Ibrahima Cheikh Diong,director-designate,The Fund for Responding to...
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Quad Cancer Moonshot: PM Modi announces $7.5 million support to fight cervical cancer
Narendra Modi, Prime Minister The Cancer Moonshot is a White House...
Charles Roxburgh KCB to succeed Carnegie-Brown as chairman of Lloyd’s from May,2025
Sir Charles Roxburgh KCB , chairman-designate, Lloyd's of London...
General insurance industry in China to reach US$313 billion in 2025, forecasts GlobalData
Deblina Mitra, Senior Insurance Analyst at GlobalData, comments: “Despite being the second-largest general insurance industry globally, China’s general insurance penetration at 1.3% is way below the developed markets’ average of 4%. This is mainly because the general...
Singapore to support development of iLS in Asia Pacific:FINANCE MINISTER Wong
Lawrence Wong ,minister for finance and deputy chairman of Monetary Authority of Singapore ``We have also introduced a grant scheme to reduce issuance costs. Over the past 3 years, 18 ILS have been issued in Singapore. These cover a range of natural catastrophes...
AGCS strengthens its market-facing leadership team
AGCS CEO Joachim Mueller commented on the leadership changes: “As our portfolio turnaround and wider business transformation program advance as planned and we pivot to growth again, we are pleased to attract top talents for these core positions, all of which are...
The Great Reboot:Europe’s banks turn to fees to kick customers’ branch habit
"A main part of our business, taking deposits, is becoming a loss-making activity. What was once part of our core business and profits is now making losses," said Caixabank's CEO Gonzalo Gortazar last month. Charges on a debit card for non-loyal customers could rise...
Christian Mumenthaler, CEO of Swiss Re, appointed Chairman of The Geneva Association
Christian Mumenthaler, CEO of Swiss Re Lee Yuan Siong, Chief Executive & President of AIA, was appointed Vice Chairman. In addition, Amanda Blanc, CEO of Aviva, was elected as a new Board member at the Statutory Assembly of the Association on 11 November. ZURICH:...
US auto safety regulators looks into complaints on Tesla autonomous vehicle
The inquiry is another sign that NHTSA is becoming more aggressive in watching autonomous and partially automated driving systems under President Joe Biden. In the past the agency has been reluctant to regulate the systems, saying that it didn't want to delay...
Insurers plan to up ramp up private market investments, BlackRock says
Charles Hatami, global head of the financial institutions group at the world's largest asset manager, described the trends in an interview with Reuters on Friday, based on a survey of 362 insurance executives running a collective $27 trillion in assets. GLASGOW / NEW...
UN chief says outcome of COP26 ‘not enough’
UN Secretary-General Antonio Guterres UN Secretary-General Antonio Guterres said COP26 created some building blocks for progress: commitments to end deforestation, to drastically reduce methane emissions, to mobilize private finance around net-zero emissions.And the...
Nations reach climate agreement, accept India’s stand on “phasing down” coal use
Ahead of the Glasgow talks, the United Nations had set three criteria for success, and none of them were achieved. The U.N.’s criteria included pledges to cut carbon dioxide emissions in half by 2030, $100 billion in financial aid from rich nations to poor, and...
Shipowners make payoffs to free vessels held by Indonesian navy near Singapore- sources
Around 30 ships, including tankers, bulk carriers and a pipeline layer, have been detained by the Indonesian navy in the last three months and the majority have since been released after making payments of $250,000 to $300,000, according to two shipowners and two...