The newly formed syndicate has received in principle approval to...
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Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
Nestle plunged into crisis as CEO fired for hiding romance with staffer
The loss of two CEOs and a chairman in a year is of historic...
DBS cuts CEO Gupta’s salary by 30% for digital banking outages
Piyush Gupta,Chief Executive Officer, DBS Bank’ Last year’s outages at DBS that saw payment and ATM transactions stalled across the city-state also resulted in the variable compensation for the group management committee collectively cut by 21 per cent from a year...
Premiums for disaster-prone areas need to be subsidised: Parl panel
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...
FSSAI approves amendments to streamline food safety and standards regulations
The Food Authority also approved a first-of-its-kind and comprehensive manuals of methods of analysis for ensuring regulatory compliance of the food products New Delhi: In a move that would facilitate ease of doing business through the concept of ‘One Nation, One...
120 patients in Israel exposed to medication error during hospital software malfunction
Of particular concern were patient discharge documents containing incorrect prescriptions. As the ministry received similar reports from other hospitals, it ordered an investigation Tel Aviv: Knesset lawmakers briefed by Health Ministry officials on Monday were told...
WTW launches world-first parametric insurance protection for endangered South Pacific coral reef system
Sarah Conway, Director and Ecosystem Resilience Lead, WTW, said: “We are grateful to BHP for supporting the design and implementation of the first coral reef insurance programme in Fiji. Building on lessons learned from our involvement with similar initiatives in...
Consortium launched to address growing burden of lung cancer in Asia-Pacific
Lung cancer has a significant health and economic impact in the APAC region. It is the most prevalent cancer, accounting for about 1 million deaths per year, and projected to rise to over 1.8 million by 2040 SINGAPORE: On World Cancer Day, a consortium called the Asia...
Cyber threat,public liability and geopolitics pose greatest risk to organisations: WTW survey
Ben MacCarthy, Head of Real Estate, Hospitality & Leisure, Asia, at WTW, said: “We found APAC firms pursuing innovative solutions through Proptech, with a focus on SMART buildings and improving ways data is accessed accurately especially to adapt to ESG and...
Deepfake video meeting with fake CFO costs company $25.6 mn
The company employees in the call looked and sounded like real people the targeted employee recognised.They followed instructions given during the meeting and made 15 transfers totalling HK$200 million $25.6 million) to five Hong Kong bank accounts. Hong Kong: A...
Investors dig into India’s stock market as China flounders, discount risks
Global investors' desire to own a piece of the brightest market in the emerging world has been the catalyst, says Remi Olu-Pitan, head of multi-asset growth and income at asset manager Schroders, but that has meant an under-appreciation of the vulnerability and risks...
Availability of containers not affected due to Red Sea crisis: Patel
Minister of State for Commerce and Industry Anupriya Patel said that Indian Navy has substantially enhanced maritime surveillance efforts in central/north Arabian Sea and augmented force levels. For effective surveillance of EEZ (exclusive economic zone), Indian Navy...