Iran Building Collapse Kills at Least 14 People May 26, 2022 By Nasser Karimi TEHRAN, Iran (AP) – Rescuers dug through debris Tuesday of a building collapse in southwestern Iran that killed at least...
Risky Ship-to-Ship Transfers Keep Russian Oil Moving to China May 26, 2022 By Serene Cheong A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer...
Volkswagen to Settle UK ‘Dieselgate’ Class Action for $242 Million May 26, 2022 By Katharine Gemmell Volkswagen settled its UK class action lawsuit for £193 million ($242 million) with more than 90,000 drivers impacted by the...
Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes May 25, 2022 By Clara Denina, Kirstin Ridley and Sarah N. Lynch Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation,...
People Moves: AXA XL Names Benet Global CUO, Succeeding Bewlay; Marsh’s Neild Joins Howden’s UK Cyber Retail Practice; MS Amlin Taps Compre’s Margetts for Strategy May 25, 2022 This edition of International People Moves details appointments at AXA XL, Howden and MS Amlin. A summary of these new...
HDI International to Acquire Retail Insurance Business of Sompo Seguros in Brazil May 25, 2022 HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This...
Cryptocurrencies May Pose Risk to Wider Financial Stability: ECB May 25, 2022 By Francesco Canepa and Tom Wilson Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two...
Former Executive of PICC Property & Casualty Expelled From China’s Communist Party May 25, 2022 China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party,...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources May 25, 2022 By M. Sriram India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial...