Ergo, the primary insurance business of reinsurer Munich Re, will...
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Fed in no hurry to cut rates amid high uncertainty about Trump tariffs
Jerome Powell, head of the US Federal Reserve "Uncertainty around...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
War risk premiums briefly eased to around 0.5% of the value of a...
Top billionaires lose $1.4 trillion in worst half ever
Elon Musk, co-founder,Tesla Musk, Tesla's co-founder, still has the biggest fortune on the planet, at $208.5 billion, while Amazon's Bezos is second with a $129.6 billion net worth, according to the Bloomberg Billionaires Index Elon Musk's fortune plunged almost $62...
WHO says Monkeypox cases in Europe tripled in last two weeks
To date, more than 5,000 monkeypox cases have been reported from 51 countries worldwide that don't normally report the disease, according to the U.S. Centers for Disease Control and Prevention. Kluge said the number of infections in Europe represents about 90% of the...
COVID-19: BA.4 and BA.5 variants spur 20 per cent rise in cases
WHO Director-General Tedros Adhanom Ghebreyesus ``Our ability to track the virus is under threat as reporting and genomic sequences are declining. The optimistic mid-year deadline for all countries to vaccinate at least 70 per cent of their populations is looking...
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
Rishi Sunak,British Chancellor "Financial service is an area where there's an enormous opportunity for both of our countries. India's goal is to spread insurance across the entire economy because insurance is a great thing for enabling protection for individuals and...
RNRC is covering nearly all Russian reinsurance business
Igor Yurgens, head of the All-Russia Union of Insurers, told the same meeting on Friday that insurance companies from India and China are also staying away from Russia amid fears they will fall under secondary sanctions State-controlled Russian National Reinsurance...
Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia
As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.'' said Daniel Cossette, Chief...
Mass shooting insurance rates in U.S. jump as incidents rise
Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States' worst school shooting in nearly a decade Active shooter insurance typically covers victim...
India’s urban population to stand at 675 mn in 2035, behind China’s 1 bn: UN
By 2035, the percentage of the population in India at mid-year residing in an urban area will be 43.2 percent, said the United Nations-Habitat's World Cities Report 2022 China's urban population in 2035 is projected at 1.05 billion while the urban population in Asia...
Antoine Bavandi appointed as Gallagher Re’s Global Head of Public Sector, Parametric & Climate Resilience Solutions
Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact London: Gallagher...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...