Guy Carpenter Launches Asia Pacific Capital Advisory Group March 30, 2021 Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group...
Japan Chipmaker Renesas Says Normal Production at Fire-Hit Plant to Take 100-120 Days March 30, 2021 By Eimi Yamamitsu TOKYO – Japanese chipmaker Renesas Electronics said on Tuesday it would take at least 100 days to get back to...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier March 30, 2021 By Rachel Armstrong and Huw Jones LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank...
Insurance Unlikely to Cover All Shipowners’ Expenses Incurred in Suez Closure Chaos March 30, 2021 By Jonathan Saul and Carolyn Cohn The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at...
Mastercard Battles Attempts to Expand Scope of $19B Class Action in UK March 29, 2021 By Kirstin Ridley LONDON – Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14...
Suez Canal Blockage Likely to Bring Large Losses for Global Reinsurers: Fitch March 29, 2021 The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event...
SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here’s Why. March 29, 2021 By Supantha Mukherjee and Anirban Sen STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with...
Software Developers Launching Type of Insurance Cover for Cryptocurrencies March 29, 2021 By Olga Kharif Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a...
What Has Changed After Brexit for London’s Financial Center? March 29, 2021 By Huw Jones LONDON — Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them...
Update: Stranded Container Ship Is Refloated; Suez Canal Shipping Traffic Resumes March 29, 2021 By Yusri Mohamed, Nadine Awadalla and Aidan Lewis ISMAILIA, Egypt – Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated a...