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Germany’s Munich Re to buy $2.6 billion Next Insurance
Ergo, the primary insurance business of reinsurer Munich Re, will...
Fed in no hurry to cut rates amid high uncertainty about Trump tariffs
Jerome Powell, head of the US Federal Reserve "Uncertainty around...
Four in five cities across world facing significant climate hazards such as heat waves,floods and droughts
CDP’s report “Protecting People and the Planet” surveyed 998 cities from across the globe and showed that in addition to 80% facing extreme climate events, for nearly a third, climate-related hazards threaten at least 70% of their populations. Four in five cities...
Miller appoints Matthew Hooker as regional Head of Energy for Asia-Pacific
Matt’s appointment forms part of Miller’s wider growth strategy in the region and follows recent senior hires to the Singapore team, including Ron Whyte as Head of Strategic Development and Nick King as Head of Marine London: Miller, the leading independent specialist...
World dangerously close to recession, warns World Bank President
All of the problems that people have taken note of, the inflation problem, the interest rate rises, and the cutoff of capital flows to the developing world hits the poor hard, he said, adding that's a huge challenge for the bank Washington: World Bank President David...
Elon Musk under federal investigation, reveals latest Twitter court filing
Elon Musk,CEO,Tesla In the court filing, Twitter without delving into details of the matter, simply said that they are looking into Musk's "conduct" linked to the deal. The main scrutiny seems to be on Musk's legal team Tesla CEO Elon Musk is being investigated by the...
APAC life insurers’ large liquidity positions limit derivative exposure risks
Japanese life insurers’ derivative-related exposures are higher than those of other insurers in the region, primarily because of hedged foreign-exchange risks, mainly against the US dollar. Generally, 50%-90% of these currency risks are hedged and transactions are...
Markel International appoints Rohan Davies to lead a combined wholesale marine and energy division
The wholesale operation, headed by Andrew McMellin, is seeing significant growth and remains on track to achieve its ambitious goal of being a US$2bn (GWP) player by 2025, as part of Markel’s global insurance operation’s previously disclosed goal to reach $10 billion...
Crypto hackers set for record year after looting over $3 billion: Report
At least $718 million has been stolen so far in October alone, taking the gross tally for the year past $3 billion and putting 2022 on course to be a record for the total value hacked, according to blockchain specialist Chainalysis Inc. Most of the targets are...
Andrew Carrier appointed as Chief Executive Officer of MS Amlin Underwriting
Prior to his role at MS AUL, Carrier spent six years at Everest Re, where he was responsible for the firm’s London Market, Continental Europe, and Asia Pacific reinsurance operations London: MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, announced...
EU’s Dec 5 Russian oil sanctions are already hitting nation’s trade
The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo still on the water after that date will no longer be covered by a European underwriter or reinsurer. European Union sanctions on Russian oil might still be...
Energy infrastructure will become more vulnerable to extreme weather: World Meteorological Organization
``I think that if we don’t do anything, if we don’t make our energy system more resilient to climate change, there will be as big a disruption in the energy system as the war,” Roberta Boscolo, WMO climate and energy lead told Reuters as the UN agency launched a major...