The facility will create a portfolio of war risk insurance policies...
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Lloyd’s revamps its data, operations and change departments, opts for outsourcing
Lloyd’s oversees a market of nearly 50,000 underwriters and brokers...
M&A Insurance claim costs rise despite drop in number of claims, Tighter underwriting terms expected
GTS’ Americas region saw the smallest decline in R&W...
Russia’s general insurance industry to reach $19.3 billion in 2025:GlobalDATA
Ashish Raj, Insurance Analyst at GlobalData, commentED: “We are seeing clear indications of a Russian revival in 2021, with the country’s economy expected to grow by 4.1% by the end of the year as it benefits from rising oil and energy prices. As the economy recovers,...
European regulators propose check for anti-lightning flaw on some Airbus A350 jets
The proposed safety warning marks the first time manufacturing has come under regulators' spotlight amid a growing commercial and industrial headache over flaws on the skin of the jets, which Airbus insists are safe to fly. Paris/Chicago: European regulators have...
Pandemic boosts super-rich share of global wealth
The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth, up from slightly above 2% at the start of the pandemic in early 2020. Analysts say some super-rich have...
MALAYSIA:Malene Insurance Brokers becomes Howden Takaful Brokers
Howden Takaful Brokers’ team of 30 specialists will offer bespoke shariah-compliant solutions across Howden’s product range. They will sit alongside Howden’s other broking teams and will offer clients seamless access to bespoke Takaful solutions in specialty,...
AIA Commits to Achieving Net-Zero Greenhouse Gas Emissions by 2050
Lee Yuan Siong, AIA Group Chief Executive and President, said, "Our commitment to net-zero by 2050 will support the delivery of long-term sustainable value for our customers, our shareholders and our communities. AIA is wholly focused on Asia and, driven by our...
Business Interruption and Cyber Attacks Identified as Top Concerns in Asia Pacific: Aon Study
“The world is a more volatile place and the importance of better decision making has never been greater, said Lambros Lambrou, CEO of Commercial Risk Solutions at Aon ``Long-tail risks are not single events. They’re innately interconnected, as we’ve seen with the...
BioNTech CEO says vaccine upgrade on the cards, ready to move quickly
BioNTech CEO Ugur Sahin BioNTech CEO Ugur Sahin reiterated that a product relaunch could be achieved within about 100 days and said a redesign is already under way. But any confirmation of the existing shot's protection against severe disease could buy developers time...
Asia in cautious mood as Omicron spreads, U.S. CPI looms
Omicron remained a concern as the variant spread to about one-third of U.S. states, though there were reports from South Africa that cases there had mild symptoms.BofA chief investment strategist Michael Hartnett favours real assets, real estate, commodities,...
Indonesia Semeru volcanic eruption kills 13; dozens injured
Semeru, the tallest mountain on Java island, threw up towers of ash and hot clouds on Saturday that blanketed nearby villages in East Java province and sent people fleeing in panic. The eruption severed a strategic bridge connecting two areas in the nearby district of...
Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated
The plunge follows a volatile week for financial markets. Global equities and benchmark U.S. bond yields tumbled on Friday after data showed U.S. job growth slowed in November and the Omicron variant of the coronavirus kept investors on edge Bitcoin shed a fifth of...