Officials said the possibility that it was caused by a cyber attack...
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Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath
Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath...
A massive explosion at Iran’s largest port linked to missile fuel shipment kills 18, injures some 800
On Saturday night, the state-run IRNA news agency said that the...
APAC reinsurers face single digit growth rate, declining investment income, higher claims: S&P Global Ratings
"We expect most of the rated regional reinsurers to revise asset allocations amid rate hikes in certain countries, capital market volatility, and inflationary pressures on hedging costs. Regional reinsurers continue to have relatively higher allocation to risky assets...
Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London
The High Court claim also names Fidelis Insurance Ireland, HDI Global Speciality, Abu Dhabi National Insurance Company , Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Speciality Europe Aircraft leasing firm Dubai...
Moody’s cuts Fosun International’s credit rating, raises concerns over asset sales
Fosun’s insurance shareholdings include AmeriTrust Group, Peak Re, Fosun Insurance Portugal, and Pramerica Fosun Life Insurance. Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from...
China’s Fosun weighs options for Hong Kong-based Peak Re: Sources
Fosun is working with a financial adviser as it considers options including the potential sale of its majority stake or a minority interest in the reinsurer, the people said, asking not to be identified because the matter is private. A transaction could value Peak Re...
Singapore says crypto ban not feasible, proposes risk mitigation measures
While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is "highly risky" and not suitable for the general public such digital assets play a supporting role in the broader digital asset...
Historic net-zero international flight goal agreed at UN conference
To achieve this aim, several CO2 emissions reductions measures will need to be put in place, such as the accelerated adoption of new and innovative aircraft technologies, streamlined flight operations, and the increased production and deployment of sustainable...
Re/insurers face tough issues over large potential claims From Nord Stream Pipeline Blasts
Munich Re and syndicates within the Lloyd’s of London market are among the major underwriters for Nord Stream 1 and it was unclear whether they would renew its cover If the insurance is not renewed, the prospect of the pipeline bringing gas to Europe under the Baltic...
Fungal infection list launched by WHO flags global health threat
"Emerging from the shadows of the bacterial antimicrobial resistance pandemic, fungal infections are growing, and are ever more resistant to treatments, becoming a public health concern worldwide," said Dr Hanan Balkhy, WHO Assistant Director-General for antimicrobial...
Australian health insurer says data of all customers hacked
“Our investigation has now established that this criminal has accessed all our private health insurance customers' personal data and significant amounts of their health claims data,” Medibank chief executive David Koczkar said in a statement to the Australian...
Uber drivers declared as employees by New Zealand court
The Employment Court highlighted the need to adopt a purposive approach to determining the status of the drivers, having regard to the applicable legislation and its role in protecting vulnerable workers, regulating the labour market, and ensuring the maintenance of...