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America ages faster as baby boomers push nation’s median age to almost 39, fewer children are born
“In the short run, the crisis of work-family balance, the lack of...
UN says U.S. concerns have led to insurers quitting climate alliance
Reinsurer Swiss Re on Monday joined Munich Re, Zurich Insurance,...
Iran Oil exports face insurance snag no matter what Europe wants
From early November, U.S. sanctions will likely prevent members of the International Group of P&I from covering the global tanker fleet against risks including spills if they’re moving oil to or from Iran, Mike Salthouse, the chair of a sanctions committee for the IG Group, said on Monday.
Trump’s Iran withdrawal has oil shippers in limbo over insurance
Three of the main providers of cover to Iran’s main tanker fleet — Skuld, the Swedish Club and West of England Club — said they didn’t want to give any further guidance beyond what they published on their websites, saying the situation remains fluid.
China sentences Anbang’s ex-boss to 18 years in jail
The court said Wu illegally raised 65.2 billion yuan through the sale of insurance products beyond regulatory limits, and embezzled 10 billion yuan from Anbang’s insurance fund.
AIG shareholders approve $43 million pay package for CEO
AIG’s board compensation committee “believes this award properly motivates Mr. Duperreault to create sustainable, profitable growth for AIG, aligning his interests with those of our shareholders,” the proxy filing states.
AIG shareholders set to vote on pay package for new CEO
The company’s pay arrangements include $24.2 million for former CEO Peter Hancock, who stepped down last year under pressure, with a $5 million cash award “for his service through the transition” to Duperreault, according to the company’s annual proxy filing to the U.S. Securities and Exchange Commission in March.
Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking
This agreement signals strong demand for longevity reinsurance in the U.K., especially as a result of the growing desire among companies to de-risk their pensions. This desire has become more achievable due to the improved funding levels of U.K. schemes, many of which have spent several years progressively de-risking their liabilities.
Swiss Re CFO says SoftBank talks still on but no clear sign of deal
Net profit was $457 million, down 30 percent from $656 million a year earlier. Gross written premiums were up 13.1 percent in the quarter, at $11.5 billion, better than the $10.6 billion expected by analysts and above $10.2 billion a year ago.
Allianz’s climate protection package to catalyse a low-carbon economy
In Property and Casualty insurance, with immediate effect, Allianz will no longer provide insurance to single coal-fired power plants or coal mines, that are operational or planned. Companies that generate electricity from multiple sources, such as coal, other fossil fuels or renewable energies, will continue to be insured, and individually reviewed on the basis of defined ESG criteria.
More than 90 per cent people in the world breathing polluted air
WHO’s study, which examined health-hazardous levels of both outdoor and household air pollution, found that “around seven million people die every year from exposure to fine particles in polluted air.More than 90 percent of deaths linked to air pollution occur in low- or middle-income countries, mainly in Asia and Africa, it found.
Twitter also sold data to Cambridge Analytica researcher: Report
Aleksandr Kogan, who created tools for Cambridge Analytica that allowed the political consultancy to psychologically profile and target voters, bought the data from the microblogging website in 2015, before the recent scandal came to light, The Sunday Telegraph reported.