China Fines US Firm Mintz $1.5M for ‘Unapproved’ Work, After Raiding its Beijing Office August 23, 2023 By Yew Lun Tian China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work,” said a Beijing Municipal Bureau of...
Cryptoassets Increase Financial Risks in Developing Economies, Study Says August 23, 2023 Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best August 23, 2023 By L.S. Howard Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for...
Climate Change Doubled Odds of Eastern Canada’s Extreme Wildfire Weather: Research August 23, 2023 By Kendra Pierre-Louis This summer’s wildfires in eastern Canada have raged so intensely that smoke from them darkened skies as far away as...
More Than One-Third of Desks Globally Sit Empty All Week Long: Report August 23, 2023 By Matthew Boyle More than one-third of desks in offices around the globe are unoccupied all week, according to a new report, raising...
Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders August 23, 2023 Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known...
Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row August 22, 2023 By Tom Metcalf and Marion Halftermeyer Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail...
Japan to Release Water Into Sea From Fukushima Nuclear Power Plant on Aug. 24 August 22, 2023 By Sakura Murakami and Tom Bateman Japan said on Tuesday it will start releasing into the sea more than 1 million metric tons of treated radioactive...
People Moves: AXA XL Names Hopkinson Canada Country Mgr; BHSI Promotes Leandri for Risk Control; Coalition Taps MS Amlin’s Wynne Davies as UK Special Projects Lead August 22, 2023 This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance (BHSI), and the cyber insurer...
Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services August 22, 2023 By Alex Longley The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done...