`We have a small exposure for LA wildfires. It's not major....
Category:
Reinsurance
Latest
China asks insurers to hold sufficient capital and liquidity
Companies should establish a concentration risk information...
Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy
“Imports need ships which are not sanctioned, insurance which takes...
Gallagher rebrands its Indian broking outfit
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: "This marks the first time the standalone Gallagher brand has been used in India and is a significant step as we continue to expand our footprint globally. We view...
SCOR Investment Partners launches an ESG focused debt fund
SCOR Infrastructure Loans IV, available to institutional investors, has secured an investment commitment of EUR 150 million from SCOR, the company’s anchor investor, and has a target fund size of between EUR 750 million and EUR 1 billion. Paris: SCOR Investment...
Chinese virus cases climb, raise threat of trade disruption
The restrictions have wider potential ramifications, coming at a time when the global economy is under pressure from Russia's war on Ukraine, surging oil prices and weak consumer demand. "We can think of no risk to the global economy, excluding nuclear warfare, that...
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Warren Buffett, chairman, Berkshire Hathaway The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.Though...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
ICEYE and Fermat Capital Management enter strategic alliance
Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...
Russian airlines will keep planes leased from foreign firms
A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...
China’s lockdowns due to Covid surge could threaten half of economy
Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...
Mumbai becomes first South Asian city to detail net-zero roadmap
By 2050, rising sea levels are expected to flood those parts of the city. In total, unabated climate change could cost the city $920 million Drawing on inputs from officials, citizens, researchers and companies, Mumbai’s plan lists changes across six domains. This...
Allianz, Swiss Re join other financial firms in turning from Russia
Insurance broker Willis Towers Watson also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh and Aon FRANKFURT: FRANKFURT/LONDON/ZURICH: Allianz and Swiss Re said on Monday they were cutting back on Russian business as European...