Total insured losses out of the collision are estimated to range...
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French households, businesses face soaring costs for insurance due to climate change: Govt
The cost of climate disasters may double in the 30 years through...
North Sea collision: 32 casualties brought ashore after ships collide catch fire in North Sea off eastern England
The tanker, believed to be the U.S.-flagged chemical and oil...
Global financial firms review risks of doing business in China over Taiwan tensions, political risk premium jumps more than 60%
Global insurers, meanwhile, are backing away from writing new policies to cover firms investing in China and Taiwan, and costs for political risk coverage have soared more than 60% since Russia’s invasion of Ukraine Insurers are underwriting new policies, but...
Marsh McLennan announces John Q. Doyle to succeed Daniel S. Glaser as President and CEO
John Q. Doyle,President and Chief Executive Officer, Designate, Marsh McLennan Doyle has served as Group President and Chief Operating Officer of Marsh McLennan since January 2022, and prior to that was President and CEO of Marsh, the Company’s risk advisory and...
WTW and University of Cambridge launch first ever Airport Risk Index
Ultimately, with the Airport Risk Index framework, airports will be able to reassure governments, regulators, investors, insurers and business partners that they have a renewed understanding of their risks and the necessary mitigation strategies LONDON: WTW and the...
Marine cargo insurance premium rises 8% to $18.9 billion in 2021,improvement in overall loss ratios: IUMI
Cargo premiums increased in most markets, with China leading the growth in 2021. China now accounts for 14% of the cargo market, with the UK (Lloyd’s of London and the International Underwriting Association) having a 12.2% market share. With 2021 claims starting at a...
Aon names senior leader for APAC Cyber Solutions, furthering investment in cyber capabilities
Adam Peckman, senior leader for APAC Cyber Solutions,Aon “Only two in five businesses are ready to navigate new exposures arising from the rapid digital evolution we’ve witnessed across all industries in the past 24 months. Cyber risk cannot remain an IT risk or...
Paris and New York join climate litigation against TotalEnergies
The coalition wants a judge to order TotalEnergies to “take the necessary measures to drastically reduce its greenhouse gas emissions and align itself with the objectives of the Paris Agreement,” in a move that it said would be “similar to the Shell decision in the...
Sense of an ending: Scientists say worst of Covid could be over
''We have spent two-and-a-half years in a long, dark tunnel, and we are just beginning to glimpse the light at the end of that tunnel,” WHO Director General Tedros Adhanom Ghebreyesus Tedros said on the sidelines of the UN General Assembly on Thursday. Globally, as of...
Boeing to pay $200 million to settle civil charges it misled investors about 737 MAX
"In times of crisis and tragedy, it is especially important that public companies and executives provide full, fair, and truthful disclosures to the markets. The Boeing Company and its former CEO, Dennis Muilenburg, failed in this most basic obligation," SEC Chair...
New York still top, Singapore overtakes Hong Kong in global finance centre ranking
"London’s second position looks secure but needs a significant global change to once again challenge for the top place," said Michael Mainelli, chairman of Z/Yen LONDON: New York remains far and away the world's most favoured financial centre, with London still second...
American Airlines confirms data breach of customers and employees
American Airlines has notified customers that personal information such as address, phone number, driver’s license number, passport number and/or certain medical information may have been accessed by the hacker, the letter showed “We regret that this incident occurred...