Taiwanese footwear manufacturer Pou Chen Corp., which supplies to companies such as Nike and Adidas, has suspended production at its factory in Vietnam’s Ho Chi Minh City for 10 days starting July 14 due to soaring COVID-19 cases and resulting lockdowns.
U.S.-based credit rating agency A.M. Best Co. Inc. has retained its negative outlook for the Mexican insurance market over concerns related to the fallout from the COVID-19 pandemic and the limited economic response to the pandemic.
U.K.-based insurance broker Aon PLC has named Eduardo Davila as chief executive of commercial risk, health and affinity for the Europe, Middle East and Africa region, excluding U.K.
German insurer Allianz SE’s British subsidiary Allianz Holdings PLC has restructured its operations to separate commercial and personal insurance divisions in a bid to streamline operations.
Japanese company Shoei Kisen Kaisha Ltd., expects thousands of legal claims over its ship, the Ever Given, blocking the Suez Canal for six days and disrupting the global trade.
Chinese insurer China Taiping Insurance Holdings Co. Ltd. saw nearly 4% year-on-year growth in premium income to almost 112 billion Chinese yuan ($17.3 billion) in the first six months ended June 30.
Ping An Insurance (Group) Company of China Ltd.'s premium income dropped by almost 5.2% year-on-year to 422.2 billion Chinese yuan ($65.15 billion) in the first half of the year.
South African metropolitan municipality eThekwini’s Mayor Mxolisi Kaunda said that rioters caused an estimated 16 billion South African rand ($1.13 billion) worth of infrastructure and equipment damage and stock theft in Durban.
The French National Federation of Agricultural Holders' Unions estimates €3 billion ($3.6 billion) in agricultural damage from the unseasonal springtime frost that hit south France on April 8.