Balz Grollimund, Swiss Re's Head Catastrophe Perils, says: "We are...
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Cyclone Ditwah causes nearly Rs 75 billion damage to Sri Lanka’s infrastructure
It was pointed out that some 316 roads and 40 bridges under the...
Malaysia’s largest online insurance aggregator mulls IPO in next two years
The success of Ant Group Co., the operator of China’s ubiquitous...
Howden launches climate-focused parametric insurance unit
The global market for parametric insurance is expected to reach $29.3 billion by 2031, analysis from Allied Market Research showed, up from $11.7 billion in 2021 London: UK-based insurance broker Howden said on Tuesday it had created a new unit to focus on climate-...
EU banks told to review clients in historic ESG crackdown
Global banking and financial stability organizations are all reviewing reporting and capital frameworks, though none has moved as fast as the EU in setting firm requirements. The Basel Committee on Banking Supervision expects to publish a proposed framework for...
Deadly Indonesian cough syrup was almost pure toxin, court papers show
The criminal case comes as efforts grow worldwide to tighten oversight of drug supply chains after a wave of poisonings linked to contaminated cough syrups that killed dozens more children in countries such as Gambia and Uzbekistan An Indonesian drugmaker whose cough...
Cat bond market is defying the global selloff with record returns
Big reinsurers like Swiss Re and Munich Re, as well as some real-economy companies, have increasingly looked to cat bonds as they try to protect themselves from once-in-a-lifetime disasters. In July, Blackstone Inc. turned to cat bonds to shield property assets from...
Howden launches world first insurance innovation hub with £500m of delegated underwriting capacity
As new funding for the global insurtech sector continues to fall following the collapse of Silicon Valley Bank, Howden Ventures has initially committed £10m of new funding to the sector, with a view to support at least five new startups over the next two years London:...
Multilateral development banks provide record climate finance
``But we need to do more. In Asia and the Pacific, home to many of the most climate-vulnerable countries, we will need to mobilize significant amounts of private sector finance to move from the billions to trillions required to cut greenhouse gas emissions and...
FM Sitharaman urges private sector to come forward and support SDGs
For the first time, during India's G20 Presidency, the agenda of Sustainable Finance has been extended to cover financing for SDGs, in addition to Climate Finance, Finance Minister Nirmala Sitharaman said Marrakesh: Finance Minister Nirmala Sitharaman on Saturday...
Hackers hit aid groups responding to Israel and Gaza crisis
"There's a lot of DDoS attacks happening now, focused on services that people are looking for: rescue services, telco, government services, media – anything that people need at this time," said Gil Messing of cybersecurity firm Check Point. Most websites bounce back...
EU industry chief warns Alphabet CEO on tech rules compliance after Hamas attack
EU industry chief Thierry Breton reminded Alphabet Chief Executive Officer Sundar Pichai in a letter posted on social media platform X, formerly known as Twitter, of the company's obligations set out in the Digital Services Act (DSA) which requires very large online...
Israeli cybersecurity professionals band together amid Gaza war
Israeli information security professionals are banding together to provide free cybersecurity services to Israeli companies amid a spike in hacktivist activity sparked by the war in Gaza, volunteers said Israel’s tech industry is, like the country as a whole, in flux,...