TDB — together with the African Export Import Bank — has found...
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Swiss Re tackles longevity drug impact with life policy advice
Metformin, traditionally used to manage type 2 diabetes, and...
Hiscox unveils a new sexual molestation liability cover
The sexual molestation liability (SML) product will also cover...
Heatwaves and high temperatures threatening young lives in South Asia: UNICEF
UNICEF estimates that 76 per cent of children under 18 in the region - 460 million - are exposed to extreme high temperatures where 83 or more days in a year exceed 35° Celsius UN News: Three-quarters of children in South Asia are already exposed to extreme high...
Ukraine’s drone attack yet to jolt insurance for Black Sea oil carriers
As of Monday, the extra insurance premium ships pay when entering risky areas was stable compared with levels prior to the weekend attack, according to two people familiar with the market. The figure is closely watched by traders and shipowners alike for whether it...
Britain to create new regime to deal with insurance failures
In Britain, insurance company collapses currently come under modified UK company insolvency arrangements, which the finance ministry said may be less effective for an industry with 2.7 trillion pounds ($3.45 trillion) in assets London: Britain said on Wednesday it...
El Niño could have a significant impact on renewable energy production, WTW report
``Developers must carefully plan and factor the various worst-case scenarios into their risk model to ensure new projects are commercially viable going forward. There are also innovative insurance tools available such as parametric solutions that can provide revenue...
Musk’s X to pay legal bills of people ‘unfairly treated’ for posting on platform
"And we won't just sue, it will be extremely loud and we will go after the boards of directors of the companies too," Elon Musk said later in response to a post about nothing changing behavior in the U.S. faster than a threat of legal action Elon Musk has said his X...
Profits at Warren Buffett’s firm reach USD 36 billion as stocks surge and its insurance holdings perform well
Warren Buffet,chairman and CEO of Berkshire Hathaway Underwriting profits at Geico rebounded to USD 514 million as it raised premiums on its auto insurance customers by an average of 16 per cent and continued to cut back on its ubiquitous lizard ads while paying out...
Heat and wildfires put southern Europe’s vital tourism earnings at risk
US.-based climate technology startup Sensible Weather is developing insurance that would compensate people if extreme heat wrecks their holiday It's rolled out “weather guarantee” coverage to travel companies in the UK, France and the US, which pays travellers if...
Japan casualty insurers sink on concerns over suspected price fixing
The allegations first came to light in June, when the insurers were said to have tried to set premiums for railway operator Tokyu Corp. The Financial Services Agency ordered them to submit a report on the matter, amid questions over whether the suspected collusion was...
Romania bids to clear Danube logjam after Ukraine attack, insurers impacted
Ukraine will insure ships that import and exports goods through the Danube and is considering the possibility of providing cover for ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal...
UK govt attempts to bolster security of critical energy infrastructure
Energy and climate have risen up the political agenda following Russia’s invasion of Ukraine and the cost-of-living crisis, with critics warning that the UK has failed to invest sufficiently to enhance energy independence. The register also details risks such as...