The Aral Sea Is Dying — A Victim of Environmental Malpractice November 7, 2019 By Eric Roston The Aral Sea was once the world’s fourth largest inland lake. Today, it’s the epitome of environmental malpractice. More than...
EU Weighs Stress Tests to Improve Financial Firms’ Buffers Against Climate Risks November 7, 2019 The European Commission is considering stress tests and measures to force financial firms to raise their buffers against climate-change risks,...
U.S. Targets Sanction-Evading Shipping Firms, Enlists Help from Insurers, Banks November 6, 2019 By Jonathan Saul The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product November 6, 2019 Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency...
Swiss Re Explores Investment in China Pacific Insurance November 6, 2019 Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the...
Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources November 6, 2019 By Manuel Baigorri German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese...
Argo Group CEO Watson Steps Down as SEC Continues Its Probe of Insurer November 6, 2019 Argo Group International Holdings Ltd. announced the retirement of Mark E. Watson III as chief executive officer, effective immediately. Kevin...
EU Rules for Responsible Investing to Be Set for Insurers, Asset Managers in 2021 November 5, 2019 By Francesco Guarascio European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension...
U.K. Marine Services Firm James Fisher Reports Cyber Attack November 5, 2019 Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its...
HUB International Acquires Canada’s RBI Advisory Group November 5, 2019 Hub International Ltd., the Chicago-based insurance broker, announced it has acquired R Bruce Inc., which does business as RBI Advisory...