Marsh & McLennan Cos. and the Singapore Economic Development Board (EDB) announced the launch of the Asia Pacific Risk Center (APRC) in Singapore, which aims to analyze key risks facing industries and governments in Asia, ultimately helping the region’s decision …
Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry’s riskiest debt. The Norwegian company may sell as much as 1 billion kroner ($120 million) of so-called …
The world’s longest aircraft, the Airlander 10 airship, has crash-landed after a test flight in Bedfordshire, central England, its British manufacturer Hybrid Air Vehicles said on Wednesday. The airship, which is bigger than the size of six double-decker buses, sustained …
The first driverless taxi began work on Thursday in a limited public trial on the streets of Singapore. Developer nuTonomy invited a select group of people to download their app and ride for free in its “robo-taxi” in a western …
New Zealand led the world when it gave women the vote and introduced inflation targeting. Now it’s claiming another world-first: pizza delivery by drone. Domino’s Pizza Enterprises Ltd. has joined forces with U.S.-based self-proclaimed “flying robot” operator Flirtey for the …
XL Catlin’s insurance operations announced the appointment of Bonnie Chow as senior underwriter, Political Risk and Trade Credit insurance for Asia Pacific. She will be based in Sydney. Chow has over 20 years’ experience in the insurance and banking industries, …
A powerful earthquake in Italy on Wednesday is unlikely to force UnipolSai’s 200 million euro ($226 mln) catastrophe bond into default as the bond has low exposure to the affected region, the Italian insurer said. The earthquake devastated a string …
The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the London market, both A.M. …
U.K. lawmakers called for a ban on plastic microbeads used in products such as shaving gel, exfoliating scrubs and toothpaste, saying they are harming marine life and entering the food chain. In a report published Wednesday, the House of Commons …
A powerful earthquake hit central Italy in the middle of the night, killing at least 120 people, in the latest challenge to Italian Prime Minister Matteo Renzi as he tries to speed up the country’s economy and overhaul its political …
