The proposal submitted by Bahrain, Japan, Panama, Singapore and...
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X hit by major global outage; thousands of users affected
On the mobile application, logged-in users found themselves unable...
Hormuz traffic plunges sharply, daily vessel crossings drop to 10 from 135 in Feb: S&P Global Energy
The slowdown has led to severe congestion, with around 850 oil...
Swiss Re appoints Kera McDonald as its Group Chief Underwriting Officer
Swiss Re's Group Chief Executive Officer Andreas Berger said: "Underwriting is at the core of everything we do, and the re-establishment of this function underscores our commitment to enhancing technical excellence across all businesses.'' Zurich: Swiss Re announced...
Google set to be charged with breaching EU rules
The European Commission has been investigating Google for potential breaches of the Digital Markets Act since March last year. One probe focuses on whether Google favors its vertical search engines such as Google Shopping, Google Flights and Google Hotels over rivals,...
Munich Re appoints Hanh Nguyen as its Head of Treaty P&C Underwriting for South-East Asia and India
Hanh Nguyen, Head of Treaty P&C Underwriting- designate, South-East Asia and India Hanh Nguyen said,`` Underwriting discipline will remain crucial for the markets. We strive to increase insurance penetration in the region by fostering risk mitigation measures,...
Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the power of Berkshire's insurance operations and investments,"Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster Warren Buffett's Berkshire Hathaway on Saturday posted its third straight...
Apple removes Data Protection Tool in UK amid privacy row
While the UK Home Office has refused to comment on the issue, The Washington Post' had quoted US sources as saying that Apple was likely to stop offering encrypted storage in the UK after the Home Office served the multinational company with a Technical Capability...
Climate Goals Still Make Business Sense, Rio Tinto CEO Says
Jakob Stausholm,Chief Executive Officer, Rio Tinto Group His comments come as firms from Walmart Inc. to the Coca-Cola Co. defer or abandon climate and environmental ambitions, arguing policy settings and slow advances in technology are making planned emissions cuts...
Delta Air Lines offer $30,000 to each passenger for Toronto disaster
Carriers in the past have made similar payments, such as $5,000 to help passengers replace possessions lost on US Airways’ “Miracle on the Hudson” flight in 2009 Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest...
Some tankers in Mediterranean Sea visiting Russian ports hit by mystery explosions
“All the indications are that these have been deliberately orchestrated, but it’s with a significant degree of sophistication,” said Munro Anderson, head of operations at Vessel Protect, a major war-risk insurer of ships. “So, the big question that leads to is: ‘by...
Deadly airline crashes tarnish industry’s sterling track record
And although the recent string of accidents may be statistical anomalies, they’re still startling given how US commercial passenger carriers had enjoyed years without a fatal crash, said Kristy Kiernan, a safety expert and associate professor at Embry-Riddle...
Demographic reality – a growing elderly population with fewer working-age people
Jad Ariss, managing director of the Geneva Association, said: “The longevity revolution is one of the defining challenges – and opportunities – of our time. Insurers are uniquely positioned to help people navigate longer lives. This will require bold innovation and...