Against a backdrop of geopolitical and economic challenges, more...
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ECB cuts rates even as inflation fight goes on, first time since 2019
Christine Lagarde,President,ECB "We are not pre-comitting to a...
Climate change made deadly Brazil floods twice as likely
Factors besides climate change — such as poor flood-control...
Chubb explores acquisition of $22 billion rival Hartford
Greenberg, 66, built the business into a mammoth insurer by combining Ace Ltd., the company he ran, with Chubb Corp. in a nearly $30 billion deal in 2016. The son of former American International Group Inc. CEO Maurice “Hank” Greenberg, he has transformed Chubb into a firm with huge footholds in both personal and commercial lines. The company calls itself the world’s largest publicly traded property and casualty insurer, with operations in 54 countries and more than 30,000 employees, according to its website.
Amazon starts offering healthcare service to other employers
The move shows how the No. 2 U.S. private employer is diving further into healthcare, the latest industry it has aimed to disrupt after retail, enterprise technology and Hollywood.
Piloted in September 2019 for staff near its Seattle headquarters, “Amazon Care” lets employees video-chat with doctors for diagnoses and referrals. It also facilitates housecalls and drug delivery in greater Seattle, a non-virtual benefit that Amazon said would be available in greater Washington, D.C., and Baltimore in the coming months.
Britain says expects financial services pact with EU this month
The City of London’s ties with the bloc were severed after Britain left the EU’s single market on Dec. 31 and the prospect of a pact has raised hopes in some quarters of at least a partial resumption of direct access to the continent’s financial markets.
“Monte Carlo Rendez-Vous de Septembre” canceled again due to Covid-19 Pandemic
Nevertheless, in the week of September 13 the organizing committee will organize conferences and round tables on the insurance and reinsurance industry.
Natural disasters occurring three times more often than 50 years ago: new FAO report
The least developed and low to middle income countries have fared worst of all. From 2008 to 2018, natural disasters have cost the agricultural sectors of developing economies more than $108 billion in damaged crop and livestock production.
Over the same period, Asia was the most hard-hit region, with overall economic losses of $49 billion, followed by Africa at $30 billion, and Latin America and the Caribbean at $29 billion.
63 nations to see ratings downgrades by 2030 for ignoring climate change
The U.S. is projected to lose 20 per cent of its per-capita gross domestic product by 2050 in a worst-case scenario, with nations closer to the equator or with high-carbon economies even more vulnerable, according to the FTSE Russell report.
Malaysia could see the worst economic hit at 31 per cent. The projections, based on trends of greenhouse-gas emissions and countries’ mitigation efforts, show the risk for investors of long-term bets on sovereign bonds.
Climate-change linked downgrades could cost countries $270 billion-a-year
The estimates comes amid warnings by policy makers from around the world that financial markets are underpricing the risk of climate change on asset prices, with potentially costly future corrections.
Swiss Re launches Elevate to improve the insurance experience for the middle market
“Customers and trading partners want a simple, reliable insurance experience. We designed Elevate to address their needs and provide a better way of protecting businesses in the middle market,” said Walt Sykes, Head Middle Corporate Business NA, Swiss Re Corporate Solutions.
Ebola infects 30, kills 15 in Guinea, DRC
New outbreaks of the deadly Ebola virus disease in the two African countries are sending new jitters to Africa as the continent is still grappling with the Covid-19 pandemic.
Vaccine nationalism may hit WHO’s 2021 goal of 2 bn doses: Adar Poonawalla
Poonawalla’s comments highlight the continuing challenge of vaccine inequality that threatens to prolong the pandemic after richer nations raced to stockpile supplies. Few African nations received a single shipment of shots before March, while more than 20% of the population in countries including Israel, the U.K., Bahrain and the U.S have received at least one shot.