The combined net worth for these people is up 13 per cent this year...
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Norway sovereign wealth fund excludes Adani Ports from over ethical concerns
Norges said it decided to exclude Adani Ports due to "unacceptable...
Swiss Re withdraws from iptiQ business, appoints Ivan Gonzalez as CEO Corporate Solutions
Moses Ojeisekhoba, CEO Global Clients and Solutions, to pursue...
U.N. chief names Michael Bloomberg climate envoy to rally action
The media mogul will support Guterres in “growing and strengthening” a coalition of governments, companies, cities and businesses committing to net-zero emissions by 2050 in line with the goals of the 2015 global climate deal struck in Paris, the United Nations said.
Asian commercial insurance pricing up 11% in 4th Quarter:Marsh
Asian clients with large CAT exposures and those requiring international capacity continued to experience double-digit pricing increases.. Casualty pricing remained generally flat, as it has for three years.
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Unequal allocation of vaccines could cost the world economy $9.2 trn
“With the virus mutating, no country is safe until the whole world is inoculated and achieves herd immunity,” said Chua Hak Bin, senior economist at Maybank Kim Eng Research Pte in Singapore.
US insurance industry M&A deals total $4.57bn in Q4 2020:GlobalData
The US held a 56.6% share of the global insurance industry M&A deal value that totalled $8.08bn in Q4 2020.
In terms of deal activity, the US recorded 73 deals during Q4 2020, marking a rise of 46% over the previous quarter and a rise of 69.8% over the last four-quarter average.
Brazil’s Eletrobras says nuclear unit hit with cyberattack
The network that was attacked by ransomware is not related to the operational systems of nuclear energy plants Angra 1 and Angra 2, said Centrais Eletricas Brasileiras, as Eletrobras is formally known.
Subsidiary Eletronuclear has suspended use of some of its administrative software to protect its data, the company said in the filing.
Stone Point Capital and Insight Partners to acquire CoreLogic for $6 billion
Chuck Davis, CEO of Stone Point Capital, said, “CoreLogic is a mission critical vendor and data provider across industry sectors in which Stone Point has specialized over the past 20 years, including mortgage, residential real estate and P&C insurance. CoreLogic’s proprietary data assets are increasingly important to its customers, and we look forward to leveraging our network within the broader financial services industry to support the company’s next phase of growth.”
When will the Covid-19 pandemic end? In 7 years at today’s vaccine rates
Bloomberg has built the biggest database of Covid-19 shots given around the world, with more than 119 million doses administered worldwide. US science officials such as Anthony Fauci have suggested it will take 70 per cent to 85 per cent coverage of the population for things to return to normal.
High levels of toxic heavy metals found in some baby food – U.S. report
Representative Raja Krishnamoorthi, a Democrat who chairs the panel that released the report, said it found “these manufacturers knowingly sell baby food containing high levels of toxic heavy metals … It’s time that we develop much better standards for the sake of future generations.” A Food and Drug Administration (FDA) spokesman said the agency was reviewing the report.
Climate change seen posing health risks for 12 million people in UK
Britain faces a particular health risk from heatwaves due to its large elderly and vulnerable population, said the report, noting that heat-related deaths among the over-65s had risen 21% between 2004 and 2018.
Another ship in rough Pacific Ocean spills containers overboard
Forty-one empty containers fell from the ship around Jan. 29, according to a website notice from marine-claims consultancy W.K. Webster, which said it has nominated a surveyor to investigate the extent of damage.
The incident is at least the second time this year, and the third time in less than 10 weeks, that a notable number of containers have fallen into the Pacific while ships ply the busy trade lane.