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2 dead and 19 injured in Southern California plane crash
The people who died were believed to have been on the plane, while...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near...
Allianz sets another $2 billion over US fund debacle
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over Germany’s most valuable financial firm and one of the world’s largest asset managers The collapse of the funds has been under...
Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group
French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...
Howden acquires Singapore based AEGIS Insurance Agencies Pte
Goh Chye Huat, CEO, Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our...
AXA, Unilever to join new 1 bln euro regenerative agriculture fund
The companies each aim to invest 100 million euros into the fund They said they signed a memorandum of understanding to establish a new private equity "impact" fund dedicated to enhancing biodiversity and mitigating climate change by scaling up regenerative farming,...
Aircraft lessors gird to battle insurers over Russia jet default
The largest claim has been made by AerCap , the world's biggest aircraft lessor, which has submitted a $3.5 billion insurance claim for more than 100 jets Few can say how the looming battle between lessors and insurers will play out. S&P Global has forecast a...
Prudential makes insurance more accessible by broadening the concept of family
Lilian Ng, Chief Executive, Insurance, Prudential Prudential's customers in some Asian markets can now nominate a wider range of family members who are financially dependent on them as a beneficiary in a life insurance policy. Additionally, coverage can also be...
China’s ‘witless’ Zero-COVID rules to impact global inflation
As manufacturer to the world, the disruptions in China are weighing on the global economy and add another risk to the inflation picture Maersk, the world's second-largest shipping company, has suggested that the lockdown will severely impact truck services and...
EU drops plan to stop tankers moving Russian oil anywhere, to disallow insurance of shipments
But current proposals will nevertheless make life considerably harder for Moscow, assuming they are adopted. The ban on providing insurance would span the vast majority of the global fleet of oil tankers seeking to transport Russian barrels Tanker companies insure...
UAE to introduce unemployment insurance in latest economic reforms
Insured workers would receive some money for a limited time period if made unemployed, UAE Prime Minister and Vice-President Sheikh Mohammed bin Rashid al-Maktoum, who is also the ruler of Dubai, said on Twitter, citing a cabinet decision Dubai: The United Arab...
China strives for global dominance through seaport control
The experts pointed out that, of the 96 ports owned by Chinese companies around the world, several are at key locations for maritime trade, "giving Beijing strategic dominance without having to deploy a single soldier, ship or weapons." It is estimated that China now...