Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America...
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End the secrecy: Insurers call on the EU to regulate private Third-Party Litigation Funding
Currently, the practice whereby private investors who are not party...
DFC provides $50 million in new political risk insurance to expand War Insurance for Ukraine business
The facility will create a portfolio of war risk insurance policies...
Nations sign up to end global scourge of plastic pollution
Plastic pollution soared from two million tonnes in 1950, to 348 million tonnes in 2017, becoming a global industry valued at $522.6 billion, said UNEP. It is expected to double in capacity, by 2040 The impacts of plastic production and pollution on the triple...
COVID-19: Global depression, anxiety soared 25 per cent in a year
“The information we have now about the impact of COVID-19 on the world’s mental health is just the tip of the iceberg,” said Tedros Adhanom Ghebreyesus, WHO Director-General. In the first year of the COVID-19 pandemic, global rates of anxiety and depression increased...
Over 229 million construction workers to benefit from new code of practice on safety and health:ILO
Key revisions introduced to the code of practice underline the importance of Occupational Safety and Health (OSH) management systems, maternity protection and waste and emissions management ILO:More than 229 million construction workers around the globe may benefit...
Russian cyberattacks may test insurer war exclusion policy language: Fitch
Larger insurers have taken significant pricing and underwriting actions in response to rising cyber claims in recent years, including tightened contract language, which should help mitigate underwriting losses in the current uncertain environment, Fitch Ratings says...
Space junk on 5,800-mph collision course with moon
The leftover rocket will smash into the far side of the moon at 5,800 mph (9,300 kph) on Friday, away from telescopes' prying eyes. It may take weeks, even months, to confirm the impact through satellite images The moon is about to get walloped by 3 tons of space...
AIG commits to Net Zero Greenhouse Gas emissions across its underwriting & investment portfolios by 2050
“Leading change in a changing world requires being a company of action – and, as a market leader, AIG is committed to setting the standard with our actions. We believe today’s ESG commitments are an important step forward for AIG, the clients we serve and the global...
AM Best downgrades Russian insurers Ingosstrakh and SOGAZ
These credit ratings have been placed under review with negative implications due to heightened geopolitical, economic and financial system risk in Russia, where both Ingosstrakh and SOGAZ is domiciled and underwrite the majority of their business, said AM Best...
Russian ransomware attacks on Ukraine muted by leaks, insurance woes
One reason for that could be a loophole in cybersecurity insurance policies. Experts and industry-watchers say the more sophisticated digital extortion gangs tend to focus on insured organisations because the victims already have a policy to make the payoff, making...
Tata cancelled USD 3 billion deal in Bangladesh over bribery issue
Dhaka: Indian conglomerate Tata in 2005 cancelled USD 3 billion deal after Bangladesh Nationalist Party (BNP) leader Tarique Rahman placed a bribery deal to the Indian company. Prime Minister Sheikh Hasina's ICT Advisor Sajeeb Wazed Joy in a post from his verified...
Number of ultra HNIs in India up 11% in 2021 at 13,637: Report
"In India, the number of UHNWIs (net assets with USD 30 million or more) has grown by 11 per cent YoY (year-on-year) in 2021, the highest percentage growth in APAC," Knight Frank said in a statement. The number of UHNWIs in India grew to 13,637 in 2021 from 12,287 in...