As at year-end 2024, the Syndicate consisted of 20 members from...
Category:
International News
Latest
WHO initiates a new global coordination mechanism for health emergencies
Tedros Adhanom Ghebreyesus, Director-General, WHO The two-day...
Tariff Turbulence: Aircraft supplier Howmet may halt orders if hit by Trump tariffs
Howmet's rare legal declaration does not mean that supplies will...
$3.7 billion UK mass action against Facebook over market dominance rejected – for now
Meta Platforms Inc., the parent company of the Facebook group, faces a mass action brought on behalf of around 45 million Facebook users in Britain. London: Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion)...
Indian ESG-focused firms performed better than global peers: RBI
The findings suggested that the companies which have managed and disclosed their ESG related risks better are associated with higher stock prices compared to a larger set of listed companies which do not have such disclosures India ranks ahead of all the countries...
Aon’s rebuilding for resilience project addresses Hurricane Ian devastation
Dan Dick, global head of property analytics at Aon’s Reinsurance Solutions, said: “Our teams gained first-hand experience of the devastation caused by this historic hurricane, which allowed us to conduct thorough analyses and identify practical steps to improve...
Swiss Re 2022 net profit down 67%; sees brighter outlook for 2023
"2022 was a challenging year, marked by the war in Ukraine, surging inflation, the tail end of the COVID-19 pandemic and elevated natural catastrophe losses. We have focused on addressing these challenges proactively," Chief Executive Christian Mumenthaler said...
Turkey Devastation: Insured losses at $2.4 billion, says Karen Clark & Co
The number of people killed by the deadliest earthquake in Turkey’s modern history has risen to 36,187, authorities said Total property losses from the magnitude 7.8 and 7.5 earthquakes are expected to be close to $20 billion, Karen Clark & Co said Catastrophe...
Countries join forces to fight back against harmful beauty practices
“Mercury is a hidden and toxic ingredient in the skin lightening creams that many people are using daily, often without an understanding of just how dangerous this is”, GEF CEO and Chairperson Carlos Manuel Rodriguez said Geneva: The governments of Gabon, Jamaica and...
Rising toll makes quake deadliest in Turkiye’s modern history
Confirmed deaths in Turkiye passed those recorded from the massive Erzincan earthquake in 1939 that killed around 33,000 people. Speaking in Ankara following a five-hour Cabinet meeting held at the headquarters of disaster agency AFAD, Erdogan said 47,000 buildings,...
Insurers are committed to making a bigger impact on mental health, says Geneva Association report
For life and health insurers, who absorb related financial shocks through disability and income protection insurance, this is manifest in paying out close to USD 15 billion in mental health-related disability insurance claims annually. In many countries, this number...
Bird flu spreads to new countries, threatens non-stop ‘war’ on poultry
Outbreaks of the virus have continued in North and South America, Europe, Asia and Africa, undefeated by summer heat or winter cold snaps, since a strain arrived in the United States in early 2022 that was genetically similar to cases in Europe and Asia The virus...
RiverStone’s landmark third-party reinsurance-to-close deal with MS Amlin, largest in Lloyd’s history
London: RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Limited to provide MS Amlin Syndicate 2001 (“MS Amlin”) with a Reinsurance-to-close...