French Mining Group Eramet Identifies Potential $50.8M Financial Fraud December 21, 2021 PARIS – Eramet has identified a potential 45 million euro ($50.8 million) financial fraud within its group treasury operations, the...
COVID-19 to Cut UK Life Expectancy by 9 Months: RBC Analysts December 21, 2021 By Joe Easton The coronavirus pandemic is seen cutting life expectancy in the UK by nine months, Royal Bank of Canada analysts said,...
UK Businesses Brace for Great British Resignation in 2022 December 21, 2021 By Emily Ashton UK businesses were hit by rising numbers of staff leaving their jobs voluntarily during 2021, with many employers facing the...
Global M&A Activity Shatters Records, Topping $5 Trillion in 2021 December 21, 2021 By Anirban Sen, Pamela Barbaglia and Kane Wu LONDON/HONG KONG – Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that...
FWD Group Withdraws U.S. IPO Plan, Pivoting Instead to Hong Kong December 21, 2021 By Crystal Tse FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China...
Record Rainfall, Floods Across Globe Generate Billions in Economic Damages: Aon December 20, 2021 November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars...
Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd. December 20, 2021 Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by...
Everest Re Extends President and CEO Andrade’s Employment Agreement December 20, 2021 Everest Re Group Ltd., the Bermuda-based re/insurer, announced the extension of President and CEO Juan C. Andrade’s employment agreement through...
Typhoon Rai Leaves Trail of Destruction in Southeast Asia, Killing More Than 200 December 20, 2021 By Siegfrid Alegado and Yantoultra Ngui Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters....
Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M December 20, 2021 OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the...