Oil Executives Call for Cautious Return to Red Sea Navigation February 10, 2025 By Georgina McCartney and Sheila Dang Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the...
China Frees Possible $27 Billion From Insurers to Buy Gold February 10, 2025 By Bloomberg News A pilot program in China that allows insurers to buy gold for the first time could free up billions of...
China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers February 10, 2025 China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold...
People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders February 7, 2025 This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires...
Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion February 7, 2025 By Amy-Jo Crowley, Iain Withers and Yadarisa Shabong Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion...
Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist February 7, 2025 By Julian Lee Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil...
Valencia Floods Prompt Race for Funds to Boost Spain’s Climate Resilience February 7, 2025 By Corina Pons and Pietro Lombardi Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more...
Avolon, BOC Settle Lawsuit Against Insurers Over Stranded Russian Jets February 7, 2025 By Padraic Halpin and Conor Humphries Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers...
UAE Turns to Satellites to Shield Region’s Only Nuclear Plant From Climate Risks February 7, 2025 By Verity Ratcliffe The United Arab Emirates, which operates the Gulf’s only commercial nuclear power station, is for the first time taking special...
European Commission Asks Shein for Information on Illegal Goods February 6, 2025 By Geert De Ciercq and Helen Reid The European Commission has asked online fast-fashion retailer Shein to provide internal documents and more detailed information on risks linked...