China Weighs Record Fine for PwC Over Evergrande Audit Work May 30, 2024 By Bloomberg News China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations...
EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh May 30, 2024 By Alberto Nardelli The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction...
Samsung Faces Probe After Two Chip Workers Exposed to Radiation May 29, 2024 By Yoolim Lee South Korea’s nuclear safety authorities are carrying out an on-site investigation after two employees at a Samsung Electronics Co. semiconductor...
People Moves: Specialist Aviation MGA Itasca Names John as CEO, Succeeding Zolotusky; DUAL Group Appoints Allianz’s Sayce as Group Head of Emerging Products May 29, 2024 This edition of International People Moves details appointments at aviation specialist Itasca MGA Ltd. and DUAL Group, Howden’s MGA subsidiary....
Specialist Risk Group to Launch Global Motorsport Underwriting Offering May 29, 2024 Specialist Risk Group’s managing general agent, MX, announced it will soon launch a new specialist motorsport underwriting offering, MX Motorsport....
Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s May 29, 2024 Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in...
Update: Greek-Owned Ship Takes on Water After Being Hit by Missiles in Red Sea May 29, 2024 By Verity Ratcliffe A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the...
PwC Lost Five China Clients After Evergrande-Linked Probe May 29, 2024 By Xinyi Luo PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its...
Top Insurer to Leave Colombia’s Public Health System Amid Petro Squeeze May 29, 2024 By Andrea Jaramillo and Oscar Medina One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in...
Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel May 29, 2024 By Jonathan Saul The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel...