The findings come as the industry grapples with an intensifying...
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Amid Air India probe, US FAA, Boeing notify fuel switch locks are safe, document, sources say
The FAA's Continued Airworthiness Notification on July 11 came...
10 hydropower projects damaged in Nepal floods, no significant effect on power export
In a statement, Independent Power Producers Association Nepal...
Marsh partners with Ukrainian govt and insurers for cost-effective covers for Black Sea grain shipments
Denys Shmyhal, Prime Minister of Ukraine, said: “The launch of the Unity facility will enable Ukraine to provide vital food supplies to the world at the same time as supporting the Ukrainian economy and keeping the Black Sea open for international trade. This...
Salaries in Southeast Asia to rise in 2024 defying economic slowdown concerns: Aon
Attrition rates across southeast Asia have dropped in 2023 compared to 2022 yet continue to remain in the double digits a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent Singapore: Aon plc has released its 2023...
Cyber ‘Catastrophe Bonds’ set to test bond markets
Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And AXIS Capital is preparing to issue a $75 million cyber...
Russian flagship carrier Aeroflot says it clinches deal with lessor
Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows Russian flagship carrier Aeroflot said on Thursday it...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
Ukraine export corridor freight costs reverse brief rise
As a result of the Russian attack, sea freight rates rose $20 a tonne and the number of shipowners willing to load in Ukrainian ports decreased, Spike Brokers, which tracks and publishes export statistics in Ukraine, said on Telegram early on Friday Freight costs for...
Lloyd’s of London SPAC venture scrapped due to volatile markets
Following a frenzy of deals in the early days of the COVID-19 pandemic, SPACs have lost popularity as they struggle to find businesses to merge with. Others have seen lackluster stock performance after acquiring a target Financials Acquisition Corp. said Monday it...
Tokio Marine Holdings launches disaster prevention & mitigation subsidiary
Tokio Marine Resilience will promote comprehensive disaster prevention and mitigation solutions through planning, developing and providing new services Tokyo: Japanese major Tokio Marine Holdings, Inc. (TMHD”) has announced the establishment of a 100 per cent owned...
Nations to develop mechanism for use of digital sequence information on genetic resources
Digital sequence information(DSI) is a placeholder term to refer to data derived from de-materialised genetic resources. It includes nucleic acid sequence data and potentially other data such as protein sequence data. DSI is crucial to research in a wide range of...
Australia says ports operator cyber incident ‘serious’
DP World Australia, which manages nearly half of the goods that flow in and out of the country, said it was looking into possible data breaches as well as testing systems "crucial for the resumption of normal operations and regular freight movement". The Australian...