UIB sold reinsurance services to state-backed insurers covering...
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Google holds illegal monopolies in ad tech, US judge finds
The ruling could allow prosecutors to argue for a breakup of...
China bans ‘smart’ and ‘autonomous’ driving terms from vehicle ads
Analysts and industry sources cautioned stricter regulations would...
Russian insurer Ingosstrakh says no plans to cover new sanctioned clients
“We are not willing and will not provide short-term P&I (Protection and Indemnity) coverage for vessels caught up by the new Turkish regulations at the mouth of the Bosphorus,” Ingosstrakh said Russian insurer Ingosstrakh said on Monday it has no plans to offer...
Too soon to call end to COVID-19 emergency, GAVI chief says
A World Health Organization (WHO) body meets every few months to decide whether the new coronavirus, which emerged three years ago in China's Wuhan, still represents a "public health emergency of international concern (PHEIC)". Reuters: The head of the GAVI global...
UK plans to repeal EU-era Solvency II rules to allow insurers to invest in UK infrastructure
The changes are a far cry from the dramatic reforms in the 1980s that made London a global financial center and the far-reaching changes mooted when Liz Truss was prime minister London: The UK set out a package of financial services reforms that cuts across dozens of...
Hong Kong billionaire Richard Li weighing investing $200 million in FWD Group Holdings
An investment would help support the insurer’s growth plans ahead of a long-awaited Hong Kong initial public offering, which could take place as soon as 2023, the people said. Other investors have also shown early interest in a fundraising for FWD ahead of its...
‘Please protect yourself’: China wrestles with COVID surge
China's controls kept its infection rate low but crushed already weak economic growth and prompted complaints about the rising human cost. The official death toll is 5,235, compared with 1.1 million for the United States. China's official total case count of 363,072...
With Munich Re support African Risk Capacity launches parametric cover against epidemic risks
ARC( African Risk Capacity) Group and its partners finalized the development of the cover, which will provide parametric insurance to African Union (AU) member states for three selected pathogens responsible for Ebola virus disease, Marburg virus disease, and...
Turkey oil tanker logjam snarls Russia oil sanctions
Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
Canada prepares to expand assisted death amid debate
Starting in March, people whose sole underlying condition is mental illness will be able to access assisted death. Mental illness was excluded when the most recent medical assistance in dying (MAiD) law was passed in 2021 More than 30,000 Canadians have died with...
Gmail suffers massive outage globally, restored
According to website outage monitor portal Downdetector.com, most problems were related to receiving emails, apart from failed connections New Delhi: Google finally restored Gmail service after it suffered a massive outage for millions of users globally, including in...
Germany’s Scholz says strong immigration may secure population boost to 90 mln
The government is working on attracting foreign workers to "keep the show on the road" despite an ageing population, making an estimated 7% rise in population to 90 million by 2070 plausible, Scholz told a citizen forum in Potsdam, near Berlin Potsdam: Chancellor Olaf...