Eight in 10 UK companies struggled to find workers last month despite many of them increasing wages, according to a survey that shows labor shortages are intensifying. The proportion was up sharply from three months earlier, with the squeeze most …
The life insurance industry is at risk if there is a sharp rise in bond yields, with an extreme situation potentially causing insurers to liquidate investments reaching $1 trillion in the United States and Europe, the International Monetary Fund warned …
England will be hit hard by floods like those that devastated Germany this summer if the country does not improve its defense against more extreme weather brought by climate change, a governmental agency said Wednesday. In a report, the Environment …
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company’s third quarter 2021 results. This estimate is primarily composed of net negative impacts of approximately $440 million from …
A collapse in cryptocurrencies is a “plausible scenario” and rules are needed to regulate the fast-growing sector as a “matter of urgency,” Bank of England Deputy Governor Jon Cunliffe said on Wednesday. Risks to financial stability from the application of …
ATHENS, Greece (AP) – A strong earthquake jolted the Greek island of Crete on Tuesday, three weeks after another temblor killed a man and damaged hundreds of buildings. The Geodynamic Institute in Athens said the undersea earthquake had a preliminary …
Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. Aston Lark is one of the UK’s leading, independent, specialist complex commercial and private client brokers. …
Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on insurtech and cybersecurity. The new financing arm, dubbed Munich Re Fund II, will also …
Hong Kong suspended schools and the city’s $6.3 trillion stock market canceled trading Wednesday as strong winds and rain from typhoon Kompasu lashed the financial hub. Hong Kong Exchanges and Clearing Ltd. canceled securities trading, including the Hong Kong-China stock …
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial system. A team led by the Central Commission for Discipline …
