Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed to properly disclose a sprawling corruption scandal and subsequent settlement. The lawsuit, filed in the Netherlands, was served against the …
Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition, Fortitude Re’s subsidiary, Fortitude Reinsurance Co. Ltd. (FRL), Bermuda’s largest multi-line reinsurer, obtained approval to operate as a “reciprocal jurisdiction …
Qatar Airways is seeking more than $600 million in compensation from Airbus over surface flaws on A350 jetliners, according to a court document shedding new light on an escalating business feud worth $4 million a day. The Gulf carrier is …
The U.S. Supreme Court on Friday is set to consider requests by Republican state officials and business groups to block President Joe Biden’s vaccine mandate for employers with more than 100 workers and a similar requirement for healthcare facilities at …
After more earthquakes have struck near South Carolina’s capital city, the ninth and tenth in a series of rumblings, geologists are asking how long the convulsions might last, or if they could possibly portend more serious seismic activity. Early Wednesday, …
Patriot Growth Insurance Services, a national agency, has acquired six Florida agencies, greatly expanding Patriot’s footprint in the Southeast. Pennsylvania-headquartered Patriot said in a news release that it had purchased agencies across Florida. They include: Kolisch Marine, in Coral Gables, …
W.R. Berkley Corp. announced the formation of Berkley Construction Solutions to provide excess liability insurance for contractors throughout the construction industry. Andrew Robinson has been named president of the new business, effective immediately. He is based in Newton, Mass. Robinson …
From seafarers refusing to get back on ships to truck drivers whose concern over Covid-related border closures trumps the lure of higher pay, the transport industry is bracing for another roller coaster year of supply-chain disruptions. As omicron infections surge …
Global mergers and acquisitions activity attained historic highs in 2021 with 1047 deals valued more than $100 million, a significant increase from the previous year’s 674 deals, according to research completed by Willis Towers Watson. The 2021 total (for deals …
The National Safety Council (NSC) released survey findings showing that employer vaccine requirements are driving higher vaccination rates among workers. According to the survey, employer vaccine requirement led to a 20% increase in worker vaccination uptake. About 95% of workers …