Swiss Re's Group Chief Executive Officer Andreas Berger said:...
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Google set to be charged with breaching EU rules
The European Commission has been investigating Google for potential...
Munich Re appoints Hanh Nguyen as its Head of Treaty P&C Underwriting for South-East Asia and India
Hanh Nguyen, Head of Treaty P&C Underwriting- designate,...
Elon Musk sued by Twitter investors for delayed disclosure of stake
Billionaire Elon Musk "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," said the investors, led by Virginia resident William Heresniak Billionaire Elon Musk was sued by...
UK’s Sunak extends one-off $46.6 bn y to ease a cost-of-living crisis for public
British finance minister Rishi Sunak A new, one-off GBP 650 payment will be offered to more than 8 million low-income households on Universal Credit, Tax Credits, Pension Credit and other benefits, with separate one-off payments of GBP 300 to pensioner households and...
World Bank’s Malpass says war in Ukraine may trigger global recession
David Malpass,President,World Bank Developing countries were being hit even harder given shortfalls of fertilizer and food stocks and energy supplies, he said "The idea of energy prices doubling is enough to trigger a recession by itself," he said World Bank...
Verisk appoints Lee M. Shavel as CEO, Mark V. Anquillare as President
Shavel and Anquillare have been architects and drivers of Verisk’s growth, increased efficiency and an innovation agenda that has helped the insurance industry successfully turn data into actionable insights and accelerate its digital transformation JERSEY CITY, N.J:...
NOAA predicts above-normal 2022 Atlantic Hurricane Season
The increased activity anticipated this hurricane season is attributed to several climate factors, including the ongoing La Niña that is likely to persist throughout the hurricane season, warmer-than-average sea surface temperatures in the Atlantic Ocean and Caribbean...
Munich Re’s raises $ 1.25 bn of green bond from US market
The bond has a coupon of 5.875% and matures in 2042 Christoph Jurecka,CFO, Munich Re said,`` In structuring this bond as a green bond, we are the first European insurer to break such new ground in this market segment. At the same time, the green bond supports the...
Russian oil’s Achilles’ heel: insurance
Insurers from Europe and the United States, which dominate the international marine market, are curtailing coverage for Russian oil tankers, industry sources say, to avoid breaching sanctions imposed in the wake of Moscow's invasion of Ukraine. Even non-Russian...
Tesla loses bid to move ‘sexual harassment’ suit into arbitration
Alameda County Superior Court Judge Stephen Kaus ruled Monday that the female worker who filed the complaint can proceed in court — even though she signed an arbitration agreement giving up her right to sue. Tesla has come under fire from shareholder activists who...
Covid-19 pandemic is ‘far from over’, reiterates WHO chief Tedros
"… the pandemic is far from over. And even as we continue to fight it, we face the task of restoring essential health services, with 90 per cent of member states reporting disruption to one or more essential health services," WHO Director-General Tedros Adhanom...
WTW launches specialist cyber coverage for ports and terminals
CyNav for Ports and Terminals is designed to address the specific cyber threats faced by port and terminal owners and operators. It provides both flexible and tailored cover for business interruption losses including those arising from IT service providers, first- and...