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Generali Is Seeking Buyers for Turkey, Philippines Units: Sources

Jun 21 2024 // Assicurazioni Generali SpA is seeking to sell its units in Turkey and the Philippines, people with knowledge of the matter said. The Italian insurer has kicked off separate processes to dispose of its small Istanbul-based...

US, Philippines Pay Highest Economic Price for Climate-Fueled Weather

Feb 28 2024 // The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss...

Philippines Coast Guard Identifies Marshall Islands Oil Tanker in Fatal Collision

Oct 4 2023 // Three people are dead after a Philippine fishing boat collided with an oil tanker in what the nation’s coast guard described as an accident near a disputed South China Sea shoal. Survivor accounts of the tanker fit...

Typhoon-Prone Philippines Seeks New Insurance After Lapse of Catastrophe Bond

Jul 27 2023 // The Philippines, recovering from damage wrought by Typhoon Doksuri, is seeking a new insurance plan as protection against future calamities after its catastrophe bond lapsed. “We no longer have a cat bond,”...

Update: China Girds for Typoon Doksuri as Death Toll Rises in Philippines

Jul 27 2023 // China canceled dozens of flights and trains in preparation for Typhoon Doksuri, which has shuttered much of southern and eastern Taiwan after bringing torrential rain and strong winds to the Philippines. At least 11 people...