Moscow demands discounts of at least 50% on foreign asset sales and...
Category:
International News
Latest
Lloyd’s of London swings to $13.5 billion profit in 2023
“We’ll continue working with our market to deliver consistent...
Baltimore bridge collapse could result in ‘one of the largest marine losses in history’: Lloyds of London CEO
``If you look at it from a marine point of view, this could be one...
China’s latest EV is a ‘connected’ car from smart appliance maker Xiaomi
The combined share of EVs and hybrids in China's auto sales is likely to reach 42 per cent to 45 per cent this year, up from 36 per cent in 2023, according to Fitch Ratings. But the agency said in a December report that the competition could put pressure on...
India’s Disaster Management Authority head appointed UN Asst Secretary-General
Kamal Kishore, UN Assistant Secretary-General with the disaster risk reduction portfolio Kishore brings to the position nearly three decades of experience in disaster risk reduction, climate action and sustainable development at the global, regional, national and...
Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer
Claims could total up to $4 bln, record for shipping disasterInsurance lines affected include property, marine, liabilityInternational Group of P&I marine insurers have reinsurance cover of $3.1 blnAXA lead reinsurer on first layer of IG reinsurance...
Titanic Law helps ship owner limit bridge collapse liability
A key to determining any insurance claims will be proving whether the accident was caused by negligence, and if so by whom, or mechanical failure, according to Bloomberg Intelligence. The ship is insured by the Britannia Protection and Indemnity Club, which is a...
SEC ramps up hack probe with focus on tech, telecom companies
The probe — aimed partly at determining what the companies may have known but didn’t disclose — follows a landmark lawsuit the SEC filed in October against SolarWinds Corp., claiming it failed to maintain adequate controls and defrauded investors by downplaying...
FBI says Alaska Airlines passengers are possible ‘crime victims’
“A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time. A victim of a federal crime is entitled to receive certain services,” the letter stated. The Federal Bureau of Investigation(FBI) has...
Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit
“The creation of a dedicated cyber and digital business unit allows us to create consistency and the best possible capacity for our clients and business partners.For insurtechs and many clients seeking cyber risk protection, we are already the trusted reinsurance...
New record of 142 global Nat Cat events globally, USD108 billion insured losses in 2023: Swiss Re
Moses Ojeisekhoba, Swiss Re's CEO Global Clients & Solutions, says: "As weather hazards intensify due to climate change, risk assessment and insurance premiums need to keep up with the fast-evolving risk landscape. Looking ahead, we must focus on reducing the loss...
Mumbai overtakes Beijing to become Asia’s new billionaire capital
Leading the Indian billionaire list is Mukesh Ambani, the chairman of Reliance Industries, with a staggering net worth of $115 billion. Closely following is Gautam Adani, the founder of the Adani Group energy conglomerate, with assets valued at $86 billion, marking a...
Cargo ship hits Baltimore’s Key Bridge, bringing it down, Rescuers are looking for people in water
The ship crashed into one of the bridge’s supports, causing the structure to break apart like a toy. It tumbled into the water in a matter of seconds — a shocking spectacle that was captured on video and posted on social media. The vessel caught fire, and thick, black...