So far this year, more than 34,000 suspected cases of the disease,...
Category:
International News
Latest
Africa Specialty Risks to operate as a Lloyd’s service company on behalf of ASR Syndicate 2454
ASR Ltd is now able to write up to USD $10 million per risk across...
More than 1-in-3 people globally vulnerable to flood Risk, says Moody’s
South Asia is the most flood-prone region, with almost 40% of its...
Deal or no deal, insurance rates soar to cover M&A boom
Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or order book, while sellers buy cover to ensure a clean exit. The M&A insurance market has risen to more than $5 billion from less than $3...
COVID crisis led to significant economic losses for BRICS: RBI
The COVID crisis has led to significant economic losses and made the social fabric of the BRICS fragile by amplifying unemployment, poverty, gender disparity and migration risks, the bulletin noted. Mumbai:The COVID crisis has led to significant economic losses and...
Major outage hits Amazon Web Services; many sites affected: Report
More and more these outages end up being the product of automation and centralization of administration,said Doug Madory, director of internet analysis at Kentik Inc, a network intelligence firm . This ends up leading to outages that are hard to completely avoid due...
IMF, 10 countries simulate cyberattack on global financial system
Rahav Shalom-Revivo, head of Israel's financial cyber engagements, said international collaboration between finance ministries and international organizations "is key for the resilience of the financial eco-system." JERUSALEM: Israel on Thursday led a 10-country...
Swiss Re agrees to sell elipsLife to Swiss Life International
Andreas Berger, Chief Executive Officer Swiss Re Corporate Solutions, said: “We are very pleased to have found the perfect partner in Swiss Life to take elipsLife into a successful future. The sale will allow Corporate Solutions to focus on continuing the strong...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
More companies in Asia seek carbon offsets after COP26 -industry exec
The hard-fought Glasgow Climate Pact sent a clear message to global companies to reassess business strategies and carbon footprints to reap monetary rewards, or lag and risk losses As a result, there is a growing demand for carbon offset instruments, such as renewable...
Covid-19 disrupted critical mental health services in 93% countries
Worldwide, more than 13 per cent of adolescents aged 10 to 19 are affected by deteriorating mental health. UNICEF reported that by October 2020, critical mental health services in 93 per cent of countries were disrupted or halted due to coronavirus spread....
AM Best Maintains Negative Outlook on China’s Non-Life Insurance Industry
Motor insurance, which accounted for 63% of non-life direct premiums in 2019, decreased significantly to 54% as of September 2021. With the combined impact of the economic fallout from the COVID-19 pandemic during the first half of 2020, and the implementation of the...
AM Best Maintains Stable Outlook on Global Reinsurance Industry
“Unfavorable loss cost trends and high catastrophe activity continue to dampen returns on capital, which should keep the industry focused on the need to push for more rate increases,” said Greg Dickerson, associate director AM Best has maintained its market segment...