Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over...
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Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60...
Berkshire Hathaway to invest $1.8 Billion in Tokio Marine
The latest deal shows Berkshire is eager to win a slice of Japan’s...
ADB expands support for Philippines’ Climate Action with $500 million loan
In recent weeks, four strong typhoons impacted the Philippines one after the other, highlighting the country’s vulnerability to increased frequency and intensity of extreme weather events. Economic damages from climate-related disasters could be as high as 7.6% of...
DHL cargo plane crashes near Vilnius Airport, One killed
“We see a more aggressive Russia, foreign partners have also spoken about it publicly, speaking about threats of sabotage acts. We can’t reject this scenario, but so far we can’t make any attributions or point fingers at anyone because there’s no such information.”...
Oak Reinsurance launches Syndicate 2843, receives Lloyd’s nods to underwrite
OAK Re is launching Syndicate 2843 in collaboration with blue chip capital providers including Bain Capital and Hampden Agencies, the largest provider of private capital to Lloyd’s. Polo Managing Agency is providing turnkey services for Syndicate 2843 LONDON: Oak...
Social media platforms urge Australia to delay ban on children under 16
The legislation would impose fines of up to 50 million Australian dollars ($33 million) on platforms for systemic failures to prevent young children from holding accounts. It seems likely to be passed by Parliament by Thursday with the support of the major parties.It...
S&P cuts India’s GDP growth forecast marginally for FY26 FY27
"In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand. While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators indicate some...
CCI rejects Apple’s request to put antitrust report on hold
The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match New Delhi: India's antitrust body...
Developing nations blast $300 billion COP29 climate deal as insufficient
The showdown over financing for developing countries comes in a year scientists predict will be the hottest on record. Climate woes are stacking up, with widespread flooding killing thousands across Africa, deadly landslides burying villages in Asia, and drought in...
AM Best maintains outlook for global reinsurance industry to positive
Property reinsurance rates and terms have been relatively stable and are unlikely to soften in the coming months, owing to the hurricane activity during this year. Life insurance remains a good source of diversification for the large global reinsurers. The global...
US regulators seek to break up Google, force Chrome sale
The proposed break-up floated in a 23-page document filed late Wednesday (Thursday AEDT) by the US Department of Justice calls for sweeping punishments that would include a sale of Google’s industry-leading Chrome web browser and impose restrictions to prevent Android...
Aon appoints Magnus Roe as global chief data and analytics Officer based in Singapore
Magnus Roe, global chief data and analytics officer, Aon This appointment is part of the firm’s strategy to advance its commercial solutions with analytical capabilities and empower clients to make better decisions SINGAPORE: Aon plc, the second largest international...