Dutch Court Orders Shell Nigeria to Pay Damages from Oil Pipeline Leaks January 29, 2021 By Diederik Baazil and Laura Hurst A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over...
China Emphasizes Communist Party Leadership in Governance of Insurers, Banks January 29, 2021 China’s banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both state-owned...
Businesses Should Take the Lead on COVID-19 Recovery, Climate Crisis: UN Chief January 29, 2021 By Michelle Nichols UN Secretary-General Antonio Guterres on Monday [Jan. 25] urged businesses to lead the way to a fair and sustainable recovery...
Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO January 29, 2021 By Susanne Sclafane During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in...
UK Chancellor Sunak Seeks Deeper UK Insurance, Banking Ties with Switzerland January 28, 2021 By Alex Morales UK Chancellor of the Exchequer Rishi Sunak will hold talks with his Swiss counterpart on Wednesday as the two countries...
Luxembourg Signs Restitution Agreement for Holocaust Victims January 28, 2021 LUXEMBOURG— The Luxembourg government signed a deal Wednesday with the World Jewish Restitution Organization to pay reparations and to restitute...
Aon, Willis Announce Leadership Team for Post-Merger Brokerages January 28, 2021 In anticipation of their proposed merger receiving final approval, insurance brokers Aon and Willis Towers Watson announced the future leadership...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber January 28, 2021 AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global...
China Urges International Cooperation on Financial Services, Technology Regulation January 28, 2021 By Brenda Goh and Cheng Leng SHANGHAI— China’s regulators want to step up exchanges with international counterparts and strengthen co-operation on anti-trust issues, data treatment and...
China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing January 28, 2021 By Samuel Shen and Andrew Galbraith SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management...