Insurance Price Tag for Australia’s Record-Breaking Floods Estimated at A$3.35B: ICA May 6, 2022 The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to...
Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia May 6, 2022 By Shaji Mathew The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a...
Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions May 6, 2022 By Alastair Marsh The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF....
Europe’s Top Court Rules Against Compensation for Banco Popular Investors May 6, 2022 By Jesús Aguado Europe’s top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are...
Paris Resident Seeks $22M for Health Damage Caused by Air Pollution May 6, 2022 By Gaspard Sebag A Paris resident seeking 21 million euros ($22 million) for health damage caused by the city’s pollution got a boost...
EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War May 5, 2022 The European Union’s Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll May 5, 2022 By L.S. Howard Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such...
QBE Re Restructures to Create Connected Business, Consistent Client Experience May 5, 2022 QBE Re has announced major changes to its organizational structure as part of the reinsurer’s strategy to further align and...
Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report May 5, 2022 By Simon Jessop and Tommy Wilkes Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing...