According to re/insurance broker Gallagher Re's estimate, insured...
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Exploding pagers in Lebanon spur theories on sabotage method
Deepa Kundur, professor of electrical and computer engineering at...
U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected
Fed Chair Jerome Powell Policymakers see the Fed's benchmark rate...
Out of time: Climate talks go past deadline over coal, cash
A crunch issue is the question of financial aid for poor countries to cope with climate change. Rich nations failed to provide them with USD 100 billion annually by 2020, as agreed, causing considerable anger among developing countries going into the talks. Scientists...
Europe becomes COVID-19’s epicentre again, some countries look at fresh curbs
The World Health Organization's report for the week to Nov. 7 showed that Europe, including Russia, was the only region to record a rise in cases, up 7%, while other areas reported declines or stable trends. LONDON/MILAN: Europe has become the epicentre of the...
Annual U.S. Severe Weather Claims Near $20 billion Following October Activity
Brian Kerschner, Senior Catastrophe Analyst for Aon’s Impact Forecasting team, said: “October is typically considered a ‘second season’ for severe weather in the United States as it marks a transition from summer warmth to cooler autumn temperatures. This year saw one...
India-led International Solar Alliance signs UN pact at COP26 in Glasgow
The agreement will also lend support to developing country stakeholders, including Small Island Nations (SIDs) and Least Developed Countries (LDCs), in accelerating the adoption of policy options and approaches for decarbonisation technologies. London:The India-led...
APEC leaders vow to tackle economic recovery, COVID-19, climate
The summit of the Pacific Rim countries came amid heightened regional trade and geopolitical tensions, particularly between China and the United States, and global efforts to tackle the pandemic and the climate crisis Leaders of the Asia-Pacific Economic Cooperation...
Hannover Re sells its stake in HDI Global Specialty to HDI Global
The reinsurance market continues to see improved prices and conditions. By selling our stake we are freeing up capital for profitable growth in our core business," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re. "Under our cooperation agreement we...
World food Prices to reach record high in 2021:UN
The analysis also points to a growing number of countries, currently 53, where households spend more than 60 per cent of their income on necessities such as food, fuel, Developing regions account for 40 per cent of the total and their food import bill is expected to...
Risky business: Climate change turns up the heat on insurers, policyholders
Given the momentum, it is no surprise that traditional models cannot keep up, Bruce Carnegie-Brown, chairman of insurance market Lloyd's of London told Reuters. "If you’ve reached an exponential part of the curve where suddenly, something’s accelerating, it’s almost...
Fintech funding in Southeast Asia triples to record $3.5 bln this yr – report
Singapore, Southeast Asia's financial hub, accounted for nearly half of the region's deals at $1.6 billion, including six mega rounds worth a combined $972 million. The next most active was Indonesia, the region's most populous country, with $904 million raised,...
QBE Re launches life reinsurance for MENA with addition to Dubai office
The newly created role marks an expansion of QBE Re’s offering in the region to focus on growing opportunities in the MENA life reinsurance market. QBE Re has appointed Mohamed El Sabri as Head of Life Reinsurance for Middle East and North Africa (MENA).Subject to...