Asset managers have cautioned against letting streamlining morph...
Category:
International News
Latest
China state media warn Trump against mutually destructive tariff war
Economists have begun downgrading their growth targets for China’s...
Social media ban for children under 16 becomes law in Australia
The law will make platforms including TikTok, Facebook, Snapchat,...
WHO says rise in COVID cases is the tip of the iceberg
New infections jumped by 8% globally last week, compared to the previous week. "Surges are to be expected particularly in areas where measures to prevent transmission have been lifted. However, there are unacceptably high levels of mortality in many countries," WHO...
TNEDICCA raises $1.75 million to reduce traffic accident risk through improved insurance coverage, better data and analytics
TNEDICCA identifies accident hotspots, enabling consumers and insurance companies to manage their risk accordingly. The company has built the most comprehensive accident location database with more than 30 million crashes covering 91% of the U.S. auto insurance market...
Global nonlife insurers leverage innovation for financial strength: AM Best
The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...
Lloyd’s of London says Russia, Belarus represent less than 1% of business
"We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets," Lloyd's said in a statement on its website dated March 14 LONDON: Russia...
SCOR Investment Partners launches an ESG focused debt fund
SCOR Infrastructure Loans IV, available to institutional investors, has secured an investment commitment of EUR 150 million from SCOR, the company’s anchor investor, and has a target fund size of between EUR 750 million and EUR 1 billion. Paris: SCOR Investment...
Chinese virus cases climb, raise threat of trade disruption
The restrictions have wider potential ramifications, coming at a time when the global economy is under pressure from Russia's war on Ukraine, surging oil prices and weak consumer demand. "We can think of no risk to the global economy, excluding nuclear warfare, that...
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Warren Buffett, chairman, Berkshire Hathaway The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.Though...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
ICEYE and Fermat Capital Management enter strategic alliance
Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...
Russian airlines will keep planes leased from foreign firms
A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...