prime Minister September 7, 2022 By Syed Raza Hassan and Asif Shahzad SEHWAN, Pakistan – Parts of Pakistan seemed “like a sea,” Prime Minister Shehbaz Sharif said on Wednesday, after visiting some...
China Reopens Roads to Earthquake Epicenter, as Death Toll Rises September 7, 2022 China has reopened roads leading to the epicenter of Monday’s 6.8 magnitude earthquake in the southwestern province of Sichuan and...
EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies September 7, 2022 BRUSSELS/VLADIVOSTOK, Russia – The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin...
Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources September 7, 2022 FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing September 7, 2022 By Sinead Cruise and Iain Withers Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power...