Edgar Puls, CEO of HDI Global. HDI Global will sharpen its...
Category:
International News
Latest
Aon appoints Nick Fraccalvieri as CEO of global facultative for its Reinsurance Solutions
In his new role, Fraccalvieri will be responsible for setting the...
Bayer proposes $7.25 billion plan for all Roundup cancer cases
The plaintiffs say they developed non-Hodgkin lymphoma and other...
Miller continues Asia expansion, enters Korean market
Ron Whyte, Head of Asia at Miller, commented: “Today’s announcement further demonstrates Miller’s commitment to the Asian market, which remains a cornerstone of our ambitious international growth objectives London: Miller, an independent specialist (re)insurance...
WTW launches a new primary cyber insurance solution for businesses in Singapore and Hong Kong
While organisations in Asia race to adopt new technologies such as generative AI, a basic understanding is needed of the immediate, mid-term and long-term implications of these technologies for their cyber-resilience posture. Simply having a cyber insurance policy in...
Tougher US sanctions to curb Russian oil supply to China and India
Sanctions on Russian oil insurers will prompt Russia to price its crude below $60 a barrel so Moscow can continue to use Western insurance and tankers Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and...
New U.S. sanctions against Russian energy interests
Two Russia-based maritime insurance providers: Ingosstrakh Insurance Company and Alfastrakhovanie Group, both previously sanctioned by the UK and 69 vessels owned by Sovcomflot, including 54 oil and product tankers and four liquefied natural gas (LNG) tankers have...
Europe asks airlines to steer clear of Russia Airspace after Azeri plane crash
In 2024, commercial aviation suffered its deadliest year since 2018 after the Azerbaijan Air crash and Jeju Air Co. disaster in South Korea drove up the toll in late December. In the Jeju accident, all but two of the 181 people on board died The European Union...
South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny
Authorities have suggested a bird strike contributed to the accident, but as part of their probe into the incident aboard Boeing 737-800, police have raided the airlines’ Seoul office to seize documents related to the operation and maintenance of the plane Before it...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...
US ‘notorious markets’ report warns of risks from online pharmacies
The report says 96 per cent of online pharmacies were found to be violating the law, many operating without a license and selling medicines without prescriptions and safety warnings. Nearly all of the world's 35,000 online pharmacies are being run illegally and...
McGill offers property war reinsurance for Ukraine
McGill said it had collaborated with local Ukrainian insurer ARX to provide up to $50 million in cover for each commercial property policy, with reinsurance from companies in London, including Lloyd’s of London syndicates Broker McGill and Partners has launched a...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, "We expect a majority of the losses to be related to homeowners' coverage and a significantly lesser amount to commercial," it said U.S. private forecaster AccuWeather...