Boon brings with him more than 23 years’ experience of the Asian...
Category:
International News
Latest
ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT
Regulators aim to apply existing rules covering everything from...
One billion people in 43 countries face cholera risk, amid ‘bleak’ outlook: UN health experts
Echoing the bleak outlook, WHO data indicates that by May last...
Allianz expands entertainment insurance to Asia with Singapore launch
The Entertainment product line is the latest addition to a growing AGCS Asia book that contributed 6 per cent to overall global premium volume of EUR 7.4 billion in 2017.
GIC Re’s new Lloyd’s Syndicate to begin ops in Apr
Alice Vaidyan, CMD, GIC Re, said,“The Indian official reinsurer wishes to be the 10th (currently 12th) largest reinsurer in the world at the end of the current fiscal and the Syndicate formation marks an inflexion point in our corporate history through provision of global business access in collaboration with a globally respected brand and will help us broaden diversification and leverage deployment of capital resources.”
“Munich Re is again poised for growth”
“Our target for 2018 is slightly higher than the profit guidance for the previous year. Our growth initiatives in reinsurance are benefiting from tailwinds as prices rise. We are investing heavily in digitalisation and are cutting costs to prepare for digital transformation and make Munich Re fit for the future,”Joachim Wenning, Chairman of the Board of Management
90% bottled water brands contaminated globally
The findings suggest that a person who drinks a litre of bottled water a day might be consuming tens of thousands of microplastic particles each year
New Tata Steel UK pension scheme to be set up after meeting minimum criteria
This is very good news for the 83,000 members who wanted to receive their benefits from the New Scheme and chose to switch to it,” said Alan Johnston, who will now act as chairman to the trustee of the New BSPS.
UK insurer Prudential says to split into two
Prudential will become a solely international firm, focused on the U.S., Asia and Africa, and will be led by current Chief Executive Mike Wells. Prudential expects Asia’s expanding middle class to continue to drive that growth by fueling demand for more savings and life and health insurance coverage.
China to merge banking, insurance regulators in massive overhaul
The new regulator will be capable of “holding the bottom line to prevent systematic financial risk.The responsibilities of the two separate regulators currently overlap in some areas, leaving regulatory roles unclear, a parliamentary document says.The two regulators will hand off duties such as proposing laws to the People’s Bank of China in a sign that the central bank is beefing up its regulatory role.
50 people feared dead after a US-Bangla Airlines aircraft crashes at Kathmandu airport
The plane, a Bombardier Dash 8 Q400, with 67 passengers and four crew members caught fire after it careened off the runway during landing and crashed onto a football ground near the airport, TIA spokesperson Prem Nath Thakur said.
SCOR raises $ 625 million through innovative bonds
This is the first transaction for a restricted Tier 1 instrument with a principal write-down feature in USD, which provides the Group with the greatest financial flexibility and strongest quality of capital for a debt instrument
Cigna and Express Scripts in $67 bn health merger
“Together, our two organizations will help make the healthiest choices the easiest choices, putting health and pharmacy services within reach of everyone we serve,” Express Scripts chief executive Tim Wentworth said in a statement.