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...
Impounded Russian Tanker to Be Released by Greece Amid Confusion Over Sanctions April 22, 2022 By Renee Maltezou and Jonathan Saul A Russian tanker impounded by Greece this week and reportedly carrying Iranian oil will be released amid confusion about sanctions...
Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline April 21, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...
People Moves: Miller Taps WTW’s Power, Besso’s Harvey for Professional Risks; Arch Insurance Int’l Appoints Underwriters Barattini and Smith April 21, 2022 This edition of International People Moves details appointments at the insurance broker Miller and insurer Arch Insurance International. A summary...
Zurich’s Liès Named Chair of Insurance Development Forum’s Steering Committee April 21, 2022 The Insurance Development Forum (IDF) announced the appointment of Michel M. Liès as its next Steering Committee chair with effect...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits April 21, 2022 The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price...
U.S. Companies Warn China’s Data Rules Risk Creating ‘Digital Island’ April 21, 2022 By Bloomberg News China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could...
Medical Gear Deliveries to Russia Hit by Sanctions-Related Insurance, Transport Hurdles April 21, 2022 By Francesco Guarascio Exports of essential medical devices Russia is dependent upon from the West have been partly restored, reducing the immediate risk...