The case in Delaware, where many companies are registered, could set a precedent for deals that have seen valuations drop since the COVID-19 pandemic, as buyers no longer want to buy assets under the terms of agreements reached before.

A consortium led by Mirae agreed last year to buy the hotels from Anbang, which had been selling some of its overseas assets after the Chinese government took control of the troubled insurer in 2018.

U.S. insurers dig into corporate diversity practices as lawsuits pile up

Dec 1, 2020

Insurers are meeting company officials to examine diversity practices before renewing or signing new so-called D&O policies to cover lawsuits against directors and officers, insurers and brokers said.

Before pricing coverage, insurers want details about top-level succession planning and how companies recruit, they said.

Shell faces Dutch court as climate change activists demand end to emissions

Dec 1, 2020

Environmental activists are demanding that Shell cuts its greenhouse gas emissions almost in half by 2030 and to zero by 2050 – which would effectively force the Anglo-Dutch firm to quickly move away from oil and gas and direct its investment to sustainable sources of energy

Fitch maintains a stable rating outlook for Chinese non-life insurance sector

Dec 1, 2020

“We expect the non-motor business to continue to report faster growth dynamics than the motor insurance class. Implementation of comprehensive motor insurance reform is likely to impair smaller insurers’ ability to boost profitability, while scale advantage will enable the large peers to sustain profitable underwriting results,” said Fitch in a rating note.

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