The European Commission has been investigating Google for potential...
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Munich Re appoints Hanh Nguyen as its Head of Treaty P&C Underwriting for South-East Asia and India
Hanh Nguyen, Head of Treaty P&C Underwriting- designate,...
Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the...
Russian agents charged with targeting U.S. nuclear plant, Saudi oil refinery
The announcement was paired with the unsealing of criminal charges against four Russian government officials, whom the U.S. Department of Justice accused of carrying out two major hacking operations aimed at the global energy sector. Thousands of computers in 135...
US court allows J&J to force cancer victims into potential settlement talks
U.S. Bankruptcy Judge Michael Kaplan ruled February 25 that J&J can use bankruptcy rules to temporarily block more than 38,000 lawsuits while the company develops a trust fund to permanently end the cases A US court ruling allowing Johnson & Johnson to use a...
SCOR appoints Mukul Kishore as APAC chief
Mukul Kishore, CEO, SCOR Global P&C, APAC This is the first time an Indian has been appointed at such a senior level position of the fourth largest global reinsurer In its India operations, Parag Gupta, chief underwriting officer(CUO) has been made...
New EU rules regulating U.S. tech giants likely to set global standard
Europe's antitrust chief Margrethe Vestager won backing on Thursday from European Union members and EU lawmakers for her proposal, the Digital Markets Act (DMA), to rein in the powers of the tech giants via legislation for the first time, rather than lengthy antitrust...
EU-U.S. data transfer deal cheers business, but worries privacy activists
"A new agreement will provide companies of all sizes the legal certainty to transfer, analyze, and use data on both sides of the Atlantic. The ability to move data is critical in today’s digitally connected economy," said U.S. Chamber of Commerce Executive Vice...
Saudi Aramco storage petroleum facility hit by Houthi attack, causing fire
The Iran-aligned Houthis, who are battling the coalition led by Saudi Arabia, have intensified attacks on energy facilities in the kingdom, the world's largest oil exporter. This week, Riyadh said it would not bear responsibility for any global oil supply disruptions...
Prominent insurance brokers probed by for Bribery and Corruption by UK Serious Fraud Office
The investigation is linked to a U.S. Department of Justice probe into corruption at Ecuador’s state-run insurance fund, Seguros Sucre The insurance firm, which is in the process of being liquidated, is emblematic of a culture of graft that has kept former President...
FAA warns Boeing may not win certification for 737 MAX 10 by year-end
Boeing said Thursday it continues "to work transparently with the FAA to provide the information they need and remain committed to meeting their expectations, including regarding 777-9 and 737-10 certification" WASHINGTON: The U.S. Federal Aviation Administration...
Oscars 2022: Allianz’s Entertainment division insures half of all productions in the “Best Picture” category
Based on industry estimates, the largest film insurance market is Hollywood with approximately $400-500 million of annual insurance premiums, followed by productions from the United Kingdom with approximately $60-70 million China is growing at $45 million, as are...
New York widens lead over London in top finance centres index
London held on to second place despite shedding 14 points to 726. A similar fall next time would put it behind Hong Kong, Shanghai and Los Angeles, and on par with Singapore, based on their current performances (see table). London is now the only European centre in...