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StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
StanChart’s assets under management sourced from wealthy Chinese...
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...
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...
U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
The payout to Kim is the first under the U.S.Motor Vehicle Safety Whistleblower Act, passed by Congress in 2015 to create a whistleblower reward program in the Department of Transportation for industry insiders who provide information to safety regulator The U.S. auto...
WTW partners with Indeez for gig workers and digital platforms in Asia Pacific
Simon Weaver, Head of Corporate Risk & Broking, Asia Pacific, and Head of Australasia, WTW said: “Prior to the outbreak of COVID-19, the International Labour Organisation estimated that 1.3 billion people were working in the gig economy in 2018 in this region. The...
Six major carmakers agree to phase out fossil-fuel vehicles by 2040, UK says
Cars, trucks, ships, buses and planes account for about a quarter of all global carbon emissions, data from the International Energy Agency showed, of which the bulk comes from road vehicles. GLASGOW: Six major automakers on Wednesday will commit to phasing out the...
Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire
Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. The Bitcoin market cap alone has crossed $2.5 trillion amid its rising adoption globally, particularly in India. The global cryptocurrency market has...
New framework for climate-vulnerable countries reengineers approach to financing nat cat response
The framework is adaptable and scalable across multiple developing countries to address climate-exacerbated natural hazards and weather perils including drought, flooding tropical cyclones, convection storms, and wildfire London: The Insurance Task Force (ITF) as part...
Willis Towers Watson appoints Clare Muhiudeen as Head of Asia
Based in Hong Kong, Clare will be responsible for driving business growth and directing Willis Towers Watson’s (WTW) client and colleague experience across its business segments in Asia. Reporting to Pamela Thomson-Hall, Head of International at WTW, Clare succeeds...
APEC leaders meeting to chart path forward from pandemic
In all, APEC members account for nearly 3 billion people and about 60% of the world's GDP. They span the Pacific rim, from Chile to Russia to Thailand to Australia. Wellington:U.S. President Joe Biden and his Chinese counterpart Xi Jinping will have a rare virtual...
Boeing Reachs $237.5 Million Settlement of Shareholders’ 737 MAX Safety Lawsuit
The settlement would also require Boeing to provide annual public reports on safety related enhancements implemented by the planemaker since the MAX air disasters. The financial penalty is to be paid by insurers to Boeing, the documents show, minus up to $29.7 million...
Swiss Re’s Pulse technology platform to be deployed by Mitsui Sumitomo group to manage global insurance programme
The PULSE platform, which was launched in 2019, will help MSIG streamline their technology landscape and overcome inefficiencies and data discrepancy challenges that come from managing multinational insurance programmes across multiple applications. collaboration....