Companies Increasingly Keep Climate Pledges Secret as ‘Green Hushing’ Takes Off October 25, 2022 By Alastair Marsh Companies are increasingly trying to keep their climate pledges away from public scrutiny. The phenomenon, known as green hushing, has...
Bankrupt Mexican Airline Interjet Ordered to Pay $7M in Class Action Lawsuit October 25, 2022 Mexican airline Interjet, which was declared bankrupt by a judge in August, has been ordered to pay out 144 million...
Re/Insurers Grapple With How to Respond to Claims From Nord Stream Pipeline Blasts October 25, 2022 By Jonathan Saul and Carolyn Cohn With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers...
People Moves: MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance; WTW Global Aerospace Heath Names PIIQ’s Heath to Lead Aerospace October 24, 2022 MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance MS Amlin Underwriting Ltd., the Lloyd’s market re/insurer, announced the...
Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines October 24, 2022 United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement...
Insurers Still Unclear How G-7 Sanctions on Russian Crude Oil Cargoes Will Work October 24, 2022 By Alex Longley Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly...
Credit Suisse to Pay $234M to Settle French Tax, Money Laundering Case October 24, 2022 By Tangi Salaun Credit Suisse agreed to pay France 238 million euros ($234 million) to settle a tax fraud and money laundering case...
Everest Insurance Launches Branches in France and Germany October 24, 2022 Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the...
India’s Reliance Industries to Create Financial Services Unit for Its Consumer Businesses October 24, 2022 By P R Sanjai and Dhwani Pandya Reliance Industries Ltd., will create a financial services unit to feed its consumer businesses that are contributing an increasing share...
Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks October 24, 2022 By Alexandre Rajbhandari Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and...