Franz-Josef Hahn, Chief Executive Officer, Peak Re. Post...
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EU adopts a new package of sanctions targeting Russia’s energy infrastructure
Along with a full transaction ban on two major Russian oil...
Apple loses landmark UK lawsuit over app store commissions
The Competition Appeal Tribunal (CAT) ruled against Apple after a...
Fosun said to revive sale of Hong Kong’s $1 billion Peak Re
Founded in 2012, Peak Re focuses on insurance including property and casualty, and life and health, its website shows. It has more than 580 clients across 60 markets in Asia Pacific, Europe, the Middle East, Africa and the Americas. Fosun International Ltd. has...
Google pilots new programme to protect Android users from financial fraud
"As part of a continued strategic partnership with the Cyber Security Agency of Singapore (CSA), we will launch this first pilot in Singapore in the coming weeks to help keep Android users safe from mobile financial fraud," Google said in a blogpost New Delhi: Google...
TCS expands 15-yr strategic partnership with UK’s Aviva, to service over 5.5 million policies
Doug Brown, CEO Insurance, Wealth & Retirement, Aviva said,“Extending this strategic partnership will improve how we serve our customers, further simplify our operations and support our growth ambitions. It will allow us to rationalize our systems and improve...
Crypto ransom attack payments hit record $1 billion in 2023 – Chainalysis
A report in November showed that cybercrime group "Black Basta" had extorted at least $107 million in bitcoin, with much of the laundered ransom payments making their way to the sanctioned Russian cryptocurrency exchange Garantex Payments from crypto-related ransom...
Boeing door bolts on Alaska flight were missing, says US Investigators
The incident has become the biggest crisis for Boeing since its entire fleet of Max jets was grounded worldwide in 2019 following two fatal crashes A dramatic accident on an Alaska Airlines flight last month was apparently triggered by a door plug that hadn’t been...
EU agreement on ESG Ratings seen as world’s toughest
Under the agreement, ESG ratings providers based in the EU “will need to obtain an authorization” from the European Securities and Markets Authority, the Council said A provisional agreement in the European Union setting guardrails around the ESG [environmental,...
DBS cuts CEO Gupta’s salary by 30% for digital banking outages
Piyush Gupta,Chief Executive Officer, DBS Bank’ Last year’s outages at DBS that saw payment and ATM transactions stalled across the city-state also resulted in the variable compensation for the group management committee collectively cut by 21 per cent from a year...
120 patients in Israel exposed to medication error during hospital software malfunction
Of particular concern were patient discharge documents containing incorrect prescriptions. As the ministry received similar reports from other hospitals, it ordered an investigation Tel Aviv: Knesset lawmakers briefed by Health Ministry officials on Monday were told...
WTW launches world-first parametric insurance protection for endangered South Pacific coral reef system
Sarah Conway, Director and Ecosystem Resilience Lead, WTW, said: “We are grateful to BHP for supporting the design and implementation of the first coral reef insurance programme in Fiji. Building on lessons learned from our involvement with similar initiatives in...
Consortium launched to address growing burden of lung cancer in Asia-Pacific
Lung cancer has a significant health and economic impact in the APAC region. It is the most prevalent cancer, accounting for about 1 million deaths per year, and projected to rise to over 1.8 million by 2040 SINGAPORE: On World Cancer Day, a consortium called the Asia...