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Lloyd’s investigates its former CEO John Neal
John Neal,former chief executive officer,Lloyd's Lloyd’s Chairman...
India among 7 countries expected to add over 500 million city residents between 2025 and 2050: UN
Despite the global shift towards city life, towns remain (in 2025)...
Climate change is the biggest human health risk, says Africa’s disease boss
Jean Kaseya, director general of the Africa Centres for Disease Control and Prevention The threat of "a climate change-related disease becoming a pandemic and coming from Africa" was what keeps Jean Kaseya, the director general of the Africa Centres for Disease...
UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
"This is a theme we expect to see more of over the next 20 years, as more than 1,000 billionaires pass an estimated $5.2 trillion to their children," said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management Number of billionaires rose by 7% to...
UK health insurance rates to soar on surging claims-industry experts
British individual and workplace health insurers paid out a record of nearly three billion pounds ($3.74 billion) for claims in 2022, an ABI spokesperson said. Employers are enthusiastic about offering health cover, as delayed treatment can lead to sickness and...
Finance and insurance sector jobs most affected by adoption of AI:UK Report
Management consultants were singled out as the occupation most exposed to any of the 10 AI applications included in the study, from image recognition to language modeling or translation. The technology is most likely to transform professional roles such as lawyers,...
First bond to insure against cyber attacks issued
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
After Munger’s death, Berkshire succession comes into focus
Ajit Jain,Vice Chairman, Insurance Operations, Berkshire Hathaway Charlie Munger's death, on Tuesday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Warren Buffett's top...
‘China slows, India grows’: S&P pegs 7% GDP growth for India by 2026
In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. New Delhi: India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global...
Allianz and Dutch development bank back $1.1 bln sustainable loans fund
The fund will co-invest in a portfolio of about 100 loans targeting the energy, financial and agribusiness sectors to help developing countries meet three SDGs – boosting economic growth, equality, and fighting climate change Allianz Global Investors and Dutch...
Indonesian court papers reveal chain of events that led to cough syrup deaths
Cough syrup contamination in several mostly developing countries has sparked criminal investigations, lawsuits and a surge in regulatory scrutiny worldwide Indonesian court documents have revealed for the first time the chain of events that led to toxic ingredients...
US warns of evolving threats to ships sailing in Red Sea
Most insurers already charge extra premiums for sailing through those waters and those charges could increase further if the attacks continue, according to Munro Anderson, head of operations at Vessel Protect, a specialist marine war risks underwriter A spate of...