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7 01, 2022

Airbus Faces €300 Million Lawsuit From Group of Investors Over Bribery Scandal

By | January 7th, 2022|Uncategorized|Comments Off on Airbus Faces €300 Million Lawsuit From Group of Investors Over Bribery Scandal

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 …

7 01, 2022

Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer

By | January 7th, 2022|Uncategorized|Comments Off on Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer

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 …

7 01, 2022

Qatar Airways Seeks More Than $600M in Dispute Over Airbus A350’s Surface Flaws

By | January 7th, 2022|Uncategorized|Comments Off on Qatar Airways Seeks More Than $600M in Dispute Over Airbus A350’s Surface Flaws

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 …

7 01, 2022

Supreme Court Weighs Bids to Block Biden Vaccine Mandates Today

By | January 7th, 2022|Uncategorized|Comments Off on Supreme Court Weighs Bids to Block Biden Vaccine Mandates Today

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 …

7 01, 2022

More South Carolina Earthquakes Leave Experts Puzzled

By | January 7th, 2022|Uncategorized|Comments Off on More South Carolina Earthquakes Leave Experts Puzzled

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, …

7 01, 2022

Patriot Growth Insurance Adds Six Agencies in Florida

By | January 7th, 2022|Uncategorized|Comments Off on Patriot Growth Insurance Adds Six Agencies in Florida

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, …

7 01, 2022

Berkley Forms Excess Liability Unit for Contractors; Names Starr’s Robinson President

By | January 7th, 2022|Uncategorized|Comments Off on Berkley Forms Excess Liability Unit for Contractors; Names Starr’s Robinson President

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 …

7 01, 2022

Transport Industry Expects Continued Staffing Woes as Concern Over Omicron Spreads

By | January 7th, 2022|Uncategorized|Comments Off on Transport Industry Expects Continued Staffing Woes as Concern Over Omicron Spreads

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 …

7 01, 2022

Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW

By | January 7th, 2022|Uncategorized|Comments Off on Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW

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 …

7 01, 2022

Safety Council Finds Employer Vaccine Mandates Boost Worker Vaccination Rate 20%

By | January 7th, 2022|Uncategorized|Comments Off on Safety Council Finds Employer Vaccine Mandates Boost Worker Vaccination Rate 20%

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 …