“These two projects will be important to help the country remain on...
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EU Commission allocates $1.3 bln to tackle mental health ‘silent epidemic’
The Commission said mental health problems already impacted around...
Geneva Association celebrates its 50th anniversary
Christian Mumenthaler, Chairman of The Geneva Association and Group...
China’s population would be 65% of India’s by 2050: analyst
China had more than 230.8 million people aged 60 or above at the end of 2016, 16.7 per cent of the country’s total population, the Ministry of Civil Affairs had said in August 2017. By international standards, a country or region is considered to be an “aging society” when the number of people aged 60 or above comprises at least 10 per cent of the total population
Fewer severe natural disasters in the first half of the year; overall losses well below the average
“The most important thing is to understand the long-term developments. That is why we must continue to make every effort to understand the background to natural disasters, and provide safeguards against them in the form of intelligent prevention measures. This is borne out by statistics on flooding losses in Europe, which have generally decreased thanks to investment in flood protection and control.” Torsten Jeworrekm Munich Re Board member
J&J ordered to pay $4.69 bn to talc cancer victims
“We hope this verdict will get the attention of the J&J board and that it will lead them to better inform the medical community and the public about the connection between asbestos, talc, and ovarian cancer,” victims’ lawyer, Mark Lanier said, calling for talc to be pulled from the market.
Lloyd’s launches Digital Distribution Platform`Lloyd’s Bridge’
Lloyd’s Bridge is an online platform that matches insurance businesses with underwriters from the Lloyd’s market, enabling these businesses to underwrite certain policies on behalf of Lloyd’s as Lloyd’s coverholders.*
Post merger AXA and XL Group’s combined operations branded as ‘AXA XL’
This branding of AXA XL follows the announcement on June 6 that XL Group’s shareholders approved the agreement for AXA to acquire 100 percent of XL Group. Until the acquisition closes in the second half, XL Group and AXA remain two separate companies.
Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches
In Australia, more than 311,000 users data may have been used without authorization, Facebook said in April, when Australia’s Information Commissioner, the country’s privacy regulator, began to investigate.
Historic rainfall, floods in Japan kill more than 100; Some factories halt operations
Over 12,000 buildings in prefectures including Hiroshima, Okayama and Ehime are without power, according to the Ministry of Economy, Trade and Industry.Mazda will continue to halt operations at two of its factories through July 10, company spokeswoman Yukari Hara said.
Trade Credit Insurance could get boost from Trade War
As countries ratchet up the rhetoric and retaliation, insurers are weighing how companies will deal with the pressure. For some providers of trade credit insurance, the saber-rattling is the jingle of product placement
‘Incredibly shrinking airline seat’ Not a Safety Concern:U.S. US aviation regulator
Aircraft manufacturers such as Boeing Co. and Airbus SE are required to demonstrate a fully loaded plane can evacuate within 90 seconds with half the exits blocked before that model can be approved to carry passengers by FAA. The agency has no rules on seat width or the distance between rows, relying instead on the evacuation standards.
Munich Re sticks with coal underwriting despite investor pressure
Policymakers are pushing companies to do more to help meet a target, agreed in Paris in 2015, to limit global warming to below 2 degrees Celsius. Investors are increasingly using their financial muscle to reward those at the forefront of that transition.