The 270-metre-long vessel, with a draught of 12.5 metres, had left...
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BackBlue Ocean Finance Commitment surges beyond USD$3 trillion in assets under management
BNP Paribas, Eurazeo and Mirova are the latest financial...
India calls for transboundary cooperation to address extreme heat risks
PK Mishra, Principal Secretary to the Indian Prime Minister...
China asks state-owned firms to phase out use of Big four auditing firms over data security
China is seeking to rein in the influence of the US-linked global audit firms and ensure the nation’s data security, as well as to bolster the local accounting industry, the people said. . Chinese authorities have urged state-owned firms to phase out using the four...
Shipping industry steps up calls to free seafarers still trapped by Russia’s war
In the weeks after the war began, some 2,000 crew members were caught in the crossfire on ships in the Black Sea and the Sea of Azov. Safe corridors helped reduce that number in the months that followed. But the total remaining stands at an estimated 331 seafarers on...
New Zealand needs to rebuild for weather resilience, PM says
Prime Minister Chris Hipkins said there had been a nine-fold increase in government spending in the 2021-22 fiscal year on helping farmers cope with floods, storms and drought. The number of weather events that require emergency road work more than doubled from an...
Chile readies major earthquake insurance with World Bank
“The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said in a statement Chile is finalizing...
Turkey Earthquakes: Total insured losses likely to exceed $5 billion,Moody’s RMS
Economic losses from the moment magnitude (Mw) Mw7.8 and Mw7.5 earthquakes that struck southern Turkey on February 6 are likely to exceed US$25 billion Observations from early damage reports issued by the Turkish Ministry of Environment, Urbanization, and Climate...
Munich Re beats 2022 profit target with 74% fourth-quarter leap
"Munich Re absorbed the crises of 2022 well," Chief Executive Joachim Wenning said It reduced the share of proportional business and, owing to the attractive price level, grew in the area of non-proportional natural catastrophe covers in particular. Despite increasing...
UNCDF partners with Howden to build climate resilience for vulnerable communities in Fiji
The flagship programme has developed and deployed the Pacific region’s first parametric microinsurance products in Fiji, Tonga and Vanuatu. Suva, Fiji: The UN Capital Development Fund (UNCDF) announced international insurance broker Howden as a new addition to its...
Demand for `International Insurance Programmes’ grow as APAC businesses expand beyond local borders:Aon
Natural catastrophe events continued to drive large losses and pressure marketconditions for property insurance. Changes to the reinsurance market, including higher costs and retentions, and some coverage restrictions, will drive rate increases for both local...
Anil Wadhwani joins Prudential Plc as Chief Executive
Anil Wadhwani, chief executive, Prudential "I am thrilled to join the team at such an exciting time in the development of its Asian and African operations and am looking forward to meeting customers, colleagues, investors and key stakeholders."Anil Wadhwani , Chief...
Thai Life Insurance partners with Munich Re Automation underwriting solution
K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want...