Two of Lloyd's Syndicates, Syndicate 2047 set up by Bobby Swarup'...
Category:
International News
Latest
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO
Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over...
Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60...
Boeing settles lawsuits with two 737 MAX crash victims’ families
Boeing agreed in July to plead guilty to a criminal fraud conspiracy charge and pay a fine of up to $487.2 million. A judge set a June 23 trial date if no final agreement is reached. U.S. plane maker Boeing Co reached settlements with the families of two people who...
Comments made by Warren Buffett on social media sites are false
While Berkshire didn’t describe the nature of the posts, the firm’s statement came amid circulation of an Instagram post claiming that the 94-year-old billionaire praised President Donald Trump’s economic policy. The video was posted March 13, but it circulated widely...
Global credit starts to wobble as market pain spreads
Overnight in Asia, the Markit Itraxx Asia ex-Japan index, comprising sovereign and company debt, rose about 26 basis points to its highest since August last year “If we see credit struggling, spreads widening out significantly, precious metals and other havens like...
Rains add to challenge for Myanmar quake relief, toll at 3,471
In neighbouring Thailand, authorities said that country's death toll from the quake had risen to 24. Of those, 17 died at the site of a skyscraper in the capital, Bangkok, that collapsed while under construction. A further 77 were still missing there. BANGKOK: Rains...
AM Best upgrades credit ratings of FAIR Oil & Energy Insurance Syndicate
As at year-end 2024, the Syndicate consisted of 20 members from across the Africa, Middle East and Asia regions. While unique in its legal structure, the Syndicate operates like a traditional reinsurer, providing capacity and expertise to its members as well as...
WHO initiates a new global coordination mechanism for health emergencies
Tedros Adhanom Ghebreyesus, Director-General, WHO The two-day simulation, Exercise Polaris, tested WHO’s Global Health Emergency Corps (GHEC), a framework designed to strengthen countries’ emergency workforce, coordinate the deployment of surge teams and experts, and...
Tariff Turbulence: Aircraft supplier Howmet may halt orders if hit by Trump tariffs
Howmet's rare legal declaration does not mean that supplies will automatically be halted or disrupted but opens the door to the supplier potentially claiming it cannot meet its contracts if impacted by the emergency order. any successful declaration of force majeure...
Future Cars: Automakers design multisensory stress-reduction features for well-being of drivers
“True luxury now extends beyond aesthetics and performance,” says Bart Herring, vice president of sales and product at Mercedes-Benz USA. “It’s about the overall well-being for drivers and passengers.” The Lincoln Nautilus sports the same constellation grille, rounded...
Hackers target Australia’s major pension funds, steal savings from the biggest fund
AustralianSuper, the country’s largest fund managing A$365 billion for 3.5 million members, said that up to 600 member passwords had been stolen to access accounts and attempt fraud Hackers targeting Australia’s major pension funds in a series of coordinated attacks...
Scor under examination over former chair’s alleged acts related to a Covea deal
Denis Kessler, former chairman, SCOR Denis Kessler, who was SCOR’s chairman for 21 years until his death in 2023, Adrien Couret, CEO of mutual protection group Aema, and Jean-Claude Seys, co-founder of Covea, were said to have tried to derail the deal, according to...