Shipping traffic passing through the crucial waterway at the...
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President Trump and his team discusing Iran’s proposal to end war
The proposal sent by Iran outlines a framework to reopen the Strait...
Moody’s upgrades Peak Re’s rating to A3 with Stable Outlook
We are now even better positioned to act as a strategic partner,...
Biden signs Social Security measure to expand benefits for some retirees
President Joe Biden "The bill I'm signing today is about a simple proposition: Americans who have worked hard all their lives … should be able to retire with economic security and dignity," Biden said. "That's the entire purpose of the Social Security system crafted...
A top climate group for banks and asset managers is making changes
While GFANZ has grown in prominence — it now has more than 700 members — it also has become a target of US Republicans who accuse such alliances of functioning as anti fossil-fuel cartels. Such accusations have coincided with an increase in investigations and lawsuits...
Biden to permanently ban new offshore oil and gas exploration in some US coastal waters
US President Joe Biden The move is certain to complicate President-elect Donald Trump’s ambitions to drive more domestic energy production. Unlike other executive actions that can be easily undone, Biden’s planned declaration is rooted in a 72-year-old law that gives...
US surgeon general urges cancer warnings for alcoholic drinks
U.S. Surgeon General Vivek Murthy said alcohol consumption increases the risk of at least seven types of cancer, including breast, colon and liver cancer, but most U.S. consumers remain unaware of this. The Surgeon General's advisory said alcohol is responsible for...
Morgan Stanley to leave sector climate coalition
"These exits reveal the inadequacy of voluntary commitments and underscore the urgent need for state-level leadership and regulation," Vanessa Fajans-Turner, executive director of Environmental Advocates NY, said in a statement LONDON: Investment bank Morgan Stanley...
2 dead and 19 injured in Southern California plane crash
The people who died were believed to have been on the plane, while those injured were inside the building. The deceased victims will be identified after officials have contacted the next of kin, the Fullerton Police Department said in a statement FULLERTON, Calif: Two...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near or below 90% and a low-teens ROE for 2024. Not only have reinsurers' operating and performance ratios improved but so have aggregate balance sheet metrics, providing some context around how quickly and...
Jan 1 renewals see softening of reinsurance pricing, favourable market conditions to persist in 2025: Howden
After an extended period of rate increases across the (re)insurance sector – driven by accumulating and intersecting crises, capital constraints and cyclical adjustments – the availability of deployable capacity in the marketplace signals a new phase in the cycle,...
LIC remains 4th largest global life insurer in S&P’s latest ranking
Published a week back, S&P has Allianz SE, ($807 billion, 4.8%), China Life Insurance Co. ($685 billion, 3.9%) and Ping An Insurance (Group) Co.($686 billion,13.3 %) of China Ltd. as the three largest life insurance companies in the world, according to a ranking...
Brazil says workers at China’s BYD site are victims of human trafficking
The investigation also brings unwelcome attention to BYD when it is seeking to expand globally after having gained dominance in China, the world’s largest auto market, where it now takes up more than a third of the market of EVs and plug-in hybrids Chinese workers at...