UAE floods prompt concerns for local insurance sector: S&P

UAE floods prompt concerns for local insurance sector: S&P

Following unprecedented rainfall and widespread flooding in the United Arab Emirates (UAE), concerns have arisen regarding the local insurance sector’s capacity to handle the expected surge in motor and property damage claims, according to analysts at S&P Global Ratings. Reuters On April 15-16th, the UAE experienced the heaviest downpour since records began in 1949, resulting…

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What could a B government loan program do? Turn Indigenous communities into powerful investors

What could a $5B government loan program do? Turn Indigenous communities into powerful investors

Downtown Toronto is a long way from most communities where the federal government’s Indigenous loan guarantee program will be put into action, but it’s where the buzz about the new $5-billion program could be heard this week. “I’m excited,” said Robert Michell, Chief of the Stellat’en First Nation in central B.C., “it changes the game.”  “It’s huge…

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Moose Jaw business management student adds Co-operative Education Student of the Year to honours as she nears graduation

Moose Jaw business management student adds Co-operative Education Student of the Year to honours as she nears graduation

Home News 2024 Edzabeth Ortega was Saskatchewan Polytechnic’s first business student to complete a cooperative education placement with Saskatoon-based electrical, automation and manufacturing services company Team Power Solutions. One of the company’s founders, Brook Davis, met Ortega at a Sask Polytech career fair where he was scouting engineering technology students and says that, almost immediately,…

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Arch Insurance Intl. names Kirsten Valder as Deputy CEO

Arch Insurance Intl. names Kirsten Valder as Deputy CEO

Arch Insurance International, part of Bermuda based re/insurer Arch Capital Group Ltd., has appointed Kirsten Valder as its new Deputy Chief Executive Officer (CEO), effective immediately. Valder will be based in London and will continue to report to Hugh Sturgess, CEO of Arch Insurance International. Sturgess commented, “Kirsten has played a leading role in the…

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