Giant Maersk Container Ship Runs Aground in North Sea February 3, 2022 By Zuzanna Szymanska and Miranda Murray One of the world’s biggest container ships, the Mumbai Maersk, has run aground off the German island of Wangerooge in...
Life Insurance Corp. of India’s Embedded Value Set at More Than $66.8B: Gov’t Official February 3, 2022 By Aftab Ahmed and Manoj Kumar NEW DELHI – State-run Life Insurance Corp. of India’s (LIC) embedded value has been finalized at more than 5 trillion...
Hackers Target Key Fuel-Distribution Firms in Europe February 3, 2022 By Jack Wittels, Rachel Graham and Ryan Gallagher Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in...
Generali Asks Italian Regulators to Review of Tycoons’ Stake-Building February 3, 2022 By Sonia Sirletti Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction magnate Francesco Gaetano...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh February 2, 2022 By L.S. Howard Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in...
UK Banks Face Surge in Equal Pay Claims After Landmark Ruling Against BNP Paribas February 2, 2022 By Jonathan Browning Stacey Macken fought more than eight years for equal pay. Her victory over BNP Paribas SA this week at a...
Viewpoint: Climate Change Litigation – Why Better Disclosure Is Vital as Cases Rise February 2, 2022 By Thomas Englerth With the effects of climate change becoming more palpable, a rise in climate litigation cases could have significant financial and...
Toyota Settles Lawsuit That Blamed Employee’s Suicide on Overwork, Harassment February 2, 2022 By Yuri Kageyama TOKYO (AP) – Toyota has settled a lawsuit that blamed overwork and harassment for the suicide of one of its...
Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I February 2, 2022 This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these...
Credit Suisse Faces $45.5 Million Claim in Swiss Money-Laundering Trial February 2, 2022 Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial...