This debt fund will invest in small to medium-sized commercial...
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Susan Panuccio to join Howden as Group Chief Financial Officer
Susan Panuccio, Group Chief Financial Officer-designate, Howden...
Marsh McLennan and its businesses will brand as Marsh
Creates a new unit, Business and Client Services (BCS), to...
COVID and beyond: labs unite to boost genomic surveillance globally
In genomic surveillance, scientists first get data about the genetic material of a virus or organism in a process called sequencing. Then they analyse the data from several samples to look for similarities and differences between them, for example to track how the...
Italy, EU’s oldest country, to spend more on the elderly
Among several measures, the package envisages a so-called monthly "universal benefit" of 1,380 euros to support poor people over 80 with "very severe welfare needs", a government document showed Rome: Italy's government said on Thursday it would introduce a new...
New UN database to help countries tap climate ‘loss and damage’ fund
Given the limitations of current databases, UNDRR is collaborating with the World Meteorological Organization (WMO) and the United Nations Development Programme to create a new global "disaster losses and damages" tracking system. It will replace the existing UNDRR...
MS Amlin completes world-first Singapore ILS renewal
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also exploring other Singapore-based risk transfer solutions to support global investors, increase insurance capacity in Asia, and help close the region’s insurance protection gap” SINGAPORE: MS Amlin, the...
Reinsurers’ underwriting margins to peak in 2024,says Fitch
Fitch also forecasts an improvement in underlying profitability for the global reinsurance sector in 2024 on continued strong underwriting margins and rising investment income, and is maintaining its improving fundamental sector outlook Frankfurt /Chicago: Reinsurers’...
Amazon closes UK insurance site
"Over the last year we have been evaluating various businesses and programmes, and as a part of that we’ve made the difficult decision to discontinue the Amazon Insurance Store," Amazon said in a media statement, adding that customers who bought policies would not see...
Red Sea turmoil sends economic shockwaves far and wide
According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
Boeing to pause 737 production for quality stand down on Jan 25
During the stand down, employees will attend quality workshops and “pause, evaluate what we’re doing, how we’re doing it and make recommendations for improvement,” said Boeing Commercial Airplanes President Stan Deal WASHINGTON: Boeing will hold a quality stand down...
Australia imposes sanctions on Russian hacker over Medibank breach
This is the first time Australia has used its cyber sanctions framework since legislating it in 2021. The sanction makes it a criminal offence, punishable by up to 10 years in jail and fines Australia on Tuesday imposed cyber sanctions on a Russian man for his role in...
Global watchdog to report in October on how social media fuels bank runs
Depositors pulled $42 billion from Silicon Valley Bank in just 10 hours. FSB Secretary General John Schindler said the watchdog is looking at how have deposit dynamics changed, what role has social media played, and what role has new technology played now that...