The use of zombie tankers allows dark fleet operators to circumvent...
Category:
Reinsurance
Latest
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave...
Diana Baer appointed CFO for Munich Re Holdings of Australasia
Diana Baer has been appointed chief financial officer for Munich Re...
GIC Re back in black, posts a net profit of Rs 690 crore in Q1FY2023
Devesh Srivastava, CMD, GIC Re ``We are targeting a Combined Ratio of 100 per cent and work is on progress to achieve it in the medium term. We are now purely looking for profitable business and the market is aware of our focus. Topline growth will happen but it has...
Munich Re’s profit slumps, investment portfolio takes a hit of almost $1 billion
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
“Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile”
The initiative has been operating in a trial phase for the past two weeks. Ten ships – stuck in Ukraine since the war started – have departed with corn, soybeans and sunflower oil and meal. Two empty vessels have traveled to Ukraine to collect shipments. The biggest...
Argenta to wind-down Singapore platform
This change follows a decision by the ASML Board to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which are unaffected by the decision in respect of the Singapore business In due course, it is expected...
Russia finds a new route to oil market via a tiny Egyptian port
The unusual move makes the cargo’s ultimate destination harder to track, adding to a trend of Russian oil shipments becoming increasingly obscured since European buyers began to shun them following the nation’s invasion of Ukraine Russia appears to have found a new...
Ukraine seeks to extend shipping safe passage deal beyond grain
“We expect that the security guarantees of our partners from the U.N. and Turkey will continue to work, and food exports from our ports will become stable and predictable for all market participants,” Ukrainian Infrastructure Minister Oleksandr Kubrakov said on...
Berkshire Hathaway posts massive $43.8 bln loss; operating results improve
Warren Buffett, chairman, Berkshire Hathaway Operating results, as improved results from reinsurance and the BNSF railroad offset a loss from the Geico car insurer, where car parts shortages and higher vehicle prices boosted losses on accident claims. The slide in...
Shippers rerouted vessels as China began military drills around Taiwan
The Taiwan Strait is a key route, with almost half of the global container fleet passing through the waterway this year. The disruption is just the latest inconvenience for supply chains, which have been reeling since the start of the pandemic and Russia’s invasion of...
U.S. to declare monkeypox public health emergency
Cases have crossed 6,600 in the United States, as of Wednesday's data Washington: U.S. President Joe Biden's administration plans to declare the monkeypox outbreak a public health emergency as soon as Thursday, the Washington Post reported, citing unidentified...
AM Best maintains stable outlook on Malaysia’s non-life insurance segment
Malaysia's non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to...