War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks June 17, 2019 By Alex Longley, Sheela Tobben and Ann Koh Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round...
AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation June 14, 2019 Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective...
El Niño Conditions Likely to Continue Through Summer June 14, 2019 There is a 66% chance that the Northern Hemisphere will see persisting El Niño conditions in the summer of 2019,...
Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief June 14, 2019 By Alex Morales and Joe Mayes Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s...
Insurers Appoint Dutch Marine Engineer to Salvage Oil Tankers in Gulf of Oman June 14, 2019 Dutch marine engineer Boskalis said on Friday it had has been appointed to salvage both tankers that were hit in...
China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms June 14, 2019 China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and...
Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues June 14, 2019 By Kelsey Johnson and Rod Nickel Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce...
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July June 14, 2019 By Ross Larsen and Will Hadfield Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the...
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks June 14, 2019 By Julian Lee, Alex Longley and Will Hadfield Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster June 13, 2019 By L.S. Howard Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s...