US President Donald Trump Trump also signed a letter to the United...
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Billionaire wealth across the globe surged by $ 2 trillion in 2024 to $ 15 trillion
Wealth of billionaires in Asia increased by $ 299 billion in 2024,...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before...
18th SIRC opens for registration, 4-day hybrid event to begin on 31Oct
“With the theme ‘RE-CONNECTING ..RE-SHAPING THE FUTURE!’, the upcoming 18th Singapore International Reinsurance Conference (SIRC) will be held from 31 Oct to 3 Nov 2022.It will be organised as a hybrid event – principally in-person, with a virtual segment for those...
Volkswagen faces mounting scrutiny on human rights violations in China, risk insurance declined by Berlin
Berlin recently declined a Volkswagen request to renew risk insurance for the company’s Chinese operations over the human rights concerns, according to a person familiar with the matter Volkswagen AG faces mounting pressure to address allegations of human rights...
Sovcomflot fleet fully covered by Russian insurers, CEO says
Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. “Currently, the company’s fleet is almost fully busy in shipping hydrocarbons, cargoes are delivered to different parts of the world.” Moscow: Russia’s state-run Sovcomflot...
Floods in Indian NE states and Bangladesh, 11more dead, 47 lakh affected in Assam
Dhaka/Guwahati: Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing transport links, authorities said Saturday. In India’s Assam...
Turkish insurers come under severe strain: Fitch
The effects of macroeconomic deterioration, soaring inflation and the continuing price cap on motor third-party liability (MTPL) insurance could push some insurers below minimum regulatory solvency levels, forcing them to raise capital or to be acquired by stronger...
AXA XL appoints HaoMing Zhou as country manager, China – Insurance
Gilles Fromageot, Regional Manager, Asia, AXA XL said “As the risk landscape and economic conditions continue to evolve, businesses are faced with new challenges every day, further increasing the need for an expert partner.” AXA XL Insurance today announced the...
Fairfax Financial to sell pet insurance operations to Germany’s JAB in $1.4 bln deal
Fairfax, the Canadian investment company headed by well known contrarian investor Prem Watsa, will sell its interests in Crum & Forster Pet Insurance Group and Pethealth Inc including all of their worldwide operations to JAB's pet insurance unit for $1.15 billion...
5 million people in India were internally displaced due to climate change and disasters in 2021
The annual Global Trends Report by the UN Refugee Agency (UNHCR) highlighted that globally 100 million people were forced to flee their homes last year due to violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies from...
Bitcoin slides below $20,000 to lowest since December 2020
"Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you're seeing the latest stresses," said Edward Moya, Senior Market Analyst, The Americas OANDA, on Saturday. Moya said that "even the loudest crypto cheerleaders from the big...
‘Surprise’ early heatwave in Europe, harbinger of things to come
Drought warnings are an added concern in much of western Europe, as no significant rainfall is forecast in Europe in the coming days, apart from isolated thunderstorms UN: Sweltering conditions in Europe have come earlier than expected this year but the bad news is,...