Finance minister Sitharaman, while speaking in the Lok Sabha, said,...
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Fifth La Niña in 6 yrs to disrupt crops and supply chains
The La Niña phenomenon is often linked with droughts in California,...
Warren Buffett’s successor Greg Abel had steady rise at Berkshire
Greg Abel, CEO designate,Berkshire Hathaway Ajit Jain, 74, also a...
Insurers face business interruption claims after global tech outage
"Some cyber insurance policies exclude non-malicious events, and there are waiting periods and deductibles that businesses will have to consider before making a claim with their insurance carriers," said Nir Perry, CEO at CyberWrite, a cyber insurance risk platform...
FM Global unveils updated brand to reflect its growth and commitment to protecting client risk
“We believe that by uniting our businesses under the FM brand, we will streamline and strengthen our market position, which will allow us to provide an even better experience for our current clients and reach more organizations that share our belief that the majority...
ASPEN launches data labs to drive business’ data and artificial intelligence agenda
Christian Dunleavy, Group Chief Underwriting Officer, said: "Technology, and increasingly the potential of AI, is vital to our strategy. Aspen Data Labs will be instrumental in enhancing our decision support systems to bring solutions that improve our operations and...
“Megatrend” Risks are not getting properly addressed by business entities, finds out Aon Survey
The survey results highlight that supply chain risks are top of mind in the C-suite, with 74 percent of business decision makers saying that their responsibility for supply chain or distribution functions has increased over the last year DUBLIN: Aon plc, a leading...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the Boston-based firm that carries her name, says the cumulative effect of past climate change is an 11% jump in insured losses related to hurricanes. Her firm’s projections to 2050 suggest that climate change...
Allianz eyes 51% of Singapore’s Income Insurance with $1.6 billion offer
Allianz said the deal will turn it into the fourth-largest composite insurer in Asia, adding a household name in Singapore that distributes a full range of life and non-life products. Chief Executive Officer Oliver Baete, who is expected to outline new financial...
Ships fleeing the Red Sea now face perilous African weather
Storms near the African coastline are playing havoc with the key route that vessels have been using to avoid attack by Yemen’s Houthi militants in the Red Sea. Container ships in particular have diverted thousands of miles around the continent, instead of running the...
Govt may introduce insurance laws amendment bill in Budget session
Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers...
Rush to prevent oil spill from grounded ship off South African coast
The Panama-flagged "Ultra Galaxy" ran aground close to Doring Bay, some 300 km north of Cape Town, late on Tuesday after it started listing badly. The ship was abandoned by its 18-strong Filipino crew while still at sea and concerns have since risen over the potential...
CMA CGM says its ship lost 44 containers in tough weather
“No injury to the crew has been reported, no pollution, no strong damage to the vessel which remains fully seaworthy,” the company said, adding that 33 additional containers had been damaged French shipping and logistics company CMA CGM said on Thursday that its ship...