Global Forest Loss Tops Record as Wildfires Drive Destruction May 21, 2025 By Natasha White Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing...
Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured May 21, 2025 Chevron’s Angolan business said on Wednesday that there was one person missing after an early morning fire at its Benguela...
Marks & Spencer Says Cyberattack to Cost £300 Million May 21, 2025 By Katie Linsell Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from...
Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks May 21, 2025 By Celia Bergin The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as...
Ryan Specialty Acquires Irish MGU 360° Underwriting May 20, 2025 Ryan Specialty, the Chicago-based international specialty insurance firm, announce that it has acquired 360° Underwriting (360), a managing general underwriter...
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings May 20, 2025 By Nao Sano Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in...
Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million May 20, 2025 Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million)...
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil May 20, 2025 By Jan Strupczewski The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on...
Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives May 20, 2025 Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex...