President Donald Trump The eleventh-hour deal was subject to Iran's...
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From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Risks sharpen for the global economy if oil moves above $110 or...
Google plans to introduce new mental health support features for its Gemini chatbot
The rapid explosion of tools like Gemini and ChatGPT have led to...
Aon appoints Nick Fraccalvieri as CEO of global facultative for its Reinsurance Solutions
In his new role, Fraccalvieri will be responsible for setting the strategic direction and driving the execution of Aon’s global facultative reinsurance strategy, with ceded facultative at the core of the proposition. He will also lead the development of new digital...
Bayer proposes $7.25 billion plan for all Roundup cancer cases
The plaintiffs say they developed non-Hodgkin lymphoma and other forms of cancer due to using the weedkiller, either at home or on the job. Bayer said on Tuesday its Monsanto unit had filed a proposed U.S. class settlement totaling as much as $7.25 billion aimed at...
Trump’s repeal of climate rule opens a ‘new front’ for litigation
President Donald Trump The Environmental Protection Agency is set to repeal a 2009 scientific determination known as the endangerment finding, which has been the foundation for federal climate regulations. The endangerment finding is what led the EPA to take action...
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 clients across Employee Benefits,Property & Casualty, transport-related risks, and niche international programmes London:The Ardonagh Group, one of the world’s leading independent insurance...
Rising civil unrest pushes up SRCC(strikes, riots and civil commotion) claims globally
Claims tied to SRCC — strikes, riots and civil commotion — are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies.Howden Re estimates that insured losses related to SRCC soared from...
Spain’s Map Re receives approval for its branch office in India’s GIFT City
“The authorization to operate in India means we’ll be even closer to our clients and that we’ll also be able to leverage our technical knowledge and underwriting capacity in a market with high development potential,” stated Miguel Rosa, CEO of Mapfre Re Mumbai/GIFT...
China charges former AstraZeneca regional head with “unlawful collection of personal information and medical insurance fraud”
a former executive vice president and a former senior employee of AstraZeneca charged with “unlawful collection of personal information, illegal trade and medical insurance fraud,” the company said on Tuesday. China has officially charged AstraZeneca’s former regional...
BMW recalls hundreds of thousands of cars due to a potential fire hazard
BMW said that product inspections and customer complaints revealed that the starter motor in the identified vehicles could be defective, with an increase in wear and tear in the magnetic switch after a high number of starts, making it potentially harder or impossible...
Aon appoints Joe Peiser as CEO of Risk Capital
Peiser's appointment reflects Aon's broader strategy to strengthen how the firm helps clients navigate increasing volatility by connecting risk with the most efficient forms of capital. DUBLIN: Aon plc, second largest international re/insurance broker today announced...
South Korea crypto exchange Bithumb says system flaws led to $40 billion error
The country’s second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin’s price. South Korea’s Bithumb said on Wednesday that...