Behind the Crypto Broker Accused of Enabling Ransomware Hackers October 6, 2021 By Kartikay Mehrotra and Olga Kharif A cryptocurrency broker that the Biden administration considers a key cog in the recent ransomware epidemic is legally registered in...
Brazil’s Vale CEO Says Dam Tragedies Were Wake Up Call on Safety, Green Policies October 6, 2021 By Marta Nogueira After two deadly dam disasters that made Vale SA a pariah of the global green movement, Brazil’s largest mining company...
People Moves: Marsh Names Bruce as CEO, Marsh Commercial, Succeeding Gruppo October 6, 2021 Marsh, the world’s leading insurance broker and risk adviser, announced the appointment of David Bruce as CEO, Marsh Commercial. Subject...
Lloyd’s and London’s Finance District Confront a Past Steeped in Slavery October 6, 2021 By Carolyn Cohn and Huw Jones LONDON — British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many...
People Moves: Ed Bermuda Names Marsh’s Juul as Head of Casualty; Mosaic Hires Jones From Liberty Specialty Markets; BHSI Promotes 2 for UK & Europe October 5, 2021 This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A...
UK Competition Authority Investigating Gallagher Bid to Buy Willis Re October 5, 2021 By Susanne Sclafane The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance...
Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion October 5, 2021 Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately...
China Tells Insurers, Banks They Must Ensure Coal, Power Financing Needs Are Met October 5, 2021 By Ryan Woo China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal...
UK Gender Pay Gap Widens for Insurers, While Banks Make a Slight Dent October 5, 2021 By Carolyn Cohn and Iain Withers Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis,...
Climate Reckoning Is Coming for the World’s Government Debt October 5, 2021 By Jill Ward For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms...