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Peak Re raises $50 million through its second Cat bond
Franz-Josef Hahn, CEO, Peak Re For the first time, India has been...
DIFC records a 35% jump in gross written premiums from $ 2.6bn to $ 3.5bn in 2024
Arif Amiri, Chief Executive Officer of DIFC Authority, said, “With...
ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT
Regulators aim to apply existing rules covering everything from copyright and data privacy to two key issues: the data fed into models and the content they produce, according to six regulators and experts in the United States and Europe As the race to develop more...
One billion people in 43 countries face cholera risk, amid ‘bleak’ outlook: UN health experts
Echoing the bleak outlook, WHO data indicates that by May last year, 15 countries had reported cases, but by mid-May this year “we already have 24 countries reporting and we anticipate more with the seasonal shift in cholera cases,” said Henry Gray, WHO's Incident...
London court throws out lawsuit against Google over medical records
London: Google on Friday defeated a lawsuit brought on behalf of 1.6 million people over medical records provided to the U.S. tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient data to Google’s artificial intelligence firm...
Britain mandates 20 offshore carbon storage licenses
Britain aims to use carbon capture and storage (CCS) technology, which involves filtering planet-warming carbon from industrial smokestacks before it hits the atmosphere and storing it underground, to hold 20 million to 30 million tonnes of CO2 by 2030 London: Twelve...
Myanmar raises death toll from Cyclone Mocha to 54, but full extent of damage still unknown
Cyclone Mocha roared in from the Bay of Bengal on Sunday with high winds and rain slamming a corner of neighbouring Bangladesh and a wider swath of western Myanmar's Rakhine state It made landfall near Rakhine's Sittwe township with winds of up to 209 kilometers (130...
US, UK, others seek to target illicit oil shipping transfers at sea
Hundreds of “ghost” tankers, which are not fully regulated, have joined this opaque parallel trade over the past few years, carrying oil from countries hit by Western sanctions and restrictions, including Russia and Iran The number of incidents last year, including...
Ukraine Black Sea grain deal extended for two months
Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea export deal. They authorize and inspect ships. No new vessels have been authorized by the JCC since May 4 The Ukraine Black Sea...
Post-pandemic world economy still feeling COVID-19’s sting
Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition to the ever-worsening impact of climate change, the report found UN: Prospects for a robust global economic recovery remain dim...
Howden places new leadership across the regions and verticals
Asia Pacific, with Goh Chye Huat and Matt Bacon leading Asia and Pacific respectively, will be chaired by Mark Wood. India, Middle East & Africa and LatAm will be led by Sonia Caamaño, currently CEO International Growth Markets, and chaired by Paul Redgate, with...
Aon launches a new climate innovation hub in Singapore
(Lto R) Greg Case, CEO, Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board inaugurating Aon's new climate innovation hub in Singapore “Climate change is a reality, not a probability. In 2022, there were $313 billion in total economic losses from...