Marsh: ‘Stable’ Q4 Commercial Rate Increase of 2% February 5, 2024 Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the...
Chile’s Second-Largest Refinery Shuttered Due to Power Outage Following Wildfires February 5, 2024 The Aconcagua refinery, Chile’s second-largest with a capacity to process 102,000 barrels per day (bpd) of crude, has been shut...
Hedge Funds’ Mega Returns Set Off Demand Spiral for Catastrophe Bonds February 5, 2024 By Sheryl Tian Tong Lee and Gautam Naik As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind...
EU Agrees New Push to Repair, Not Replace, Defective Consumer Goods February 5, 2024 Consumers will be given greater rights to have goods such as washing machines and smartphones repaired under new rules agreed...
Europe’s Toughest ESG Rule Hits Wall of German Objections February 2, 2024 By John Ainger and Frances Schwartzkopff The European Union’s most stringent ESG rule to date may be scuppered due to eleventh-hour German opposition to the plan....
Tobacco Giants’ Patent Settlement Clears Path for Smokeless Products February 2, 2024 By Andy Hoffman Tobacco giants Philip Morris International Inc. and British American Tobacco Plc settled a series of patent suits that clears a...
Norway’s Most Powerful Storm in Over 30 Years Rips Roofs Off Houses, Cuts Power February 2, 2024 By Jan M. Olsen Norway’s most powerful storm in more than three decades ripped off roofs, heightened avalanche risks, canceled flights and cut power...
French Farmers Head Home but Anger Spreads Elsewhere in Europe February 2, 2024 By Charlotte Van Campenhout Protesting farmers demanding just prices and less red tape blocked the border between Belgium and the Netherlands on Friday, whilst...
France Now Backing EU AI Rules Ahead of Bloc Endorsement February 2, 2024 By Foo Yun Chee France is now backing landmark European Union rules governing artificial intelligence subject to strict conditions, an EU diplomatic source said...
Jensten Acquires UK Community Broker Melville Burbage February 2, 2024 Jensten, the London-based independent insurance broking group, announced it has acquired independent community broker Melville Burbage. The deal, which is...