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US-Iran peace talks end without a deal as delegations leave Pakistan
"The bad news is that we have not reached an agreement, and I think...
Shipowners rushing for insurance cover to transit Strait of Hormuz
The Strait of Hormuz remained largely blocked as shipowners try to...
Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...
Ecuador contracts first parametric insurance for 10k climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support
The two parametric products — for extreme rainfall and drought-risk — were designed by IDF member insurance organizations AXA Climate, Guy Carpenter México Intermediario de Reaseguro S.A de C.V and Blue Marble, in partnership with the MAGP and with local insurer...
AIA Australia deploys SCOR’s VClaims
Tracey Crowe, General Manager for Claims and Underwriting at AIA Australia, commented,“We are always looking for opportunities to deliver simpler, faster and more connected experiences and services to the members of our fund partners. There is no question that the...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is evolving at pace, and clients increasingly expect brokers to provide clear, quantitative insights. With CyberCube’s platform, we can enhance the sophistication of our analytics, improve the clarity of...
Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This acquisition marks an important milestone for Swiss Re Corporate Solutions. It allows us to expand our offering in this attractive segment by strengthening our global credit and surety platform with a...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...
South-South Cooperation:High-level Kenyan delegation visits India to learn about AB PM-JAY
(Lto R)Dr. Gregory Ganda, County Minister for Health, Kisumu County and Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority in New Delhi Since its launch in 2018, PM-JAY has enabled over 11.6 crore (116 million) hospital admissions worth more than...
Environmental groups challenge decision to revoke basis of climate regulations
US President Donld Trump has said he believes climate change is a hoax, and has withdrawn the United States from the Paris Agreement, leaving the world’s largest historic contributor to global warming out of international efforts to combat it in addition to killing...
AI:ERGO aims to cut about 1,000 positions in Germany
The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said on Tuesday. They will take place over five years through the end of 2030, with ERGO saying there will be no forced redundancies during this time. Munich Re’s primary...
HDI Global launches new global strategies for expanding international footprint
Edgar Puls, CEO of HDI Global. HDI Global will sharpen its international footprint in selected regions and open new markets. A key focus is North America, as well as dynamic growth regions such as South East Asia and the Middle East Hannove:HDI Global aims to further...