by AIP Online Bureau | Nov 8, 2018 | International News, Reinsurance
London: Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio Millennium Re AG and Tokio Millennium Re (UK). If closing tangible book value is unchanged...
by AIP Online Bureau | Nov 8, 2018 | Articles, Risk Management
Although the global expansion has plateaued, easy monetary policies continue to support growth. But we shouldn’t rest too easily. Chapter 1 of the latest Global Financial Stability Report finds that short-term risks to the financial system have increased...
by AIP Online Bureau | Nov 8, 2018 | International News, Risk Management
A lawsuit targeting electric scooter-sharing companies seizes on the dangers of zipping around town on two wheels and brings gory detail to one of the more polarizing technology trends to emerge over the last year. Nine people who were injured by...
by AIP Online Bureau | Nov 7, 2018 | International News, Reinsurance, Risk Management
The Lion Air jet that crashed into the Java Sea off Indonesia earlier this week had experienced problems with the sensors used to calculate altitude and speed on its previous flight, an issue that could help explain why the plane dove into the water. ...
by AIP Online Bureau | Nov 7, 2018 | International News, Risk Management, Technology
Two U.S. government agencies are giving conflicting interpretations of a safety study on cell phone radiation: One says it causes cancer in rats. The other says there’s no reason for people to worry. No new research was issued but last week the...
by AIP Online Bureau | Nov 7, 2018 | International News
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. ...
by AIP Online Bureau | Nov 7, 2018 | International News, Reinsurance
FRANKFURT: German reinsurer Munich Re returned to profit in the third quarter and affirmed its guidance for 2018, recovering from a spate of natural catastrophes a year ago. Net profit came to 483 million euros ($553 million), it said on Wednesday,...
by AIP Online Bureau | Nov 7, 2018 | Indian News, Technology
Mumbai: Digital assistants, social media and third party channels are expected to be the primary channels for banking by 2022, apart from mobile and online, a report said on Wednesday. "After existing digital channels (mobile and online), digital...
by AIP Online Bureau | Nov 6, 2018 | Data, Health
Bill Gates thinks toilets are a serious business, and he’s betting big that a reinvention of this most essential of conveniences can save a half million lives and deliver $200 billion-plus in savings. The billionaire philanthropist, whose Bill...
by AIP Online Bureau | Nov 6, 2018 | International News, Risk Management
ISLAMABAD: In a major security breach, data of most of the banks operating in Pakistan has been hacked, a media report said Tuesday quoting a senior cyber crime official. The disclosure comes days after around 10 banks blocked all international...
