“Everyone is watching each other to see who goes first,” Barbara...
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China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities...
MS Amlin launches new credit and political risk offering in MENA, eyes India and Africa opportunities
“We see exciting opportunities in India, and on the African...
Britain proposes post-Brexit changes to insurer capital rules
Britain inherited the so-called Solvency II rules from the European Union, and reforming them is seen by industry and government as a key reform after Brexit to keep the financial sector globally competitive London: Britain launched on Thursday a public consultation...
Musk’s Twitter ambitions to collide with Europe’s tech rules
Elon Musk Elon Musk will soon be confronted with Europe's Digital Services Act, which will require big tech companies like Twitter, Google, and Facebook parent Meta to police their platforms more strictly or face billions in fines Elon Musk's Twitter acquisition and...
Boeing shares sink on fresh 777X setbacks, array of charges
"We are concerned that this delay (in 777X delivery) may allow airlines to cancel without penalty," Citi Research analyst Charles Armitage said. Reuters reported last month that the Federal Aviation Administration had warned Boeing that existing certification...
Windows under attack from Chinese threat actors: Microsoft
"As Microsoft continues to track the high-priority state-sponsored threat actor HAFNIUM, new activity has been uncovered that leverages unpatched zero-day vulnerabilities as initial vectors," the company said in a blogpost San Francisco: Tech giant Microsoft has...
Ukraine-Russia conflict: Russian foreign minister warns on risks of nuclear conflict
Russian foreign minister Sergei Lavrov "Lavrov's trademark over the course of 15 years or so that he has been the Russian foreign secretary has been that sort of bravado. I don't think that right now there is an imminent threat of escalation," James Heappey told BBC...
Climate change threatens extreme weather in Europe: Report
Globally, the last seven years have been the warmest since records began in 1850, with 2021 ranking sixth. There were worrying findings in terms of greenhouse emissions, too: concentrations of carbon dioxide and particularly methane continued to rise in the...
Environment group warns Shell board on liability for emission targets
The Hague District Court last year ordered Shell to reduce carbon emissions produced by it, its suppliers and customers by 45% by 2030 from 2019 levels, a landmark decision that could have implications for energy companies around the world “Shell has appealed, but the...
Britain moves ahead with mandatory climate plans for companies
“Preventing the worst impacts of climate change will take all businesses developing ambitious, consistent transition plans to get us to a low carbon future,” Amanda Blanc, CEO of insurer Aviva and co-chair of the new Transition Plan Taskforce, said London: Britain...
Twitter set to accept Elon Musk’s $43 bn ‘best and final’ offer
The 50-year-old entrepreneur, who is also CEO of rocket developer SpaceX, has said he wants to combat trolls on Twitter and proposed changes to the Twitter Blue premium subscription service, including slashing its price and banning advertising Twitter Inc is poised to...
US Cyber insurance sees rapid premium growth, declining loss ratios: Fitch
A sharp increase in 2020 cyber loss ratios promoted substantially higher prices and rapid premium growth in 2021 that exceeded incurred losses, leading to surprising improvement in the cyber direct loss ratios versus the previous year Fitch estimates that standalone...