Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue March 31, 2021 By Kiuyan Wong Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and...
Lloyd’s Expects Large Loss from Suez Canal Blockage March 31, 2021 By Carolyn Cohn The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London,...
Formal Investigations Begin into How Container Ship Ran Around in Suez Canal March 31, 2021 ISMAILIA, Egypt – Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting...
City of London Financial Center Likely to See Most Workers Return After Pandemic March 31, 2021 By William Schomberg LONDON – The City of London financial center, which has resembled a ghost town since the coronavirus swept the world...
Aon Takes a Holiday March 30, 2021 Aon announced it is closing operations and taking a global holiday on April 1st and April 2nd. These two days...
Lengthy Legal Battles Expected from Suez Canal’s Longest Closure in Almost 50 Years March 30, 2021 By Aaron Clark, Cindy Wang, Ann Koh and Verity Ratcliffe The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
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...