Ms Nor Shamsiah Mohd Yunus, governor of Bank Negara Malaysia will take over the chair of the Islamic Financial Services Board (IFSB) while Mr Mubarak Rashed Khamis Al Mansoori, governor of the Central Bank of the UAE will be the deputy chairperson, according to the IFSB council. The new appointments will take effect on 1 January 2020. Ms Nor Shamsiah takes over the chair from Mr Fazle Kabir, the governor of the Bangladesh Bank.
Swiss health technology and InsurTech firm dacadoo has successfully completed its C-round capital increase raising a total of CHF70m ($71.1m) across its various capital raising rounds over the last few years.
The Supervisory Board of Munich Re has appointed Dr. Achim Kassow to the board of management with effect from 1 May 2020. He will succeed Hermann Pohlchristoph, who for personal reasons will not be extending his Board appointment, which expires on 30 April 2020, and will be leaving the company.
HSB Engineering Insurance (HSB) has appointed Terry Dyson as director of business development and distribution, with immediate effect.
AXIS announced that Anne Melissa Dowling has been appointed to the company's board of directors, effective 1 January 2020. Ms Dowling will serve as a member of the company's audit, corporate governance and nominating, and finance committees.
Low interest rates will be the biggest threat to the profitability and solvency of life insurers, according to a recent report from Moody's Investors Service.
A survey by DHL Resilience360 shows that even as the US - China trade war drags into its 16th month, more than one-quarter of multinational firms have not made contingency plans.
Indonesia is the third-most spammed country in the world according to the latest Truecaller Insights Report published on 3 December 2019. The Swedish-based smartphone application Truecaller said this is a significant jump from last year's 16th position.
A report published by United Nations backed Principles of Responsible Investing Group (PRI) says, "Tighter government climate regulations by 2025 could wipe up to $2.3tn off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers."
The Zurich-headquartered insurance industry think tank Geneva Association has launched a Women in Insurance Award.