Update: Tankers Tied to the Russian Oil Trade Grind to Halt Following US Sanctions February 13, 2024 By Julian Lee and Alex Longley A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a...
Iceland Plans to Buy Out Homeowners in Volcano-Struck Town February 13, 2024 By Ragnhildur Sigurdardottir Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after...
HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal February 12, 2024 By Sam Tobin Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded...
TikTok Faces Fine as EU Prepares Probe Over Risks to Minors February 12, 2024 By Stephanie Bodoni and Jillian Deutsch TikTok owner ByteDance Ltd. faces the threat of hefty fines as the European Union prepares a probe under its strict...
Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients February 12, 2024 Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United...
Migratory Animals in Peril From Overhunting, Habitat Loss: UN Report February 12, 2024 By Leslie Kaufman Every year, mammals, birds, fish and insects make epic migrations between habitats. The humpback whale, famously, can travel 5,000 miles...
Rio Tinto Faces Pressure From Investors Over Water Contamination Claims February 12, 2024 By Melanie Burton Global mining giant Rio Tinto, which sparked outrage after destroying an ancient Indigenous site in Australia in 2020, faces new...
People Moves: Mitsui Sumitomo EU Appoints Rodden as Interim CEO, Rebrands as MSIG UK; Gallagher Re Promotes Dowlen to Managing Director EMEA February 9, 2024 This edition of International People Moves details appointments at Mitsui Sumitomo Insurance (Europe) and Gallagher Re. A summary of these...
Some Insurers Suspend Sales of Car Policies After UK Watchdog Again Intervenes February 9, 2024 By Huw Jones Britain’s financial watchdog said on Friday several insurers have agreed to suspend sales of policies that cover the depreciation of...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023 February 9, 2024 By L.S. Howard Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown...