Despite potentially facing higher US tariffs than its ASEAN peers,...
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Jamaica’s insured losses from Hurricane Melissa likely to fall on reinsurers:AM Best
In its Best’s Commentary, “Jamaica's Insured Losses From Hurricane...
Starr to acquire IQUW group, set to become ninth-largest agency operating at Lloyd’s
Outside of the Lloyd’s market, Starr writes commercial non-life...
Aon acquires AI-Powered platform to help fleet & mobility clients make better, insight-driven decisions
"It is more important than ever for our fleet and mobility clients to have access to data-driven insights and tools that inform their risk and business strategies," said Jillian Slyfield, chief innovation officer at Aon DUBLIN: Aon plc, a leading global professional...
Optimism despite disruptive forces in retail sector: WTW’s Global Retail Survey
It is fascinating that despite so much commentary regarding the demise of physical retail, even purely on-line companies, see their future as including some element of physical retail space,Garret Gaughan, Head of Direct and Facultative, at WTW LONDON: Retailers are...
Life protection plan for Indian blue-collar workers unveiled in the UAE
Around 3.5 million Indians reside in the UAE, of which about 65 per cent are blue-collar workers, who form one of the largest groups of migrant workers in the UAE. In 2022, the consulate registered a total of 1,750 death cases, of which around 1,100 were workers...
Volkswagen faces lawsuits in Germany over Porsche EV battery triggering fire in cargo ship
The case was brought by half a dozen plaintiffs, including Mitsui OSK Lines Ltd., the ship’s operator, and Allianz SE, one of the insurers of the vessel, according to a spokesman for the tribunal. The plaintiffs claim that the fire originated from the lithium-ion...
Lloyd’s of London hits 35% female leadership target, says it has ‘way to go’
Lloyd’s, which employs around 57,000 people in insurance and broking firms and is aiming for gender parity by 2030, said women now made up more than 43% of the 57,000-strong workforce and that 46% of new hires were women in 2023 London: Lloyd’s of London has hit a...
Physician group asks US to make funds available to doctors hurt by Change hack
“Hospitals, pharmacies, and healthcare providers are facing an immediate – and rapidly intensifying – adverse impact on their cash flow and, ultimately, on their financial solvency,” Schumer wrote to CMS Administrator Chiquita Brooks-LaSure Influential U.S. doctors’...
Former Twitter execs sue Elon Musk for over $128 mln in severance
Elon Musk X is already facing a pair of proposed class actions claiming it owes rank-and-file workers who were laid off after Musk’s acquisition at least $500 million in severance, and a third lawsuit by six former senior managers making similar claims. X has denied...
Google apps, Facebook, Instagram face network outage
Users complained that they have been logged out of Facebook, Instagram, Gmail, YouTube accounts Many users of Gmail, YouTube and social networks Facebook and Instagram faced problems in logging into their accounts in several parts of the world, including India on...
Hacker forum post claims UnitedHealth paid $22 mln ransom in bid to recover data
The break-in at UnitedHealth's Change Healthcare unit, which has sparked disruption across the United States, has been the object of online intrigue. Blackcat claimed last week that it had stolen millions of sensitive records in the hack, only to quickly delete its...
Malayan Insurance enhances Natural Catastrophe Analytics with Moody’s RMS Risk Modeler
Andrew Hare, managing director, APAC, Moody’s RMS, said: “We are delighted to partner with Malayan Insurance as they adopt Risk Modeler. In navigating the complexities of a rapidly evolving market, (re)insurers require deep insights that offer faster analytics, deeper...