Tech Giants Could Face Billions in Fines Under EU’s New Content Rules April 25, 2022 By Jillian Deutsch The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after...
Climate Change Exacerbates Extreme Weather in Europe: Report April 25, 2022 By John Ainger Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer...
Britain to Write Rules Forcing Companies to Publish Plans for Net Zero Transition April 25, 2022 By Huw Jones Britain unveiled a new taskforce on Monday to write rules forcing financial firms and listed companies to publish plans from...
People Moves: Lloyd’s Names Hernandez Mkt. Dev. Mgr., Central America; Chaucer Taps Argenta’s Sheppard for Renewables; H.W. Kaufman Promotes Kaufman Davis April 22, 2022 This edition of International People Moves details appointments at Lloyd’s, Chaucer, and H.W. Kaufman Group. A summary of these new...
Ending Collateral Requirements for Non-U.S. Reinsurers – It’s Been a Long Time Coming April 22, 2022 By L.S. Howard Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Major Generali Investor Norges Backs Reappointment of CEO Donnet April 22, 2022 Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet,...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source April 22, 2022 By Aftab Ahmed New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion),...
Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns April 22, 2022 By Nichola Saminather A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial...
UK Seizes Funds Linked to $150M Fraud From Fintech Firm QPay April 22, 2022 By Jonathan Browning The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to...