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AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property...
Trump’s Greenland threat puts Europe Inc back in tariff crosshairs
The shock move has rattled through industry and sent shockwaves...
AXA Insurance announces strategic name change of “XL Re China” to “AXA International Re”
By leveraging data, pricing strategies, and market expertise, AXA International Re is now in a very good position and will focus on developing products and pricing, offering a wider range of reinsurance solutions to its clients in the mainland Chinese market HONG...
Singapore lawmakers amend bill to stop Allianz’s insurance deal
The move comes two days after the government — in a rare move — said it wouldn’t be in the public interest for the Income Insurance Ltd. transaction to go ahead in its current form. It wasn’t satisfied the firm can continue to fulfill its social mission as a...
Chinese cyber association calls for review of Intel products sold in China
The industry group goes on to state that operating systems embedded in all Intel processors are vulnerable to backdoors created by the U.S. National Security Agency. Intel Corp. products sold in China should be subject to a security review, the Cybersecurity...
Sompo appoints Maya Dongyoung Lee as chief operating officer, Asia Pacific
Maya Dongyoung Lee as Chief Operating Officer, Asia Pacific, Sompo In her new role, Lee will be responsible for leading Sompo’s APAC operations, including operational excellence and resilience, transformation and project management, and building its operational...
Meta to be sued as US states’ claims it hooked kids on platforms
The attorneys general have alleged that despite research showing Facebook and Instagram use is associated with depression and other mental health issues, Meta won’t remove the platforms’ harmful features Meta Platforms Inc must face a lawsuit by dozens of state...
APAC reinsurers’ stable pricing in 2024 backed by adequate capacity, says Fitch
``We believe reinsurers can maintain profitability through rigorous risk selection and disciplined pricing amid rising competition, regulatory changes, climate impact and economic risks,'' said Fitch Jakarta: The APAC reinsurance market’s pricing in 2024 is stable due...
Climate change to have severe impact on health emergency services globally: Study
Across all the focus group responses, the top three major risks were pollution, flooding and heatwaves. Three minor risks were cold spells, wildfires and vector-borne diseases, such as malaria Copenhagen: Climate change is likely to have a severe impact on health...
Bridge Specialty International completes acquisition of Singapore-based Acorn International Network
Tim Coles, Chief Executive Officer of Bridge Specialty International, said: “This acquisition establishes us in the Singapore insurance market, further expanding our Asia presence and enabling us now to build a leading wholesale and specialty hub in the region. David...
US sanctions Indian company for involvement in ‘Ghost Fleet’ transporting Iranian oil
Under the sanctions imposed on Gabbaro, all property and any in which it has interests are frozen in the US and this applies also to persons or entities with more than 50 per cent interest in the company, the State Department notification said New York: The United...
‘Severe’ solar storm arrives at Earth
This storm could impact ongoing recovery efforts for hurricanes Helene and Milton in several critical ways, including communication disruptions, power grids stress, and degraded GPS services, according to NOAA Los Angeles: A powerful solar storm arrived at Earth on...