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Flights again halted to Israel after Houthi missile lands near airport
Following a ceasefire deal with Palestinian militant group Hamas in...
Warren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
Berkshire's insurance division has grown to include Geico, General...
Lloyd’s Register drops ships of top Indian carrier of Russian oil
A major U.S. insurer, the American Club, also told Reuters it was no longer providing cover for Gatik ships, while Russian insurer Ingosstrakh said it would not work with Gatik in future Lloyd’s Register has told India’s Gatik Ship Management, which has become a major...
Climate change will speed up inflation in next decade, says ECB
Climate change poses risks to price stability by having an upward impact on inflation,” said the researchers Maximilian Kotz, Friderike Kuik, Eliza Lis and Christiane Nickel. That would “place global incomes under pressure from rising prices and could impact inflation...
Carney’s climate alliance sounds alarm on “political attacks” on insurers
"These political attacks are now interfering with insurers’ independent efforts to price climate risk, which will harm policyholders, main street investors and local economies," a spokesperson for GFANZ, a United Nations-backed coalition of financial institutions...
WTW unveils new financial product to protect intangible assets
An intangible asset is one that is not physical in nature but one that can hold significant value, and which can be created, transferred, bought or sold. Typical examples of intangible assets include intellectual property rights such as patents, trademarks, and...
America ages faster as baby boomers push nation’s median age to almost 39, fewer children are born
“In the short run, the crisis of work-family balance, the lack of affordable child care, stresses associated with health care, housing, and employment stability, all put a damper on birth rates by increasing uncertainty and making it harder to decide to have and raise...
UN says U.S. concerns have led to insurers quitting climate alliance
Reinsurer Swiss Re on Monday joined Munich Re, Zurich Insurance, and Hannover Re in exiting the Net Zero Insurance Alliance amid growing pressure in the U.S., where some Republican politicians say these alliances could be breaking antitrust rules The United Nations...
Munich Re launches Next Gen AI-augmented underwriting solution
Munich Re also offers reinsurance on policies underwritten by these AI models as an optional service, providing insurers alignment of interest and peace of mind. To further support insurers, Munich Re can also finance the solution through reinsurance, mitigating any...
Covid kills one person every four minutes as vaccination rates fall
A key question is how to handle a virus that’s become less threatening to most but remains wildly dangerous to a slice of the population. That slice is much bigger than many realize: Covid is still a leading killer, the third-biggest in the US last year behind heart...
How the World Health Organization could fight future pandemics
A new pact is a priority for WHO chief Tedros Adhanom Ghebreyesus who called it a “generational commitment that we will not go back to the old cycle of panic and neglect” at the U.N. agency’s annual assembly. It seeks to shore up the world’s defences against new...
AIG to sell Validus Re to Renaissance Re in near $3B deal
The deal terms include about $2.74 billion in cash and $250 million of RenaissanceRe common shares, the companies said in their statements "For AIG, (the deal) further simplifies our business model and reduces volatility in our portfolio, while generating significant...