The new laws will make it easier for foreign doctors to practise in...
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India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UN
According to the 2023 release, 1.1 billion out of 6.1 billion...
Helicopter with six on board missing near Mount Everest in Nepal
According to initial reports, the helicopter was carrying a total...
British Airways cyber attack: 380,000 customers hit, carrier ‘deeply sorry’
Around 380,000 card payments were compromised, the airline said, with hackers obtaining names, street and email addresses, credit card numbers, expiry dates and security codes – sufficient information to steal from accounts.
Munich Re reclaims top spot in A.M. Best’s Top 50 Ranking of Global Reinsurers
Berkshire Hathaway Inc. moved up two spots from last year’s ranking to No. 3, pushing Hannover Rück SE and SCOR SE to the four and five spots, respectively.
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.