Cyclone Mocha roared in from the Bay of Bengal on Sunday with high...
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US, UK, others seek to target illicit oil shipping transfers at sea
Hundreds of “ghost” tankers, which are not fully regulated, have...
Ukraine Black Sea grain deal extended for two months
Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint...
Citing Kerala floods, UN chief says ‘climate change running faster than we are’
“Climate change is running faster than we are. The impacts are devastating, and it is usually the poorest and the most vulnerable who are hit first and worst by storms, floods, droughts, wildfires and rising seas,” Guterres said at the launch of the 2018 New Climate Economy report here on Wednesday.
French Reinsurer SCOR spurns $9.6B acquisition Offer from Insurer Covea
Covea, a French mutual insurer that already has an 8.2 percent stake in SCOR, said Tuesday that it offered to buy the remaining stock for 21 percent more than the company’s previous closing price. SCOR responded that the bid is “fundamentally incompatible” with its strategy of staying independent
US life insurer Prudential joins Direct-to-Consumer Movement
The direct-to-consumer service marks a sea change for Newark, New Jersey-based Prudential, the largest U.S. life insurance company by assets, managing $1.4 trillion, according to a filing.
Record numbers of named Hurricanes form in Pacific, with much quieter Atlantic
There’s been a parade of 14 named storms in the Eastern Pacific so far this year, including Hurricane Lane that flooded Hawaii.
Accident report confirms Apple still in Autonomous Car race
Apple executives have never publicly spoken about the company’s self-driving car program, but filings in a criminal court case last month confirmed that the company had at least 5,000 employees working on the project and that it was working on circuit boards and a “proprietary chip” related to self-driving cars.
Ratings agencies say reinsurance rates to rise by less than 5 pct in 2019
“There is still too much capacity as far as pricing conditions are concerned, we think the (pricing) momentum is fading out,” S&P Global Director David Masters said
What Will Happen to EU Financial Services Firms After No-Deal Brexit?
Britain says it will allow EU financial service firms to continue operating in the U.K. for up to three years – though it can’t guarantee the reverse will also be true.The documents say “people and businesses should not be alarmed” by the planning.
Crytocurrency storage firm Kingdom Trust obtains insurance through Lloyd’s
The move by Kingdom Trust, which has $12 billion in assets, is the latest example of a once-reticent insurance industry stepping up to offer protection to companies that store cryptocurrency, a volatile and loosely regulated, but rapidly growing business.
Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study
“Summer weather is likely to become more persistent – more prolonged hot dry periods, possibly also more prolonged rainy periods,” said Dim Coumou, lead author of the study at the Potsdam Institute for Climate Impact Research (PIK) and Vrije Universiteit Amsterdam.
Hannover appoints Swiss Re’s Jean-Jacques Henchoz as new CEO
Since 2011, Jean-Jacques Henchoz has been in charge of the region Europe, Middle East and Africa (EMEA) at Swiss Reinsurance Company, Zurich, taking responsibility for both the life and non-life business of Swiss Re in this region.