The showdown over financing for developing countries comes in a...
Category:
International News
Latest
AM Best maintains outlook for global reinsurance industry to positive
Property reinsurance rates and terms have been relatively stable...
US regulators seek to break up Google, force Chrome sale
The proposed break-up floated in a 23-page document filed late...
AIA buys BEA’s travel and general insurance services unit Blue Cross
BEA agreed to sell its medical, travel and general insurance services unit Blue Cross (Asia-Pacific) Insurance and all of its 80% interest in healthcare services unit Blue Care JV (BVI) Holdings to AIA to generate value for shareholders. Asia-focused AIA’s largest...
Environmental groups sue TotalEnergies over climate marketing claims
The claim, which has been served on TotalEnergies and was to be filed before the Paris Judicial Court, concerns the company’s “reinvention” marketing campaign. Claimants say the campaign broke European consumer law by suggesting TotalEnergies can reach net-zero carbon...
Global Covid caseload tops 447.6 million. fatalities surge past 6 million
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 79,339,202 and 960,310, according to the CSSE The second worst hit country in terms of cases is India (42,97,315 infections and 515,102 deaths), followed by Brazil...
Ukraine evacuates trapped Seafarers, foreign mariners count cost of war
Many shipping firms have suspended sailings to affected Black Sea ports and other terminals in Ukraine. Insurance premiums for voyages have soared since Russia’s invasion on Feb. 24, an action Moscow calls a “special operation” Ukraine’s Maritime Administration has...
Confusion, but not panic, reigns in global finance in Russia’s wake
"There is so much more capital in the system. Russia is not that big. Risk management is better,” Schamis said, comparing the situation now to the financial crisis in 2008 when he had a front-row seat as someone with capital to invest Western allies’ sanctions against...
Howden M&A bolsters its Asia Pacific team to manage surging deal activity
There is a significant growth in demand for M&A insurance in APAC, with clients seeking to manage the transactional risks that arise in the course of M&A transactions There were 20,694 deals in APAC with an aggregate value of USD 1.193 trillion, up from 17,745...
Overseas re/insurers have small exposure to Russia, have strong capital position to avoid a deterioration in credit quality: S&P
Many global and regional reinsurers have exposure to Russia, as well as some industrial line writers. As of now global reinsurers' exposure is very limited, in most cases less than 1% of assets and existing liabilities, in some cases even less than 0.1%....
Russian military control of Ukraine nuclear plants cause for grave concern, nuclear energy agency warns
In another worrying development, the regulator said that all communications have been lost with the enterprises and institutions in the port city of Mariupol that use category 1-3 radiation sources, and there is no information about their status. Such radioactive...
Thailand bids to avert ‘population crisis’ as birth rate crashes
Experts said it is hard to reverse a situation where social conditions have changed and attitudes towards having children are now coloured by concerns over rising debt and elderly care Bangkok: Thailand is scrambling to encourage its people to have more babies to...
Russian war in world’s ‘breadbasket’ threatens food supply
While there have not yet been global disruptions to wheat supplies, prices have surged 55 per cent since a week before the invasion amid concerns about what could happen next. If the war is prolonged, countries that rely on affordable wheat exports from Ukraine could...