Marcos Neto, UN Assistant Secretary-General and Director, UNDP The...
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Boeing may face first civil trial over payouts to Ethiopia crash victims’ families
An eight-person jury would be tasked with deciding how much Boeing...
Marsh appoints Andrea Bono as CEO of India, Middle East, and Africa
Andrea Bono, CEO=designate, India, Middle East, and Africa (IMEA),...
Insurers achieve positive mid-year renewal outcomes, Global reinsurance capital reaches a new record of $695 billion by Q1 2024, says Aon
Aon Securities estimates that overall ILS capital increased to an all-time high of $110 billion through the second quarter, increasing from $108 billion at year-end 2023, with a record $46 billion of catastrophe bond limit on-risk. For the first time, more than $8...
Beryl makes landfall as Category 4 hurricane on island near Grenada
"This is an extremely dangerous and life-threatening situation," the US National Hurricane Center said. Experts say that such a powerful storm forming this early in the Atlantic hurricane season -- which runs from early June to late November -- is extremely rare....
Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a cyber-attack, but businesses are able to reduce those costs with better back-up systems, such as through the use of cloud providers, the report said Cyber insurance premiums are falling globally as...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the transition and adapting economies to a new climate era, it will require a paradigm shift in how risk management is prioritised if climate finance is to be deployed and businesses are to secure their...
Cost of new drug development is key concern for life science as focus shifts to repurposing: WTW Survey
The survey also revealed that regulation and reputation risk have risen to the top of the life science agenda as companies feel pressure on a range of issues such as increasing regulatory activity post-Covid, U.S. drug price controls, rising data privacy concerns, ESG...
Lawsuits targeting ‘Climate Washing’ becoming more frequent
Over 2023 some 233 new climate-related cases were filed worldwide, with cases in the Global South gaining traction. A ruling by the Supreme Court of India established a new constitutional right to be free from the adverse effects of climate change London: Companies...
After Oil, Russia may be building a shadow fleet for gas
Gas is key to the Kremlin’s plans to boost exports, replenish government coffers and fund its war machine — but that requires a larger share of the global LNG market, now that the once-lucrative European pipeline trade has been almost cut off. To date, expansion plans...
Australia approves ANZ’s $3.3 bln buyout of Suncorp Bank
ANZ CEO Shayne Elliott said the deal will allow it to add scale to its retail and commercial businesses, enabling ANZ to more effectively compete in the Australian market Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of...
Apple unfairly fired an employee for making racist comments, says UK judge
The UK’s legal regime encourages employers to aim for a zero tolerance of race discrimination, which can attract the most severe punishment for any breach. Apple must clearly set out a zero-tolerance policy and the consequences of its violation in order to implement...
WHO, scientists call for urgent action on mpox strain
Mpox is a viral infection that spreads through close contact, causing flu-like symptoms and pus-filled lesions. Most cases are mild, but it can kill The spread of mpox in Africa needs to be addressed urgently, the World Health Organization said on Tuesday, as...