Porsches and Lamborghinis Lost at Sea in Cargo-Ship Fire Could Cost $155 Million February 22, 2022 The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least...
Update: Ship Carrying Porsches, Audis and Bentleys Catches Fire Near Azores February 19, 2022 By Madison Muller The Felicity Ace, a massive cargo ship carrying thousands of Volkswagen Group vehicles, caught fire near the Azores islands in...
Storm Eunice Batters Britain and Ireland With Record Winds Hitting 122 Mph February 18, 2022 By Paul Sandle and Muvija M An Atlantic storm battered Britain and Ireland on Friday with record winds of up to 122 miles per hour, killing...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters February 18, 2022 This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A...
Beware of ‘Zero-Click’ Hacks That Exploit Security Flaws in Phones’ Operating Systems February 18, 2022 By Ryan Gallagher As a journalist working for the Arab news network Alaraby, Rania Dridi said she’s taken precautions to avoid being targeted...
ED&F Man Wins Claim Against Singapore Commodities Trader in $283M Metals Fraud February 18, 2022 By Eric Onstad A British high court judge ruled on Wednesday in favor of broker ED&F Man in a claim against Singapore commodities...
India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources February 18, 2022 By Scott Murdoch, Aftab Ahmed and Nupur Anand A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at...
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks February 18, 2022 By Nichola Saminather Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and...
Update: Devastating Mudslides, Floods Bring Rising Death Toll in Brazil February 18, 2022 By Mauricio Savarese and Mario Lobao PETROPOLIS, Brazil (AP) – Rio de Janeiro state’s government has confirmed 105 deaths from floods and mudslides that swept away...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...