UK Polluters to Face Unlimited Fines to Protect Environment July 12, 2023 Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and...
Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks July 12, 2023 Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold...
Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack July 12, 2023 By Steven Arons Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised...
Russian Hackers Lured Embassy Workers in Ukraine With Fake Used-Car Advert July 12, 2023 By James Pearson Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake...
Swiss Re Nominates New Permanent Chairman to Succeed Ermotti July 12, 2023 The insurer Swiss Re said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources July 12, 2023 By David French and Pablo Mayo Cerqueiro One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure...
People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire July 11, 2023 This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller. A summary of these new...
Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer July 11, 2023 By Stefanno Sulaiman and Fransiska Nangoy Indonesia’s coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude...
Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec July 11, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions...
Former VW Executives Ordered to Testify in Investor Lawsuit July 11, 2023 By Karin Matussek A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over...