As of Monday, the extra insurance premium ships pay when entering...
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Britain to create new regime to deal with insurance failures
In Britain, insurance company collapses currently come under...
El Niño could have a significant impact on renewable energy production, WTW report
``Developers must carefully plan and factor the various worst-case...
Bayer must pay $80 mn in Monsanto roundup cancer trial, says US Jury
In the trial’s second phase, Hardeman’s lawyers were able to present previously excluded internal documents allegedly showing the company’s efforts to influence scientists and regulators about the widely used product’s safety.
Lloyd’s of London suffers 1 billion pound loss in 2018
Nevertheless, the market reported an improved combined ratio of 104.5 percent, compared to 114.0 percent in 2017 when the market reported a £2 billion (US$2.6 billion) loss, also driven mainly by major natural disasters. (A combined ratio above 100 percent indicates an underwriting loss).
Japan extends state-backed insurance for Iran oil imports-govt official
While the rollover provides insurance cover for imports that Japanese shippers cannot otherwise obtain, refiners are unlikely to load Iranian cargoes from April unless they get a waiver from the United States on sanctions re-imposed on Iran last year.
China pledges to ‘sharply’ expand financial market opening as trade talks loom
“We are quickening the full opening of market access for foreign investors in banking, securities and insurance sectors,” he said.
Relationship between Boeing, FAA Safety Regulators under scrutiny
In one previously unreported case involving a separate aircraft program, a Boeing engineer sued three years ago, claiming he was fired for flagging safety problems that might have slowed development. Boeing has denied the claims.
Marsh & McLennan receives final regulatory approvals on buying JLT on April 1
The $5.6 billion deal, which was hammered out in about 11 days between MMC CEO Dan Glaser and JLT Group CEO Dominic Burke, looks to b one of the largest ever involving insurance brokers. Last year, KKR & Co. and Canada’s Caisse de Depot et Placement du Quebec acquired USI Insurance Services for $4.3 billion
French activist fund seeks to remove SCOR CEO from board
During today’s meeting, the Board of Directors of SCOR has unanimously decided to reiterate its full support to Denis Kessler and Augustin de Romanet and, accordingly, to recommend the shareholders of SCOR to vote against the draft resolution presented by CIAM and in favor of the draft resolutions proposed by the Board of Directors of SCOR, including in particular the renewal of Augustin de Romanet as director of SCOR and the approval of the remuneration of Denis Kessler, said a release issued by SCOR on Monday.
Employers Using Robots to Catch Fraud in Expense Reports
Oversight Systems has identified questionable expenses like eyelash extensions, lost sunglasses and an employee who billed for a new shirt after he spilled coffee on himself on the way to a meeting.
Lloyd’s of London issues anti-harassment plan
This isn’t the first time Lloyd’s has tried to overhaul its deeply backward-looking culture to better reflect societal changes that have transformed banking and other financial services. Former CEO Inga Beale spent close to five years trying to redirect the industry, pushing for the modernization of attitudes and behaviours – but she met resistance at every step
Fix to MCAS anti-stall software in 737 MAX ready to go: Boeing
New York: A fix to the anti-stall system suspected in October's Lion Air Boeing 737 MAX 8 that killed 189 people in Indonesia is ready to roll out, industry sources told AFP Saturday. Boeing was due to present the patch to officials and pilots of US...