Large shipping companies are already making moves. A.P....
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Birth Rate in Singapore falls to record low, only 35,605 babies in 2022
In response to queries on the declining TFR, National University of...
Munich Re appoints Owais Ansari as CEO, Life & Health Middle East and North Africa
Owais Ansari, chief executive officer, Life & Health, Middle...
APAC remains top shipping loss region despite lowest loss figures globally this century:Allianz
With cyber losses set to become more prominent, companies are focusing more on cyber security assessments while some insurers are looking to clarify “silent” exposures. However, more contingency planning and stress testing of systems needs to be done to combat the growing number of loss scenarios, while new services could also help.
India, China to account for half of air passenger growth in 2 decades: IATA
With more number of people making air travel, India was one of the fastest growing domestic aviation markets in the world for nearly five years continuously. However, the growth turned negative in April mainly due to flight cancellations and subsequent grounding of full service carrier Jet Airways.
IATA cuts forecast for airline profits as US-China trade war intensifies
“Trust in the certification system has been damaged — among regulators, between regulators and the industry and with the flying public,” IATA Director General and Chief Executive Officer Alexandre de Juniac said in a speech on Sunday in Seoul. “While Boeing and the US Federal Aviation Administration are at center stage, the close collaboration of counterpart manufacturers and civil aviation authorities around the world is essential. Any rift between regulators is not in anybody’s interest.”
Legal & General to sell general insurance unit to Allianz
By taking full owndership of Legal & General Insurance , Allianz would become the second largest general insurer in the UK
European Central Bank calls for ‘Deeper Understanding’ of Climate Risks
The ECB said weather events were responsible for over 80% of insured catastrophe losses in 2018, and “physical risks, when they materialize, can significantly erode collateral and asset values and have an impact on insurance liabilities.”
Insurers gaining, Banks losing ground in Finance:European Central Bank Governor
“In Europe, an increasing share of lending is provided by investment funds, insurance companies and the providers of consumer loans,” the European Central Bank policymaker said in a speech in Helsinki.
Airlines could seek $580 million from Boeing for Max 8 groundings
The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing “serious damage” to the companies’ businesses. It estimated their losses at 4 billion yuan ($580 million) should the planes remain grounded through the end of next month.
Deadly African Swine Fever now `Endemic’ in 2 regions of China: UN
The virus that causes the disease is entrenched among pig populations in the autonomous regions of Tibet and Xinjiang Uygur, the Food & Agriculture Organization in Rome said in a report Thursday. Diseases that are endemic, or generally present, are more difficult to stamp out by quarantining and culling diseased and vulnerable livestock.
Weinstein, accusers reach tentative $44 million deal, WSJ
Weinstein, who won plaudits and awards through his company and another studio, Miramax, for movies including “Shakespeare in Love,” “Pulp Fiction” and “The King’s Speech, fell from grace after more than 70 women, mostly young actresses and others in the movie business, accused him of sexual misconduct dating back decades.
As many as 8 Hurricanes Forecast for ‘Near Normal’ 2019 Hurricane Season
The hurricane season will be closely watched because of its potential to take a heavy human toll as well as rattle oil and gas markets across the globe. Over the past two years, storms including Michael, Irma and Harvey led to scores of deaths and over $250 billion in damages. They have also sent U.S. gasoline prices surging, shifted global crude and fuel flows, disrupted production in the energy-rich Gulf Coast and threatened crops.