International
Ukraine Invasion Analysis: AM Best Sees ‘Significant Implications’ for Insurers
AM Best believes that Russia's invasion of Ukraine could have a "substantial impact" on the world's insurance industry in the near to midterm, the rating agency said in a report published on Friday. ...
Hacking Risk Shadows U.S. Business as Russia Threatens Critics
A swath of major American businesses—from major banks to utility companies—is preparing for possible cyber attacks against their computer networks as Russia on Thursday threatened "consequences" ...
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World
The decades-old oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar ...
Storms With Hurricane Gusts Set to Batter NW Europe, Driving Wind Power Generation
Storms across northwest Europe are set to drive electricity generation from wind farms to records this week in gusty conditions that threaten to disrupt transportation and down power lines. Weather ...
AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm
Denmark's Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar ...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. ...
Beazley Partners With InsurTech Gaia to Offer Coverage for IVF Treatment
Lloyd's insurer Beazley is partnering with InsurTech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment. The health-focused InsurTech has been working ...
More Airlines Avoiding Ukraine Airspace Amid Insurance Issues
More airlines are likely to avoid Ukraine's airspace amid insurance issues and a decision by leading European carriers to stop overflights after a U.S. warning that Russia could invade at any time, a ...