According to Russian news agency Tass, 32 people have survived the...
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European Central Bank plans insurance for climate risks
One part of the plan is a voluntary public-private reinsurance...
Insurance technology firm bolttech raises $100 million to fund global growth
Founded in 2020, bolttech operates a digital platform where...
Canada, in a world first, proposes health warnings on individual cigarettes
"Adding health warnings on individual tobacco products will help ensure that these essential messages reach people, including the youth, who often access cigarettes one at a time in social situations sidestepping the information printed on a package," Mental Health...
Ant Group to revive IPO as Beijing eases crackdown
Billionaire and Alibaba founder Jack Ma The company’s stock market listing was hastily shelved at the behest of Beijing in November 2020. At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world...
Africa: Major insurers and banks join hands to manage biodiversity risks
Responsible management of Africa’s natural capital, including its water, soil and forests, “creates fantastic opportunities and contributes to the growth and development of the continent,” Rachael Antwi, group head of ESG at Ecobank said Financial institutions that...
Russia’s state-owned RNRC to reinsure Russian oil shipments
The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...
Covid origins unclear but laboratory leak theory needs study: WHO
In a report released Thursday, WHO's expert group said key pieces of data are still missing to explain how the pandemic began. The scientists said the group would remain open to any and all scientific evidence that becomes available in the future to allow for...
Thailand becomes first Asian country to decriminalize cannabis
Under decriminalization, it is no longer a crime to grow and trade marijuana and hemp products, or use parts of the plant to treat illnesses. Cafes and restaurants can also serve cannabis-infused food and drinks -- but only if the products contain less than 0.2 per...
Yellen says insurance ban on tankers could lock in Russian Oil
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
Warming Africa threatens insurers’ quest for profit
Temperatures in southern Africa rose at twice the global rate on average in the five years leading up to 2019, according to a report by the Intergovernmental Panel on Climate Change Yet insurers are undeterred, with some looking to expand even in vulnerable...
Howden Group acquires TigerRisk, creates a new $30bn force in global insurance broking
David Howden, CEO, Howden Group The partnership represents approaching $400m of combined reinsurance revenues David Howden, CEO, Howden Group said: “ Not only does the combination create an unrivalled digitally driven reinsurance and capital markets business...
Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...