London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told June 21, 2023 By Sam Tobin, Eric Onstad and Pratima Desai The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save”...
Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity June 21, 2023 By Sreeja Biswas Rapidly melting glaciers in Asia’s Hindu Kush Himalayan region — home to the world’s highest mountains — are threatening the...
Howden Acquires 2 Swiss Brokers June 21, 2023 Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery June 21, 2023 Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery...
Serious Change Underway at SiriusPoint June 21, 2023 By L.S. Howard SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting...
The Pros and Cons of Going Private June 21, 2023 By L.S. Howard In the days before hedge fund manager Daniel Loeb decided to drop the buyout of SiriusPoint, Carrier Management asked analysts...
As Switzerland’s Glaciers Melt, Alpine Nation Backs Climate Bill With Net Zero Target June 20, 2023 A majority of Swiss citizens on Sunday voted in favor of a bill aimed at introducing new climate measures to...
Markets/Coverages: WTW Launches Property Rebuild Assessment Service, Powered by Kroll Valuation Platform June 20, 2023 Insurance broker WTW has launched a new Property Rebuild Assessment Service, powered by Kroll’s Property Insurance Valuation Platform, to provide...
People Moves: Liberty Specialty Mkts Taps AXA XL’s Prato as London President; Carpenter Names Howden’s Cacia as Italy CEO; 2 Key Broking, Analytics Roles Also Hired June 20, 2023 This edition of International People Moves details appointments at Liberty Specialty Markets and Guy Carpenter. A summary of these new...
Former Chair Ghosn Sues Nissan for $1B in Lebanon June 20, 2023 Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s...