A dozen people were still missing on Thursday after a 6.2-magnitude earthquake struck northwestern Gansu province late Monday, and netizens questioned the speed at which rescue operations had ended. Chinese media reported that search-and-rescue work in Gansu ended at 3 …
Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions to avoid disruptions at the Suez and Panama canals. Chartering costs for a so-called Suezmax, the largest class of oil …
Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international naval task force to protect maritime trade in one of the world’s most important waterways. The Iran-backed group also warned …
A volcanic eruption on Iceland’s Reykjanes Peninsula sent lava flowing through a 4-kilometer (2.5-mile) crack in the Earth’s crust. The eruption began in earnest on Monday and occurred near the evacuated fishing town of Grindavík, with lava shooting into the …
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is reportedly …
Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands. Financial details of the transaction were not disclosed. The business is currently under the ownership …
Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million to protect itself against European windstorms. Allianz entered into a three-year reinsurance agreement with Blue Sky Re DAC, a special …
The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers. Chancellor of the Exchequer Jeremy Hunt will visit Bern to sign it, according to people familiar …
The death toll from China’s worst earthquake since 2014 rose to more than 130 as the government sent a top official to oversee recovery efforts. Some 113 people were killed in mostly rural areas of Gansu province and another 18 …
Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment. The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing …
