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Boeing 787’s emergency-power system likely active before Air India crash, WSJ reports
The preliminary finding raise questions about whether the plane's...
Battery Ventures invests in Descartes Underwriting
“Over the past six years, Descartes has established itself as the...
Global companies to hike security spending as threats rise, survey shows
Allied Chief Executive Steve Jones told Reuters that while much of the fraud, counterfeiting and loss of intellectual property was driven by financial gain, some internal leaking of sensitive information was motivated by social causes LONDON: Almost half of security...
China relaxes rules for insurers to invest in stock markets
In addition, the watchdog reduced the risk weighting it assigns to investments in Real Estate Investment Trusts (REITs), which in China channel money mainly into infrastructure projects Beijing: China’s financial regulator on Sunday reduced the risk weighting it...
Howden Tiger and Conning release research on the rise of asset-light insurance structures
David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Tiger said, “The numbers are revealing; premiums underwritten by non-affiliated US MGAs have more than doubled since 2018, rising to $33 billion in 2022. It is evident that asset-light structures...
UK to provide USD 2 billion to Green Climate Fund
'The UK is stepping up and delivering on our climate commitments, both by decarbonising our own economy and supporting the world's most vulnerable to deal with the impact of climate change,'' Sunak said, addressing the G20 leaders. New Delhi: The UK on Sunday said it...
Morocco survivors seek aid as earthquake toll passes 2,100
The government said on Sunday it has set up a fund for those affected by the earthquake. Survivors of Morocco's deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote villages...
Philips to pay at least $479 million for Apnea machine cases
The machines are designed to force extra air down users’ throats to treat obstructive apnea – an ailment that interferes with proper sleep and can cause fatal heart problems. U.S. Food and Drug Administration officials have said they’ve linked 385 deaths to...
Constructive collaborations and client centricity will be key to successful negotiations
The rebound in the ILS market in 2023 has seen it now contributing a record $100 billion in risk transfer capacity, thereby acting as a key supply-side driver in the property catastrophe space. Within the ILS sector, catastrophe bond issuance set a 1H record, having...
Global crypto regulations focus at G20 summit
Regulations are expected to help investors harness the potential benefits of crypto-assets while mitigating associated risks by addressing security, consumer protection, financial stability and international cooperation issues Kualalumpur: Ongoing crypto market...
Global fears are feeding demand for re/insurance: Lloyd’s CEO
John Neal,Chief Executive Officer,Lloyd’s of London Rising inflation, recession worries, climate threats and geopolitical tensions are making individuals and businesses more wary of risks, according to the head of the insurance exchange. While in a normal year...
13 million people live with vision impairment linked to their work: ILO report
“The ILO stresses the importance of protecting workers’ safety and health – including their eyes. By prioritizing eye health awareness and effective implementation, we can make sure workers have access to a safe and healthy working environment. This ensures their...