LONDON – British insurer RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada’s Intact Financial and Denmark’s Tryg in one of Europe’s biggest financial takeover bids this year. Insurers have become an attractive proposition since the …
Norwegian-owned cruise ship operator SeaDream Yacht Club has canceled all sailing for the remainder of 2020 after positive COVID-19 test results onboard one of its cruises, it said on Tuesday, dealing a fresh blow to the cruise industry. The decision …
BERLIN – More than 1,500 police carried out a series of searches in Berlin and arrested three people in a massive operation connected to the spectacular theft of 18th-century jewels from a unique collection in Dresden last November, authorities said …
Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets watchdog told the UK Supreme Court on Tuesday. A lawyer for the Financial Conduct Authority (FCA), which …
A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening up the industry to cover losses suffered because of the coronavirus pandemic. The court agreed with the approach of the …
The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc. revealed plans to start selling prescription drugs to its Prime members in the U.S. The long awaited move pushed Walgreens Boots …
Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful Atlantic hurricane in a record-setting season, is moving along …
Iota became the thirteenth hurricane of the Atlantic season early Sunday, threatening to bring another dangerous system to Nicaragua and Honduras – countries recently clobbered by a Category 4 Hurricane Eta. Iota was already a record-breaking system, being the 30th …
Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses devastated by the coronavirus crisis. Opening a …
Three strong typhoons over the past three weeks have killed more than 100 people in the Philippines and damaged farms and infrastructure worth almost 25 billion pesos ($518.5 million), based on reports from its disaster agency. A number of provinces …