StanChart’s assets under management sourced from wealthy Chinese...
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Aon appoints of Anne Corona as CEO of Enterprise Clients and global chief commercial officer
This appointment is part of Aon's strategy to advance its...
Private equity exposure with insurers can be risky for , financial markets, BOE says
Officials are concerned that a potential sharp and correlated...
Lloyd’s creates ‘Product Launchpad’ to replace the ‘Product Innovation Facility’
The rebrand has been supported by the twenty-five members of the initiative from the Lloyd’s market. With a capacity of £150m, several success stories have emerged, for example: a parametric business interruption product for cloud outages, launched by Parametrix in...
Covid: Hong Kong bans incoming flights from 8 countries, including India
Incoming flights from Australia, Canada, France, India, Pakistan, Philippines, Britain and the United States, including interchanges, would be banned from Jan.8 to Jan 21, Hong Kong leader Carrie Lam told reporters on Wednesday Hong Kong announced a two-week ban on...
Asian factories take Omicron risks in stride, for now
The rising rate of global infections have raised eyebrows among policymakers, with outbreaks in China forcing some firms to suspend production and threatening to disrupt output for memory chip giants like Samsung Electronics a TOKYO: Asia's factory activity grew in...
France detects a new Covid-19 variant called ‘IHU’, 12 infected
The new variant from the lineage named B.1.640.2 is believed to have infected 12 people in the country, according to a yet-to-be peer-reviewed study supported by the French Government French researchers have detected a new Covid variant, probably of Cameroonian...
COVID-19 insured loss of $44 bln is third largest catastrophe loss -Howden
"There's only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that's pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden London: Insured...
Jan 1 Renewals: Late placements and nat cat losses see mixed outcomes, Gallagher Re
The market appears to have moved on from the Covid-19 claims of 2020 as primary companies’ claims reserves stabilise and reinsurance recoveries start to move through the market with an increasing number being settled Reinsurers have managed to achieve further...
Omicron cases are hitting record highs, but now may have a silver lining
The data, some scientists say, signal a new, less worrying chapter of the pandemic Several factors appear to have made the omicron variant less virulent, or severe, than previous waves of Covid-19. One factor is the virus’ ability to infect the lungs A string of new...
Jan 1 renewals: majority of placements were orderly,Guy Carpenter
Capacity was ample for many lines but more constrained for retrocession and some components of property, including loss-impacted lower catastrophe layers and aggregates.Capacity for cyber aggregates was also limited Emerging risk factors, including climate change,...
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
Apple becomes first company to hit $3 trillion market value
The world's most valuable company is the first to reach the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. Apple's march from $2 trillion to $3 trillion in market...