“Uber’s discriminatory conduct has caused significant economic,...
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Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the...
Disasters damage $12.7 Billion of African Infrastructure annually
“Climate change is expected to increase the impact of disasters on...
Inflation worries continue for US Fed, no policy rate cut for sixth time
Fed Chair Jerome Powell Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the "greater confidence" needed for them to kick off interest rate cuts Washington: The U.S. Federal Reserve held interest...
Bermuda insurer credit profiles supported by BMA regulatory reforms: Fitch
The Bermuda life insurance market has grown rapidly. Assets increased to $1.1 billion as of YE2022 from $496 million in 2018, and the number of life insurance licenses increased 10% over the same period to 180. This growth has been driven by its economic-based regime,...
Walmart to shut all health clinics in US over lack of profitability
"Healthcare is expensive to run. We were finding that the increased labor and operating costs environment, like with reimbursement, both public and private, made it difficult (to run the business) and obvious we had to close," Walmart spokeswoman Marilee McInnis told...
Africa Specialty Risks launches ASR Syndicate 2454 at Lloyd’s
Currently, only 2% of Lloyd’s business comes from Africa, something which ASR Syndicate 2454 is strategically placed to expand. ASR began underwriting in February 2021, with the explicit aim of closing the insurance gap in Africa and facilitating international...
UK’s Nationwide stops lending to some homes over flood risk
Nationwide Building Society uses mapping technology to identify which individual homes are vulnerable to flooding, Nationwide Head of Property Risk Rob Stevens said in an interview. The company will decline to make a loan to purchase a property it deems to be at high...
DUAL launches new capability in title insurance in Australia & New Zealand
The primary focus will be (i) real estate transactions involving commercial real estate located in Australia, New Zealand, Hong Kong and Singapore and (ii) M&A transactions involving target companies and trusts across markets including Australia, New Zealand, Hong...
AstraZeneca acknowledges potential link between vaccine and rare blood clots in UK court
The Daily Telegraph' reports that in a legal document submitted to the High Court in London in February for a group action being brought by 51 claimants, AZ admitted that the vaccine developed with the University of Oxford to protect against COVID-19 may cause...
WHO says bird flu risk currently low, asks countries to remain vigilant
The UN-agency said countries should implement infection control measures and procedures to reduce human exposure to birds and mammals potentially infected with bird flu or other animal influenza viruses There is a risk that the H5N1 bird flu virus, present in many...
Houthis attack four ships in Indian Ocean, Red Sea
In March, the group's leader said the group was expanding its attack area to prevent Israel-linked ships from passing through the Indian Ocean toward the Cape of Good Hope Yemen's Houthis said they targeted the MSC Orion container ship in a drone attack in the Indian...
Nearly half of China’s major cities are sinking, researchers say
Subsidence already costs China more than 7.5 billion yuan ($1.04 billion) in annual losses, and within the next century, nearly a quarter of coastal land could actually be lower than sea levels, putting hundreds of millions of people at an even greater risk of...