The White House said in a statement that Washington would help...
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Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million
“The general insurance sector is operating in an increasingly...
Fidelis Partnership launches international casualty MGA Sevanta
Sevanta will focus on niche international specialty liability,...
EU targets Russia’s global oil trade with shipping sanctions
The bloc is proposing to ban European vessels and companies from providing services — including insurance — linked to the transportation of Russian oil and products globally as part of its new sanctions package, according to officials and a draft document seen by...
Snarled-up ports point to worsening global supply chain woes – report
"Global port congestion is worsening and becoming increasingly widespread," RBC's Head of Digital Intelligence Strategy, Michael Tran, and colleague, Jack Evans, said in the report, acknowledging it was hard to say when things would improve RBC said the plethora of...
Fed hikes rates half point, biggest rise in 22 yrs to curb US inflation
Fed Chair Jerome Powell “The committee is highly attentive to inflation risks,” the Fed said in the statement, adding a reference to Covid-related lockdowns in China that “are likely to exacerbate supply chain disruptions.” That comes on top of Russia’s invasion of...
Jenny Lim appointed as CEO, Howden Singapore
Singapore/ London: Howden, the international insurance broker, today announces that it has promoted Jenny Lim to the role of CEO, Howden Insurance Brokers (S.) Pte. Ltd. effective 1 May. Singapore is an important market for Howden and it is Howden’s largest retail...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
Berkshire shareholders look beyond Warren Buffett, Charlie Munger
Warren Buffett Buffett, 91, has run Berkshire since 1965 Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omaha, Nebraska Berkshire Hathaway Inc. shareholders on...
Apple hit with EU antitrust charge over mobile payments technology
"We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices," EU antitrust chief Margrethe Vestager said in a statement BRUSSELS: Apple faces a possible hefty fine and may have...
China contagion threatens to derail the world’s emerging markets
“Given China’s importance in global supply chains and importance to global growth prospects, further disappointments in the nation’s growth may lead to more contagion risk. We see countries with high trade linkages to China as being the most vulnerable” Johnny Chen...
Supply chains continue to face hurdles, global economy faces recovery challenges
The Swiss company has developed its own disruption indicator called Seaexplorer. At its peak the end of February, the measure showed about 17 million container waiting days — essentially cargo that’s bogged down in congestion globally Global supply chains are knotting...
Premature to attribute extreme heat in India, Pakistan solely to climate change but heatwaves more intense: WMO
Heatwaves have multiple and cascading impacts not just on human health, but also on ecosystems, agriculture, water and energy supplies and key sectors of the economy,” the WMO said adding that the risks to society underline why it is committed to ensuring that...