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Artificial sweetener Aspartame is ‘Possibly’ Carcinogenic, yet safe at common use levels, WHO Says
Citing the results of two new assessments of the health impact of...
Property insurers’ ratings under pressure as risk rises: Morningstar
Insurers can opt to pay more for the same reinsurance package, or...
French insurer Covea seeks acquisitions targets on reinsurance
Unlisted Covea, which holds an 8.17 percent stake in French resinsurer SCOR, has said it didn’t plan to increase its stake in the reinsurer after a attempt to take the firm over went sour a few months ago.
Boeing Dreamliner plant ‘plagued by shoddy production,’ says NYT
John Barnett, a former quality manager who retired in 2017 after almost three decades at Boeing, said he found clusters of metal slivers hanging over the wiring that commands flight controls. A U.S. Federal Aviation Administration spokesman, Lynn Lunsford, said the agency inspected several planes that Boeing had certified as free of such debris and found the same metal slivers.
Over 150 killed, 450 injured in decade’s worst terror attack in Sri Lanka
Christian groups say they have faced increasing intimidation from some extremist Buddhist monks in recent years. And last year, there were clashes between the majority Sinhalese Buddhist community and minority Muslims, with some hardline Buddhist groups accusing Muslims of forcing people to convert to Islam.
Govt & benefactors, not insurers, to bear cost of Notre Dame rebuilding
“It is really going to be up to the French state and benefactors to help to restore and rebuild this,” Robert Read, head of art and private client at Lloyd’s of London insurer Hiscox told Reuters, adding it could take up to 20 years to restore the cathedral.“The scaffolding costs are going to be enormous, actually securing the building is going to be enormous. The cost of renovating the (British) Parliament is a similar sort of number,” Read said.
Hannover Re scales back its exposure to coal-fired power plants
Furthermore, the Group has set itself the goal of no longer covering any coal-based risks in connection with power generation in its entire property and casualty reinsurance portfolio from the year 2038 onwards.
Munich Re Syndicate Singapore expands its Asian partnership
NECTAR’s professional line products are offered under the trading name of Nectar PRO, which is the Financial Lines business unit focused on emerging Asian markets in South East Asia and Indian sub-continent
France’s AXA provided insurance cover for two Notre-Dame contractors
In a statement released on Tuesday, AXA said its staff were cooperating fully with investigators.The French insurer also said it provided insurance coverage for some of the relics and religious artworks displayed in the cathedral.An AXA spokesman declined to estimate the company’s potential liabilities associated with the damage caused.
Global life reinsurers poised for growth, but mature U.S. market still key:AM Best
The Asia-Pacific direct life insurance market continues to grow faster than in developed countries, providing opportunities for life reinsurers to assume more business. China’s life insurance market is now the world’s second largest life insurance market. Additionally, legacy life/annuity blocks of business also have become meaningful acquisition opportunities for global life reinsurers, and recent acquisitions involving second- and third-tier reinsurers highlight growing market competition.
UAE Takaful companies catching up with conventional peers
Emily Thompson, financial analyst, said: “Despite the growth in GWC, Takaful operators still account for a modest part of the UAE’s overall insurance market, commanding a stable 17% market share in 2018. Penetration has been consistent in recent years, but whether Takaful insurers can gain a sufficient foothold in the market to challenge the conventional players remains to be seen.”
US jury sides with J&J in latest Talcum-Cancer claim
Plaintiff Robert Blinkinsop was diagnosed in July 2017 with mesothelioma, a rare cancer of the lining of the lung generally caused by asbestos exposure. Blinkinsop used Johnson’s baby powder daily for personal hygiene from 1977 to 1994 and on his children from 1992 to 1996, his attorney, Mark Bratt, said at trial. He also used the company’s Shower to Shower talc product.