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Ardonagh continues expansion in Asia, acquiers Hong Kong’s Risk Management Insurance Brokerage
Founded in 1996, RMIB has built a business in Hong Kong, advising...
Rising civil unrest pushes up SRCC(strikes, riots and civil commotion) claims globally
Claims tied to SRCC — strikes, riots and civil commotion — are...
WHO members approve steps to bolster health regulations for pandemics
Yuanqiong Hu, a senior legal and policy advisor at Doctors without Borders, said that the changes adopted Saturday include "important provisions addressing equity in access to health products during global health emergencies". Geneva: The World Health organisation...
MS Amlin forecasts “substantially above average” hurricane activity
“The insurance industry can help people and businesses to absorb climate blows, but only if pricing adequately reflects the escalating risks of stronger, more destructive hurricanes in a warming world. Investing in sophisticated catastrophe modelling and research will...
EU may sanction Russia’s Ingosstrakh Insurance
The G-7 price cap on Russian crude oil and petroleum products bans western shipowners, insurers and intermediaries from providing vessels and services for cargoes priced above the thresholds. The restrictions prompted a pivot away from western insurance and a need for...
China poised to impose a record fine on PwC
PwC faces a fine of at least 1 billion yuan ($138 million), the people said. That would exceed the previous record fine for an accounting firm, the 212 million yuan handed out to Deloitte Touche Tohmatsu Ltd. in 2023 China is poised to impose a record fine on...
1st June Renewals: Moderated risk-adjusted property-catastrophe reinsurance pricing, says Howden Re
Risk-adjusted property-catastrophe rate-on-line 5% lower on averageDedicated sector capital now exceeds 2021 levelsA notable increase in insurance-linked securities (ILS) market activity with over USD 3 billion of issuance covering Florida perils year-to-date LONDON:...
Lloyd’s and Bermuda Monetary Authority to foster innovation and education access
``This joint agreement will ensure we share the knowledge and expertise needed to deliver the products and solutions to tackle our customer’s challenges and support the growth ambitions of our markets in the years to come” London: Lloyd’s, the world’s leading...
20th SIRC: Swiss Re new group CEO Andreas Berger to address the event, to be held from 4 to 7 Nov
Promising thought-provoking discussions, SIRC 2024 will delve into the diverse trajectories required to reshape itself to be climate resilient while looking at the transformative possibilities of artificial intelligence (AI) automation and its pros and cons for the...
Life insurance set to boom as interest rates surge, says Swiss Re
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
India and Bangladesh brace for year’s first cyclone
According to the Indian Meteorological department, 'Remal' has intensified into a severe cyclonic storm and is poised to make landfall between Bangladesh and the adjoining West Bengal coasts by midnight on Sunday, with sustained wind speeds ranging from 110-120 km per...