Banks, Asset Managers Warned of ‘Huge’ Fallout From UK’s New Greenwashing Law May 31, 2024 By Greg Ritchie and Frances Schwartzkopff Banks and asset managers in the UK woke up to a new reality on Friday, as the country enforces some...
AM Best Revises Outlooks to Stable, Affirms Excellent Ratings for MEMIC Group May 31, 2024 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and...
People Moves: Howden Re Names Hearn as Chair, Global Clients Strategy; Ex-Lloyd’s CEO Beale Named Chair of Climate Consultancy South Pole May 31, 2024 This edition of International People Moves details appointments at Howden Re and climate consultancy South Pole. A summary of these...
Nurse Honored for Compassion Is Fired After Referring to Gaza ‘Genocide’ in Speech May 31, 2024 By Karen Matthews A nurse was fired by a New York City hospital after she referred to Israel’s war in Gaza as a...
Investors With Trillions Aren’t Handling Australia Climate Risks: Study May 31, 2024 By Angus Whitley Major investors in Australia aren’t responding fast enough to rising threats to infrastructure and other assets from cyclones, floods and...
Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks May 31, 2024 By Ari Rabinovitch Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as...
Cleaner Shipping Fuel Is Contributing to Ocean Warming: Report May 31, 2024 By David Stanway Shipping fuel regulations introduced in 2020 have led to a substantial cut in sulfur dioxide (SO2) pollution, but may also...
Nationwide’s Kandhari Talks Building a Bionic Workforce With AI May 31, 2024 By Elizabeth Blosfield Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic...
US P/C Insurers Hit Record Investment Income in 2023 May 31, 2024 The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest...
AIG Drops Claims Against Former Execs Who Started Dellwood Insurance May 31, 2024 By Chad Hemenway American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG...