Iceland’s Volcanic Eruption Is Dramatic. But It Won’t Cool the Planet. December 21, 2023 By Sana Pashankar A volcanic eruption on Iceland’s Reykjanes Peninsula sent lava flowing through a 4-kilometer (2.5-mile) crack in the Earth’s crust. The...
Apollo-Owned Aspen Insurance Files for IPO in US December 21, 2023 Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States,...
Howden Acquires Dutch Broker VLC & Partners December 20, 2023 Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent...
Allianz Sponsors Catastrophe Bond for European Windstorm Risks December 20, 2023 Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million...
UK to Sign Deal Boosting City of London’s Post-Brexit Ties to Switzerland December 20, 2023 By Tom Metcalf and Bastian Benrath The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between...
Death Toll Climbs in China’s Worst Earthquake in Nearly a Decade December 20, 2023 By Bloomberg News The death toll from China’s worst earthquake since 2014 rose to more than 130 as the government sent a top...
Aon to Buy Middle-Market Broker NFP for $13.4 Billion December 20, 2023 By Chad Hemenway and L.S. Howard Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its...
Toyota’s Daihatsu Unit to Halt All Vehicle Shipments, in Widening Safety Scandal December 20, 2023 By Daniel Leussink Toyota Motor’s Daihatsu unit will halt shipments of all of its vehicles, Japan’s biggest automaker said on Wednesday, after a...
Artificial Intelligence Can’t Be Named as Inventor for Patents: UK Top Court December 20, 2023 By Upmanyu Trivedi Artificial intelligence programs can’t be named as an inventor for patents, the UK’s top court said in a crucial ruling...
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks December 20, 2023 By Alex Longley, Ruth Liao and Yongchang Chin The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...