The verdict awarded to the family of Shikha Garg is the first in...
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Zurich Insurance invests $170 million into APAC private debt
US life insurers have ramped up private debt investments,...
China accuses US of committing $13 billion bitcoin hack
The Chinese government has recently become increasingly vocal in...
Swiss Re to sell iptiQ’s European P&C business to Allianz Direct
The acquisition will expand Allianz Direct's footprint further into the B2B2C segment as it is taking over more than 130,000 iptiQ customers. The transaction is in line with Allianz Direct's goal to expand its B2B2C operations as it can capitalise on iptiQ's...
Lloyd’s appoints Nathan Adams as its Chief People Officer
Nathan Adams, Chief People Officer, Lloyd's John Neal, chief executive officer, Lloyd’s, said: “Nathan is a strong leader with outstanding experience driving the People agenda in large organisations. He will be a great addition to the team as we continue to focus on...
Deadly Spain floods show difficulty of adapting to intense rains
An extremely hot Mediterranean and warmer air temperatures exacerbated a type of storm system that is becoming more common in the Iberian peninsula due to global warming Floods that killed more than 200 people in eastern Spain this week were caused by a storm that...
Companies are dropping the D or E from DEI to avoid legal risks
Companies such as Toyota Motor Corp. and Ford Motor Co. have modified DEI initiatives after being attacked. After a backlash against DEI programs by conservative activists, a majority of executives in a new survey said that their companies have changed how the...
Berkshire’s cash soars to $325 billion, Buffett sells Apple, Bank of America
Insurance underwriting profit fell 69 per cent, dented by rising claims, $565 million of losses from Helene, and a bankruptcy court settlement related to defunct talc supplier Whittaker Clark & Daniels Warren Buffett and Berkshire Hathaway extended their retreat...
SIRC announces panel line-up, Sets stage for crucial conversations to shape re/insurance industry’s future
Andreas Berger, Group CEO, Swiss Re After the keynote address by Gan Kim Yong, Deputy Prime Minister, Minister for Trade and Industry, Singapore, SIRC will kick off with an address by Swiss Re Group’s Andreas Berger as he makes his first conference appearance in Asia...
Global insured cat losses to exceed $102 billion: Aon
The report highlights that insured losses from primary perils during the first nine months of 2024 were relatively low, with no event exhibiting the potential to significantly impact the broader reinsurance market LONDON: A report by Aon plc reveals that there were at...
APAC presents an attractive growth narrative, facilitating sustained reinsurance capacity: S&P report
However, challenges are emerging, including rising physical risks, a slower economic outlook, and still costly retrocession cover, which may increase margin volatility, cautioned the report HONG KONG: Asia-Pacific continues to present an attractive growth narrative,...
Toxic waste that set off global outcry seized by Albania
The shipments attracted international scrutiny because Thailand and other Southeast Asian countries have seen an influx of trash from developed countries, from dirty plastic to industrial and electronic waste. The illegal trafficking of waste worldwide generates as...
Spain searches for bodies after unprecedented flooding claims at least 158 lives
Human-caused climate change has doubled the likelihood of a storm like this week’s deluge in Valencia, according to a rapid but partial analysis Thursday by World Weather Attribution, comprising dozens of international scientists who study global warming’s role in...