Lloyd’s oversees a market of nearly 50,000 underwriters and brokers...
Category:
International News
Latest
M&A Insurance claim costs rise despite drop in number of claims, Tighter underwriting terms expected
GTS’ Americas region saw the smallest decline in R&W...
Tokio Marine Group partners with Resilient Cities Network to accelerate investments in urban resilience
The new partnership will see Tokio Marine Group companies provide...
UN climate report urges world to adapt now, or suffer later
While governments need to drastically curb their emissions to prevent runaway global warming, they can also work to limit suffering by adapting to the conditions of a warmer world, the report says. That will take a lot of money - to finance new technologies and...
Ukraine Invasion: Russia’s ultra-rich count cost of $83 bn wealth wipeout
Russia’s $1.5 trillion economy is already reeling from sanctions that targeted key banks and may prevent Putin from accessing the bulk of more than $640 billion in central bank reserves. Those restrictions have roiled the nation’s markets and are having a knock-on...
Sydney told to brace for heavy rains, floods in ‘one-in-a-one thousand’ year event
Brisbane, Australia's third largest city, received around 80% of its annual rainfall over the last three days, Queensland Premier Annastacia Palaszczuk said on Tuesday. New South Wales Premier Dominic Perrottet described the wild weather as a "one-in-a-one thousand...
‘Delay means death’ – UN climate report urges immediate, drastic action
On nearly all counts, the report makes clear that climate change is impacting the world far faster than scientists had anticipated. Noting that nearly half the world's population was already vulnerable to increasingly dangerous climate impacts, the report calls for...
Toyota suspends domestic factory operations after suspected cyber attack
Japanese Prime Minister Fumio Kishida said his government would investigate the incident and whether Russia was involved "It is difficult to say whether this has anything to do with Russia before making thorough checks," he told reporters TOKYO: Toyota Motor Corp said...
People flee to rooftops as ‘weather bomb’ submerges Australian towns
Several regions have seen rainfall records for February broken because of the relentless downpour, with some places getting more than a month's or more than a year's rains in one day Insurer Suncorp on Monday said it had received more than 5,000 claims related to the...
At least 10 dead in Indonesia earthquake as search continues
Indonesia, a vast archipelago of 270 million people, is frequently struck by earthquakes, volcanic eruptions and tsunamis because of its location on the "Ring of Fire," an arc of volcanoes and fault lines that arcs the Pacific Jakarta: Search efforts continued Sunday...
Investors brace for volatility as West moves to cut Russia off from SWIFT
The latest measures could send markets on another wild ride, as traders assess the implications for the global economy, including potentially higher commodity prices and inflation Investors were preparing on Saturday for more wild gyrations in asset prices after...
New California rules aim to lower property insurance rates
New rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage SACRAMENTO, Calif: California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who...
Russia’s invasion of Ukraine likely impact the global insurance industry substantially near to midterm: AM Best
“Further sanctions may impact the ability of international insurers and reinsurers to underwrite Russian risks or make it more difficult for them to service claims on existing policies,” said Anna Sheremeteva, financial analyst, AM Best LONDON: International rating...