Societe Generale to Exit Russia With Sale of Stake in Rosbank and Insurance Units April 11, 2022 Societe Generale said on Monday it had agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries...
Senior EU Officials Targeted With Israeli Spyware: Sources April 11, 2022 By Raphael Satter and Christopher Bing Senior officials at the European Commission were targeted last year with spy software designed by an Israeli surveillance firm, according...
Cost of Insurance for Merchant Ships Sailing to Black Sea Ports Spirals Out of Control April 11, 2022 By Ann Koh and Alaric Nightingale The cost of insuring merchant ships sailing to ports in the Black Sea has spiraled out of control, becoming a...
Generali Shareholders Urged to Back Reappointment of CEO Donnet April 11, 2022 Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO...
Malloy Departs SiriusPoint, a Year After Company’s Launch April 8, 2022 By L.S. Howard Dan Malloy has left SiriusPoint Ltd., a year after the company was formed from the merger of specialty reinsurer Third...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 8, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
New Lloyd’s Insurer Inigo Issues Inaugural Catastrophe Bond April 8, 2022 Inigo Ltd., the new Lloyd’s insurer, has entered the catastrophe bond market for the first time, less than 18 months...
Greensill Capital Still Has $9.3B to Pay on Its Notes After Its Collapse a Year Ago April 8, 2022 By Lucca de Paoli Greensill Capital collapsed more than a year ago, but $9.3 billion of assets sold to investors as notes are yet...
Qatar Airways Says It Wasn’t Obliged to Accept Deliveries of Flawed Jets From Airbus April 8, 2022 By Charlotte Ryan Qatar Airways said it wasn’t obliged to accept deliveries of Airbus SE A350 jetliners until an issue with surface paint...
Trudeau Hits Canadian Insurers and Banks With Billions in Extra Taxes April 8, 2022 By Derek Decloet and Kevin Orland Finance Minister Chrystia Freeland is imposing a one-time windfall levy on Canada’s major banks and permanently increasing their income tax...