Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills July 14, 2020 President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate...
UK Plans to Spend $6.6 Billion on Building Flood Defenses Through 2027 July 14, 2020 By Alex Morales Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government...
Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re July 13, 2020 Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will...
Russia’s Nornickel Denies Allegations of Cover-Up over Arctic Oil Spill July 13, 2020 By Andrew Osborn and Tom Balmforth Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off...
Guy Carpenter Names Lawrence from Willis Towers Watson as Head of GC Fac UK July 13, 2020 Guy Carpenter & Co., the reinsurance brokerage division of Marsh & McLennan Cos., announced the appointment of Henry Lawrence as...
Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M July 13, 2020 Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows...
UK Supreme Court to Consider Landmark Equal-Pay Case Against Walmart’s Asda July 13, 2020 By Jonathan Browning A long-awaited equal pay lawsuit at the U.K. Supreme Court could see thousands of mostly female workers obtain better wages...
U.S. Targets Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions July 13, 2020 By Jonathan Saul and Matt Spetalnick Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil...
China Braces for Continuing Floods in One of Worst Rainfall Seasons on Record July 13, 2020 China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted...
Randall to Retire as Executive Chairman of Randall & Quilter Investment Holdings July 10, 2020 The board of directors of Randall & Quilter Investment Holdings Ltd. announces that Ken Randall, executive chairman of the company...