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Russia Court Suspends Corporate Rights of Alfa Bank Entities, Including Insurance Arm

A Russian court on Monday suspended the corporate rights of the Cyprus-registered holding companies of private lender Alfa Bank and its insurance arm Alfastrakhovanie, according to a court filing. The finance ministry earlier said that “anti-Russia” sanctions against these entities …

Mon May 13, 2024 13:41
PoloWorks Launches Managing General Agent Incubator

PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established MGAs ranging from support with their formation to …

Mon May 13, 2024 13:41
Brazil Braces for More Rain as Historic Flood Damages Mount

The south of Brazil is preparing for the arrival of new rains and colder temperatures that threaten to deepen a crisis created by the historic floods that have deluged the region. As much as 300 millimeters (11.8 inches) of rain …

Mon May 13, 2024 12:42
Suspected Pirate Attack in Gulf of Aden Raises Concerns About Growing Somali Piracy

A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through the Gulf of Aden, officials said, likely part of a growing number of piracy attacks emanating from Somalia. The attack …

Mon May 13, 2024 11:43
Western Canada Wildfires Prompt Evacuations, Air Quality Warnings

The season’s first major wildfires have spread to roughly 10,000 hectares (24,710 acres) across Western Canada on Sunday as authorities issued an evacuation order for a community in British Columbia and warned of poor air quality across provinces. In British …

Mon May 13, 2024 10:44
Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report

LUBBOCK — A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed Wednesday. And other poorly maintained power equipment sparked …

Mon May 13, 2024 09:44

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