Swiss Re's Group Chief Executive Officer Andreas Berger said,"This...
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Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE...
EU strikes deal to further weaken corporate sustainability laws after US pressure intensifies
The agreement reached, which also scales back the scope of the...
Puneet Swani to head Aon’s APAC Talent Solutions
Puneet Swani, Head, Talent Solutions for Asia Pacific Swani is an experienced leader specialising in human resources consulting spanning more than twenty-five years. He joins Aon having had a distinguished career at both Hewitt Associates and Mercer, most recently...
China guides mutual funds, insurers to invest more in stocks
China will commence the second stage of a trial program for insurers’ long-term equity investments in the first half of this year, with an amount of at least 100 billion yuan ($13.7 billion), Wu also said at the briefing. China is guiding local mutual funds and...
South Korea to change airport design after deadly Jeju air crash
Runway end safety areas at nine airports will be lengthened to 240 meters (787 feet), or the structure holding the so-called localizer — an instrument used to guide landing plane — will be changed to an easily breakable material, Korea’s transport ministry said in a...
Resilience is key to thriving in today’s volatile world: WEF CEO
According to the white paper, as volatility and compounding risks rise, leaders are learning first-hand that the ability to navigate and adapt continuously to complex macroeconomic and geopolitical dynamics is crucial for shaping resilient strategies Davos: As global...
Yemen’s Houthis to target only Israel-linked vessels following Gaza deal
Higher war risk insurance premiums, paid when vessels sail through the Red Sea, have meant additional costs of hundreds of thousands of dollars for a seven-day voyage for any ships still sailing through the area. Yemen's Houthis will limit their attacks on commercial...
New research by the Geneva Association analyses the effects of ‘slowbalisation’ on the insurance industry
Jad Ariss, Managing Director of the Geneva Association, said: “The tides of globalisation are shifting, with geo-economic fragmentation posing both challenges and opportunities for the insurance sector. Insurers must navigate rising volatility, restricted...
Trump signs executive order directing US withdrawal from the Paris climate agreement — again
US President Donald Trump Trump also signed a letter to the United Nations indicating his intention to withdraw from the 2015 agreement, which allows nations to provide targets to cut their own emissions of greenhouse gases from the burning of coal, oil and natural...
Billionaire wealth across the globe surged by $ 2 trillion in 2024 to $ 15 trillion
Wealth of billionaires in Asia increased by $ 299 billion in 2024, Oxfam said while predicting that there will be at least five trillionaires within a decade from now The billionaire's wealth grew in 2024 at an average of $ 5.7 billion a day, while the number of...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
Bayer faces billions in payouts for decades-old toxic mess
On Tuesday Bayer was hit with a $100 million verdict in the most recent case blaming it for students and faculty at a Seattle-area public school being sickened by exposure to polychlorinated biphenyls, or PCBs, contained in aging fluorescent-light fixtures.The company...