Depending on exactly where Melissa hits Jamaica, total losses may...
Category:
International News
Latest
Cyclone Montha: Two dead in Andhra, crops suffer damage, CM Naidu says state minimised loss
N Chandrababu Naidu,Chief Minister , Andhra Pradesh Citing...
India-bound tanker carrying Russian crude U-turns in Baltic Sea
The vessel’s U-turn in the Fehmarn Belt occurred a week after the...
Russian Oil tanker does secret cargo switch near Singapore to dodge US sanctions
Russia has shipped about 3.4 million barrels a day of crude so far this year, valued at about $37 billion at the point of export, and working around western sanctions has been part of that The first Russian oil tanker attempting to deliver crude while under US...
Former Allianz employee pleads guilty to fraud over $7-billion funds collapse
The case stemmed from the March 2020 collapse of the German insurer’s now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private...
Issuance of CAT bonds just hit a record high
Issuance of the bonds, including non-property and private transactions, reached an all-time high of more than $16 billion in 2023. The current value of outstanding cat bonds stands at $49 billion, Artemis estimates. Crucially, last year saw relatively few weather...
AM Best revises outlook for global reinsurance industry to positive
"Demand for coverage remains strong due to heightened natural catastrophe loss activity and general economic uncertainty," said Carlos Wong-Fupuy, senior director, AM Best OLDWICK, N.J: International rating agency AM Best has revised its market segment outlook for the...
Lee Yuan Siong, group chief executive and president of AIA, becomes chairman of The Geneva Association
Lee Yuan Siong,group chief executive and president, AIA ``In every corner of the world, we are facing increasingly complex risks covering ageing, health, climate and technology'' Lee Yuan Siong ZURICH: The Geneva Association announces on Friday that Lee Yuan Siong,...
Staff warned off whistleblower hotlines, says global survey
Against a backdrop of geopolitical and economic challenges, more employees would consider dishonest behavior than two years ago. Nearly 40% of all respondents – and two-thirds of board members – said they were willing to behave unethically to improve their career or...
ECB cuts rates even as inflation fight goes on, first time since 2019
Christine Lagarde,President,ECB "We are not pre-comitting to a particular rate path," ECB President Christine Lagarde told a press conference, reading from the Governing Council's statement FRANKFURT: The European Central Bank went ahead with its first interest rate...
Climate change made deadly Brazil floods twice as likely
Factors besides climate change — such as poor flood-control infrastructure and deforestation — played a role in making the floods more destructive. But it was the interplay between climate change and El Niño, the occasional warming of the eastern equatorial Pacific,...
Google ad tech class action gets go ahead from London court
Should the claimants prove that the Alphabet Inc. unit preferred its online advertising services over competitors between January 2014 and November 2022 they estimate damages as high as £13.6 billion ($17.4 billion) The UK’s Competition Appeal Tribunal unanimously...
Gobinath Athappan to head Fairfax Asia
Gobinath Athappan, chairman and CEO , Fairfax Asia He will be appointed chairman of Singapore Re after regulatory approval Toronto: Fairfax Financial Holdings Limited (Fairfax) has announced that Gobinath Athappan has been appointed chairman and chief executive...