International News

Trump’s Iran withdrawal has oil shippers in limbo over insurance

Non Life-News       May 13, 2018

  London: Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the country.   The return of sanctions is likely to have...

AIG shareholders approve $43 million pay package for CEO

Non Life-News       May 10, 2018

  NEW YORK : American International Group Inc (AIG.N) said shareholders approved a $43.1 million pay package for 2017 for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday.   A nonbinding resolution to endorse the executive compensation passed with a majority of votes...

Wu Xiaohui ,former chairman of China’s Anbang Insurance Group Co Ltd

China sentences Anbang's ex-boss to 18 years in jail

Non Life-News       May 10, 2018

  Beijing:  The former chairman of China’s Anbang Insurance Group Co Ltd has been found guilty of fraud and embezzlement and sentenced to 18 years in prison, three months after the state seized control of an insurer famed for buying New York’s Waldorf Astoria hotel. Wu...

Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking

Pension       May 09, 2018

  NEWARK, N.J: Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE: PRU), and Pension Insurance Corporation plc (PIC), have struck their sixth longevity reinsurance transaction since 2015. The Prudential Insurance Company of America (PICA) assumes the longevity risk for £900 million (about $1.2 billion) in...

AIG shareholders set to vote on pay package for new CEO

Non Life-News       May 08, 2018

  NEW YORK:  American International Group Inc (AIG.N) faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday.   Two influential proxy advisory firms, International Shareholder Services (ISS) and Glass...

Allianz's climate protection package to catalyse a low-carbon economy

Non Life-News       May 04, 2018

  Munich, Singapore: The Allianz Group is significantly expanding its climate strategy and has announced commitments to actively support the global change to a low-carbon economy over the coming decades.    By 2040, in a step by step process, Allianz will have phased out both its proprietary...

Swiss Re CFO says SoftBank talks still on but no clear sign of deal

Reinsurance       May 04, 2018

FRANKFURT: Swiss Re on Friday said it was still in discussions with SoftBank (9984.T) about the Japanese group potentially taking a stake in the reinsurer but that a deal was not a sure thing.   “We continue to be in discussions with SoftBank,” John Dacey, Swiss...

More than 90 per cent people in the world breathing polluted air

Health       May 02, 2018

  GENEVA: More than 90 percent of the global population is breathing in high levels of pollutants, the World Health Organization said Wednesday, blaming poor air quality for some seven million deaths annually.   Fresh data from the UN health body showed that every corner of the...

Twitter also sold data to Cambridge Analytica researcher: Report

Risk Management       Apr 30, 2018

  LONDON: After Facebook, another major social media outlet Twitter has now been caught up in the data scandal involving Cambridge Analytica, the British political consulting firm which collected the data of nearly 87 million Facebook users without their knowledge and permission, according to a media...