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Specialist Risk Group Launches APAC Unit in Singapore, Buys Local Broker
Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced its launch in Asia Pacific with a new subsidiary in Singapore. As the first part of its expansion plans, SRG has, through …
POSTED OCTOBER 15, 2024 9:51 AM |
La Niña Is Becoming Less Likely, Australia’s Weather Bureau Says
The likelihood of a La Niña weather event in coming months has decreased, Australia’s weather bureau said on Tuesday, adding that if the phenomenon did appear, it would be weak and short-lived. The development of La Niña and its opposite, …
POSTED OCTOBER 15, 2024 9:27 AM |
Typhoon-Hit Southeast Asia to See a Rainy End to 2024
Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year. Weather forecasters predict wetter conditions from the Philippines to …
POSTED OCTOBER 15, 2024 7:10 AM |
Arch Capital Group Names Papadopoulo CEO as Grandisson Retires
Arch Capital Group Ltd., the Bermuda-based re/insurer, announced that Nicolas Papadopoulo has been named chief executive officer and is joining the board of directors effective immediately. Papadopoulo has held his current positions of president and chief underwriting officer since 2021 …
POSTED OCTOBER 15, 2024 6:46 AM |
Insurance Claims Confirm Many Israeli Structures Damaged in Iran Attack
Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the costliest since the start of …
POSTED OCTOBER 15, 2024 6:28 AM |
Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal
The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by Allianz SE to buy a majority stake in a homegrown insurance firm, three months after the transaction sparked a public backlash. The government decided it wouldn’t be …
POSTED OCTOBER 15, 2024 6:10 AM |
Honda Recalling 2 Million Vehicles Over Steering Issue
Honda Motor said it is recalling 2 million cars and SUVs in North America over an issue that can make steering more difficult and increase the risk of a crash. The recall by the Japanese automaker includes various 2022 through …
POSTED OCTOBER 15, 2024 5:11 AM |
J&J’s Court-Shopping Win Highlights Irresistible Bankruptcy Tool
Johnson & Johnson’s successful use of a “court-shopping” legal tactic to advance its latest plan for resolving thousands of cancer claims spotlights a controversial bankruptcy maneuver corporations have long employed to avoid unfavorable rulings. A federal bankruptcy judge in Texas …
POSTED OCTOBER 15, 2024 5:09 AM |
Tenn. Authorities Continue to Investigate Container Suspected of Holding Dynamite
KNOXVILLE, Tenn. (AP) — Authorities in eastern Tennessee continued Friday to investigate a container suspected of holding large amounts of dynamite, warning residents that evacuations will likely remain in place throughout the night. “Until we know more, we implore people …
POSTED OCTOBER 15, 2024 5:02 AM |
If Flood Insurance Lapsed, FEMA Extends Grace Period to Renew Policies
WASHINGTON (AP) — Residents in the states hit by Hurricane Helene who had coverage through the federal flood insurance program but let it lapse before the storm hit may be able to renew it and still be covered from the …
POSTED OCTOBER 15, 2024 5:01 AM |
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