A move to sell Thailand and Vietnam would follow other previous...
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Fed lowers rates but sees slower pace of further cuts, firmer inflation
U.S. central bankers now project they will make just two...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Singapore's prime minister said in October that the city-state...
South Africa’s deadliest floods in nearly three decades claim more than 250 lives
“The damages seem quite severe and we have received a significant volume of claims. We expect a significant number of new claims will be reported in the coming days, and we have mobilized our teams to deal with the expected volumes to ensure continuity of customer...
TMK launches IP Abatement Insurance for US-based SMEs
Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...
Swiss Re secures secures $1.15bn alternative capital via an innovative hybrid transaction
The transaction, which covers underwriting risks across the entire Swiss Re Group, is the first of its kind to combine both bank financing and insurance-linked securities Zurich: Swiss Re has successfully closed an innovative multi-year stop-loss transaction, with...
China warns of NFT-related financial risks
Although NFTs could contribute to China's digital economy, they could also lead to speculative trading, money laundering, and illegal financing, said the trio, who also issued a joint ban on cryptocurrency trading last year NFTs must not be used in the issuance of...
As tougher climate disclosures hit, campaigners scour for laggards
Almost 2,000 climate change-related lawsuits have been launched around the world to date, the bulk in the last seven years, London’s Grantham Research Institute on Climate Change and the Environment showed Britain on [April 6] became the first G20 country to make it...
Inflation wave reaches Asia with signs worst is yet to come
Inflation readings across the region -- China, India, Indonesia, Philippines, Thailand and South Korea -- recently rose more than forecast, while New Zealand on Wednesday hiked rates by the most in 22 years over price worries. And accelerating manufacturing costs...
IMF, World Bank, WFP and WTO urge coordinated action on food security
In a joint statement, the leaders of the four institutions warned that the war in Ukraine was adding to existing pressures from the COVID-19 crisis, climate change and increased fragility and conflict, threatening millions of people worldwide The World Bank,...
U.S. says advanced hackers have shown ability to hijack ‘multiple’ industrial control systems
An executive at Dragos, the cybersecurity firm that helped uncover the cybersabotage tool used by the hackers, said the tool was "highly capable" and had likely been in the works for several years. "It is as dangerous are people are making it out to be," Dragos...
LIC emerges as the 9th most valuable and 4th strongest global insurance brand in 2022
In terms of most valuable insurance brand, at $ 11. 1 billion(up 30% from $8.65 billion in 2021), LIC in 2022 has moved one place up in its global ranking to the ninth position from 10th in 2021, However in the global top 10 list which is dominated by Chinese insures(...
Munich Re Life US to acquire a health information exchange
In line with Munich Re’s digital strategy and commitment to helping our life insurer clients grow their business intelligently, Munich Re’s acquisition of Clareto will enable Munich Re to structure EHRs for optimal use in life insurance underwriting. NEW YORK: Munich...