Ukraine Rebuffs Russia’s Offer of 60-Day Extension on Grain Deal March 14, 2023 By Áine Quinn, Megan Durisin and Aliaksandr Kudrytski Ukraine pushed back on Russia’s apparent offer to extend the landmark grain-export deal by just 60 days when it comes...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
Aon Updates Europe Windstorm, Severe Convective Storm Models March 13, 2023 Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe...
Mosaic Insurance Opens Singapore Office, Hiring 2 Specialty Underwriters March 13, 2023 Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market March 13, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market...
Update: Swiss Regulator Monitors Banks, Insurers for Contagion After SVB Collapse March 13, 2023 Swiss financial regulator FINMA on Monday said it was closely monitoring the banks and insurers it oversees after the U.S....
Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data March 13, 2023 By Virginia Furness and Simon Jessop Financial institutions managing $136 trillion in assets will this week call on companies to share more data on their environmental...
Hong Kong’s FWD to File Again for IPO Application: Sources March 13, 2023 By Manuel Baigorri FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for...
AM Best Downgrades SCOR’s Ratings March 10, 2023 AM Best announced Thursday that it has downgraded the financial strength rating to A (excellent) from A+ (superior) and the...
Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk March 10, 2023 By Susana Vera and Ceyda Caglayan Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of...