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WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
Tadashi Yamanaka, executive officer of System at Sompo Direct...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The...
Howden places new leadership across the regions and verticals
Asia Pacific, with Goh Chye Huat and Matt Bacon leading Asia and Pacific respectively, will be chaired by Mark Wood. India, Middle East & Africa and LatAm will be led by Sonia Caamaño, currently CEO International Growth Markets, and chaired by Paul Redgate, with...
Aon launches a new climate innovation hub in Singapore
(Lto R) Greg Case, CEO, Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board inaugurating Aon's new climate innovation hub in Singapore “Climate change is a reality, not a probability. In 2022, there were $313 billion in total economic losses from...
EU plans tough ‘value for money’ rules for investment products – draft document
The draft law calls on EU securities watchdog ESMA and its counterpart for the insurance sector, EIOPA, to come up with benchmarks industry would have to use to show that the cost of a product is justified and proportionate Banks, insurers and asset managers in the...
Supply chain risks spur demand-bulge for business interruption coverage: WTW Survey
“From multiple geopolitical tensions to ongoing inflationary pressures, global uncertainty is adding complexity to businesses just as they are recovering from the supply chain crisis. They will now be in catch-up mode against a disruptive environment, facing...
Aon launches dedicated unit to drive climate analytics and advisory into multiple sectors
More than 400 natural catastrophes caused $313 billion of damage worldwide in 2022 As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk. Aon's Climate Risk Advisory to help clients meet their reporting...
Aon identifies ‘invisible’ cyber risks to global energy storage market
Energy businesses, in particular, are facing an increasingly complex cyber risk landscape, with new forms of volatility and current geopolitical tensions driving scrutiny on the security of essential energy infrastructure Sustained cyber resilience is contingent on...
Economic and cyber risks are the top risks facing Directors: Report
Economic risk was considered the top risk for businesses by 63% of global directors, closely followed by cyber risk at 62%, says a global Directors Liability 2023 survey from WTW and Clyde & Co, a leading global law firm SINGAPORE: Economic and cyber risks,...
Tanker company transporting Russian Oil loses insurance on G-7 Cap
Since early December, companies in G-7 countries have only been allowed to provide services for Russian oil if the cargoes cost $60 a barrel or less An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after...
Black Sea grain deal could start winding down next week ahead of ‘expected’ closure
Russia has strongly signaled that it will not allow the Ukraine Black Sea export deal - agreed in July last year - to continue beyond May 18 because a list of demands to facilitate its own grain and fertilizer exports has not been met. A deal allowing the safe Black...
CBI asks ex-J&K governor Satya Pal Malik to answer queries related to insurance ‘scam’
Satya Pal Malik,former Governor, Jammu and Kashmir Unknown officials of the finance department of the government of Jammu and Kashmir, by abusing their official positions in a conspiracy and connivance with Trinity Reinsurance Brokers Limited, Reliance General...