Gallagher follows in the footsteps of rivals Aon and Marsh...
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UnitedHealthcare CEO’s shooting opens door for many to vent frustrations over insurance
In particular, the words written on ammunition found at the...
Globally, Natcats result in $133bn economic and $ 51bn of insured losses: Munich Re
The costliest typhoon in Asia – and the third-costliest cyclone of...
Fed likely to hike rates in March as Powell vows sustained inflation fight
U.S. central bank chief Jerome Powell "The committee is of a mind to raise the federal funds rate at the March meeting assuming that the conditions are appropriate for doing so," Powell said in a news conference, pinning down a policy statement from the central bank's...
AllianzGI sets up unit to invest in ESG compliant companies
AllianzGI, which manages around 647 billion euros ($730.27 billion) in assets, will look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement. Asset manager Allianz Global Investors, part of German...
Nepal’s population witnesses lowest growth in 80 years: reports
''Nepal’s population has reached 29,192,480. The main reason behind the slowest growth in population appears to be outward migration of Nepalis for jobs and studies,'' Hem Raj Regmi, the deputy director-general of the bureau, was quoted as saying in the report...
Global Cat economic losses hit $343 billion in 2021, up from $297 billion in 2020:Aon
Only 38 percent of natural peril losses were covered by insurance, an improvement from last year CHICAGO: Aon plc’s 2021 Weather, Climate and Catastrophe Insight report reveals a total of $343 billion in economic losses in 2021, $329 billion of which resulted from...
Cyber hostilities between India & Pakistan,China & Japan and Israel & Iran could escalate dangerously: CyberCube Report
Report identifies four industries that CyberCube believes will be targeted by cyber criminals – especially ransomware actors – in 2022. These are: healthcare, education, manufacturing and utilities. CyberCube also expects to see ransomware threat actors targeting...
WHO-US EPA partnership to unravel linkage between health and climate change
Five year agreement recognises the increased environmental and public health risks from the warming global climate and prioritizes environmental justice WHO estimates that 24% of all global deaths, and 28% of deaths among children under five, are linked to the...
Over 1.2 mn people died from drug-resistant infections in 2019: Study
The new Global Research on Antimicrobial Resistance report, published in The Lancet, revealed that antimicrobial resistance (AMR) was directly responsible for an estimated 1.27 million deaths and associated with about 4.95 million deaths. The study analysed data from...
End of Covid-19 pandemic in Europe ‘plausible’ after Omicron: WHO
"It's plausible that the region is moving towards a kind of pandemic endgame," Hans Kluge told AFP, urging nonetheless caution due to the virus' ability to mutate The Covid-19 pandemic has entered a new phase with the Omicron variant, which could infect 60 percent of...
Nasdaq 100’s unrelenting declines ring a dot-com bust alarm bell
Down almost 12% in January, the Nasdaq 100 is on course for its worst month since the 2008 global financial crisis. On any four-day basis, the current streak of 1% drops was the first since 2018. “If you just look at those two prior instances, right after 9/11 was a...
Global crypto market suffers $1-trillion loss as Bitcoin crashes
Given their relatively high volatility and valuations, cryptocurrencies' increased co-movement could soon pose risks to financial stability especially in countries with widespread crypto adoption, according to IMF research New Delhi: Bitcoin was hovering at $35,000...