The initial 7.7-magnitude quake struck near the central Myanmar...
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Japan issues mid-level volcano warning
"Volcano warning issued for Kirishimayama (Shinmoedake) (near...
Myanmar quake death toll passes 1,600, as junta lets in foreign rescuers
Friday's 7.7 magnitude quake, among the biggest to jolt the...
Royal Mail export services severely disrupted after ‘cyber incident’
The “cyber incident” is the latest in a growing list of high-profile cybersecurity events in Britain. London: Britain’s Royal Mail said on Wednesday it was facing severe disruption to its international export services following what it described as “a cyber incident.”...
TMK launches first life science insurance product, intellectual property and cyber coverage under one policy
Aoife Woulfe, head of intellectual property at TMK, added: “This is the first time an ‘all-singing, all-dancing’ intellectual property product has been released as part of a life science package to the Lloyd’s market, offering broad coverage for a full range of IP...
WTW combines Asia and Australasia into one Asia Pacific, appoints Simon Weaver to head new region
Based in Australia, Simon is responsible for driving business growth throughout the newly integrated region, enabling closer collaboration across the businesses to deliver superior advice, broking and solutions in the areas of people, risk and capital to organisations...
Cost-of-living crisis biggest Global Risk: Davos Study
"The short-term risk landscape is dominated by energy, food, debt and disasters," said Saadia Zahidi, a managing director at WEF The cost-of-living crisis is the biggest global risk over the next two years, the World Economic Forum warned Wednesday in a survey...
Electric cars are getting too big and bulky, US safety regulator warns
I’m concerned about the increased risk of severe injury and death for all road users from heavier curb weights and increasing size, power, and performance of vehicles on our roads, including electric vehicles,” Homendy said in remarks delivered Wednesday in...
Catastrophe bond yields soar as disasters abound and rates rise
The increasing threat of losses from disasters make issuing new cat bonds all the more important for the insurance industry, but it might be difficult to find enough investors.Margins on new issuances of catastrophe bonds covering US wind events are now at the highest...
Environment risks dominate in “polycrisis” world – WEF survey
The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail,” said John Scott, head of Sustainability Risk at Zurich Insurance Group, which partnered on the report with risk strategy group...
U.S. air travel rumbles back to life after FAA computer outage
The cause of the problem with a pilot-alerting system, which delayed thousands of flights in the United States, was unclear, but U.S. officials said they had so far found no evidence of a cyberattack. Washington DC: U.S. flights were slowly resuming departures and a...
WHO backs mask wearing on long flights as new Omicron variant spreads
Passengers should be advised to wear masks in high-risk settings such as long-haul flights, said the WHO's senior emergency officer for Europe, Catherine Smallwood, adding: "this should be a recommendation issued to passengers arriving from anywhere where there is...
Beazley launches industry’s first Cyber Catastrophe Bond
This is the first time that a liquid Insurance-Linked Securities (ILS) instrument has been created for cyber catastrophe risks, said Beazley The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with the...