Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE...
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EU strikes deal to further weaken corporate sustainability laws after US pressure intensifies
The agreement reached, which also scales back the scope of the...
Berkshire Hathaway announces a shakeup of its top management team as Warren Buffett set to retire
Warren Buffett Berkshire Hathaway also announced changes in its...
Ireland fines LinkedIn 310 mn euros over EU data breach
The Data Protection Commission (DPC) issued the Microsoft-owned website its first EU fine saying "the consent obtained by LinkedIn was not given freely" An Irish regulator helping to police European Union data privacy said Thursday it had fined professional networking...
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Marsh said the fall in the composite rate - the first since the third quarter of 2017 - was largely driven by increased competition among insurers in the global property market.On average, composite rates decreased in the Pacific by 6%, in the UK by 5%, in Asia by 4%,...
Africa CDC warns of monkeypox surveillance challenges as cases surpass 45,000
Data from the Africa CDC show that the Central Africa region registered 85.5 percent of all reported cases and 99.5 percent of deaths. Additionally, the number of cases reported so far this year has reflected a 400 percent increase compared to the entire 2023 Addis...
Meta, Google, TikTok must face schools’ addiction claims in US
The companies also face significant exposure from hundreds of personal injury suits accusing them of designing their platforms to encourage youths to spend unhealthy amounts of time on screens and suffering emotional trauma as a result. But the school cases may carry...
Lloyd’s and UNCDC establish first of its kind disaster resilience vehicle for Small Island Developing States
Initially covering Fiji, Papua New Guinea and Samoa, the vehicle will respond to disasters caused by natural perils including tropical cyclone, earthquake, tsunami and flood – with the long-term aim of scaling and replicating the vehicle throughout the Pacific region...
Seeking profit emerging markets lose ESG appeal
ESG investments in developing nations have floundered over the course of the past year, with emerging markets recording a third year of consecutive outflows, largely due to tighter global monetary policies in both developed and emerging economies. Sustainable...
EU AI Act checker reveals Big Tech’s compliance pitfalls
Companies failing to comply with the AI Act will face fines of 35 million euros ($38 million), or 7% of global annual turnover Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity...
AXA Insurance announces strategic name change of “XL Re China” to “AXA International Re”
By leveraging data, pricing strategies, and market expertise, AXA International Re is now in a very good position and will focus on developing products and pricing, offering a wider range of reinsurance solutions to its clients in the mainland Chinese market HONG...
Singapore lawmakers amend bill to stop Allianz’s insurance deal
The move comes two days after the government — in a rare move — said it wouldn’t be in the public interest for the Income Insurance Ltd. transaction to go ahead in its current form. It wasn’t satisfied the firm can continue to fulfill its social mission as a...
Chinese cyber association calls for review of Intel products sold in China
The industry group goes on to state that operating systems embedded in all Intel processors are vulnerable to backdoors created by the U.S. National Security Agency. Intel Corp. products sold in China should be subject to a security review, the Cybersecurity...