Banks in EU Get World’s First ESG-Related Rewrite of Capital Rules October 13, 2023 By Frances Schwartzkopff In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect...
Baltic States Beef Up Infrastructure Defense After Suspected Pipeline Sabotage October 13, 2023 By Lars Paulsson, Milda Seputyte and Leo Laikola Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the...
Generali to Sell TUA Assicurazioni to Allianz in $295M Deal October 13, 2023 Generali said on Thursday that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA...
Israel to Provide $6 Billion War Insurance Cover for Israeli Airlines October 13, 2023 Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war...
Fidelis MGU and Castlelake Launch Aviation-Focused ‘Itasca MGA’ October 12, 2023 Pine Walk Capital Ltd., a specialist MGA platform and wholly owned subsidiary of specialty re/insurer Fidelis MGU, and Castlelake L.P.,...
People Moves: BHSI Taps Allianz’s Fuertes as Head of Energy and Construction in Spain; Allianz Commercial Hires AIG’s Vagenende to Lead New Benelux & Nordic Region October 12, 2023 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Allianz Commercial. A summary of...
Update: Airlines Wrestle With Safety Risks of Evacuation Operations in Israel October 12, 2023 By Anna Ringstrom and Bart H. Meijer Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with Norwegian Air and Dutch KLM canceling...
Promotions, Raises Await Workers Who Come Back to the Office: Canadian CEOs October 12, 2023 By Derek Decloet Top executives at Canadian companies are growing less optimistic that they’ll be able to coax their employees back into the...
Brink’s Sues Air Canada After $17 Million Heist of Gold and Cash October 12, 2023 By Geoffrey Morgan An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue...
Key to Proactive Cyber Security Is Management of Third-Party Vendor Risks October 12, 2023 By Mauro Marongiu The hack of the MOVEit file transfer platform, developed by Progress Software and used by businesses of all sizes, serves...