Christian Dunleavy, Group Chief Underwriting Officer, said:...
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The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the...
Allianz eyes 51% of Singapore’s Income Insurance with $1.6 billion offer
Allianz said the deal will turn it into the fourth-largest...
Climate action must happen ‘for our people, not to them’, cities say
Cities have been at the forefront of government climate action over the last decade, with many declaring net-zero emissions goals long before countries or businesses followed suit. Today more than 750 global cities have pledged to reach net-zero emissions by mid-century, said David Miller, director of international diplomacy for C40.
Websites of airlines, banks, tech companies down in widespread outage
This is the third such incident in a span of just two months, after multiple outages hit social media, government and news websites across the globe in June, with some reports pointing to a glitch at U.S.-based cloud computing services provider
FAO head urges G20 to invest in a healthy planet for healthy food
“Today, humanity faces a triple planetary crisis of biodiversity loss, climate crisis and the impact of the pandemic.To have healthy food, we need a healthy environment”. said Director-General of the UN Food and Agriculture Organization (FAO), Qu Dongyu
Olympics linked Covid cases go past 100, organisers announce 19 new cases
The total number of cases directly linked to the Games stood at 106 on Friday with 11 of them athletes.
The Tokyo Olympic organisers, in their daily COVID-19 update, announced that three athletes, 10 Games-concerned personnel, three mediapersons and as many contractors associated with the event have been found positive.
EVs double market share in Europe
All-electric vehicles accounted for 7.5 per cent of new car sales in Europe in the three months from April through June, against 3.5 per cent during that period last year.
In absolute terms, sales of battery electric vehicles more than tripled across Europe to reach 210,298 cars.
Intel chief warns chip shortage could continue for up to two years
The global chip shortage comes as demand for cars has spiked during the global economy’s recovery from the coronavirus crisis, driving up prices of new and used vehicles.
Some carmakers have adapted to the chip shortage by dropping features from their models, while others have built vehicles without the necessary chips and then parked them until their assembly can be finished later.
Insured losses from western German floods may total 4-5 billion euros – trade body
Gemany’s insurance industry association GDV said the floods in the states of North Rhine-Westphalia and Rhineland-Palatinate are likely to exceed the 4.65 billion euros of damage recorded following a deluge in August 2002.
As US wildfire threat grows, insurance capacity shrinks
Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.
While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.
Aki Hussain to succeed Bronek Masojada as Group Chief Executive in Hiscox
Hamilton: Specialist global insurer Hiscox announces today that after 21 years as Group Chief Executive, Bronek Masojada has informed the Board of his intention to retire at the end of the year. Following a thorough succession process, the Board has appointed Aki...
J&J forecasts $2.5 bln in 2021 COVID-19 vaccine sales, sets lower production target
J&J estimated its vaccine price at $5 per dose in the first half of the year and said it would likely be as much as $8 by year end. The healthcare conglomerate, which promised it would not make a profit on the vaccine during the pandemic, said the fluctuating price reflected the net costs of the vaccine and production volumes. The $8 price is a bit lower than previous indications. South Africa has said it is paying $10 per dose for both the J&J and the two-shot Pfizer/BioNTech vaccines. AstraZeneca Plc is charging $3 per shot for its two-dose vaccine.