International
Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere ...
‘Far Too Many’ Companies Fail to Disclose Environmental Data, CDP Shows
Too many companies are failing to respond to environmental transparency requests, nonprofit platform CDP said on Tuesday, after only 1.3 percent of firms scored an "A" based on their climate change, ...
3M Faces Claim in Netherlands Over ‘Forever Chemicals’ Pollution
The Netherlands's government is exploring its legal options against chemical giant 3M over pollution in the Dutch part of the Scheldt River. For years, the company's Antwerp, Belgium-based factory ...
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for losses from natural disasters. The supranational lender has issued ...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for ...
Liberty Mutual Explores $1 Billion Sale of Europe Businesses
Liberty Mutual Holding Co. is exploring the sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the ...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Zurich Insurance Plc (ZIP), the Dublin-based, wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK's exit from the European Union. Since the Irish ...
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company's ownership in Huatai Insurance Group Co. Ltd. from 47.3 ...