John Neal Neal, after six years in Lloyd's as a CEO, will play an...
Category:
International News
Latest
Wildfires rage in Los Angeles, forcing tens of thousands to flee
Numerous buildings were destroyed and nearly 3,000 acres (1,200...
Powerful Tibet earthquake near Nepal kills at least 96
The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located...
Renewable energy growth creating increased demand for transition plans:WTW
“The renewable energy industry is transforming at a speed which can be difficult to track. This can be seen in the record growth in solar PV and wind capacity additions - beating previous year’s record, as well as the increasing interest from insurers in offshore wind...
Universal health care bill advances in California Assembly
first step toward abolishing the private health insurance market in the nation’s most populous state and replacing it with a government-run plan that they promised would never deny anyone the care they need SACRAMENTO, Calif: California Democrats on Tuesday took their...
Climate-fueled permafrost thaw threatens up to half of Arctic infrastructure -report
The world’s permafrost — land that remains frozen year-round — has been warming at between 0.3 and 1.0 degree Celsius per decade since the 1980s, with some areas of the High Arctic having increased by more than 3°C over four decades, according to a scientific review...
Natural disasters cost $120bn of insured losses worldwide in 2021, relatively low losses in Asia-Pacific: Munich Re
Torsten Jeworrek, member of the Board of Management,Munich Re The costliest natural disaster in 2021 was Hurricane Ida, causing $65bn of economic losses and US$ 36bn of insured losses Torsten Jeworrek, member of the Board of Management,Munich Re, said the images of...
China’s Omicron Outbreak Is Bad News for the Global Supply Chain
“The reality is that China remains the center of global manufacturing,”said Thomas O’Connor, a supply chain expert at Gartner Inc. in Sydney. “If there was significant manufacturing or logistic shutdowns in China associated with covid-related challenges, that would...
Aspen launches ESG integration initiative ‘Project Leaf’
By 2026, the project aims to see over two thirds (66%) of Aspen’s (Credit and Political Risk) CPR premium originating from transactions with a favorable ESG classification. A favorable classification is determined by exposure that has a positive ESG risk factor, for...
Too soon to treat COVID-19 like flu as Omicron spreads – WHO
"At this rate, the Institute for Health Metrics and Evaluation forecasts that more than 50% of the population in the region will be infected with Omicron in the next 6-8 weeks," Kluge said, referring to a research centre at the University of Washington Fifty out of 53...
Climate failure and social crisis top `Global Risks 2022”:WEF Report
The Global Risks Report 2022 explores four areas of emerging risk: cybersecurity; competition in space; a disorderly climate transition; and migration pressures, each requiring global coordination for successful management Geneva: Climate risks dominate global...
7-day home quarantine mandatory for all international arrivals in India, Covid test on 8th: Govt
Contacts of the suspect cases are the co-passengers seated in the same row, three rows in front and three rows behind along with the identified cabin crew, the guidelines said Also, all the community contacts of the travelers who have tested positive (during home...
MS Amlin launches its second Asia focussed reinsurance ILS
Phoenix 2 Re has secured USD37.5m of collateralised capacity through a number of Asia-based investors. MS Amlin Asia Pacific worked in conjunction with the Monetary Authority of Singapore (MAS), to establish Phoenix 2 Re, using an insurance-linked securities (ILS)...