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China charges former AstraZeneca regional head with “unlawful collection of personal information and medical insurance fraud”
a former executive vice president and a former senior employee of...
BMW recalls hundreds of thousands of cars due to a potential fire hazard
BMW said that product inspections and customer complaints revealed...
2 dead and 19 injured in Southern California plane crash
The people who died were believed to have been on the plane, while those injured were inside the building. The deceased victims will be identified after officials have contacted the next of kin, the Fullerton Police Department said in a statement FULLERTON, Calif: Two...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near or below 90% and a low-teens ROE for 2024. Not only have reinsurers' operating and performance ratios improved but so have aggregate balance sheet metrics, providing some context around how quickly and...
Jan 1 renewals see softening of reinsurance pricing, favourable market conditions to persist in 2025: Howden
After an extended period of rate increases across the (re)insurance sector – driven by accumulating and intersecting crises, capital constraints and cyclical adjustments – the availability of deployable capacity in the marketplace signals a new phase in the cycle,...
LIC remains 4th largest global life insurer in S&P’s latest ranking
Published a week back, S&P has Allianz SE, ($807 billion, 4.8%), China Life Insurance Co. ($685 billion, 3.9%) and Ping An Insurance (Group) Co.($686 billion,13.3 %) of China Ltd. as the three largest life insurance companies in the world, according to a ranking...
Brazil says workers at China’s BYD site are victims of human trafficking
The investigation also brings unwelcome attention to BYD when it is seeking to expand globally after having gained dominance in China, the world’s largest auto market, where it now takes up more than a third of the market of EVs and plug-in hybrids Chinese workers at...
Commercial aviation suffers deadliest year since 2018
The spike in fatalities marks a reversal from 2023, which became the safest year ever in aviation with no deaths among large passenger jetliners — typically planes made by Airbus SE and Boeing. Commercial aviation has suffered its deadliest year since 2018 after the...
Beijing to boost driverless vehicle use, regulations to kick in from Apr 1
Autonomous vehicles that pass road testing and safety assessments will be allowed to apply for road trials.Chinese authorities have been aggressively greenlighting trials for self-driving technology with at least 19 cities conducting robotaxi and robobus tests China's...
China’s 2024 GDP growth set to hit target of around 5%, says Xi Jinping
China is expected to set a 2025 growth target roughly similar to this year’s, as top leaders signaled earlier this month they’re willing to embrace more forceful stimulus measures. That would help the economy counter any impact from potential increases in US tariffs...
World population will be 8.09 billion on New Year’s Day after a 71 million increase in 2024
The 0.9% increase in 2024 was a slight slowdown from 2023, when the world population grew by 75 million people. In January 2025, 4.2 births and 2.0 deaths were expected worldwide every second, according to the estimates New York: The world population increased by more...
South Korea’s Jeju Air crash insured by Samsung Fire & Marine and 4 others, reinsured by AXA XL
The aviation insurance industry could be looking at a claim for about $15-$20 million under the airline hull insurance policy, and total passenger liability claims of $120-$180 million due to the crash, according to Marcos Alvarez, managing director of global...