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Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the...
Negotiations begins to sell catastrophic modelling firm RMS
London: Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a number of third party inquiries. While discussions are ongoing and there can be no certainty that a transaction will...
Germany declares first-ever “cyber-catastrophe”
Hackers knocked out the IT operations of the municipality of Anhalt-Bitterfeld, in the state of Saxony-Anhalt, on Tuesday, a spokesperson confirmed to Reuters on Saturday.The rural district of Anhalt-Bitterfeld, with a population of 157,000, is for the time being unable to pay out welfare benefits. Its consequent catastrophe declaration is a formal step that allows it to call for federal help.
COVID cases climb as Southeast Asia feels force of Delta variant
Vietnam’s reputation as a coronavirus success story is under threat, with more cases in the last five days than during the first 14 months of the pandemic, although the record 1,625 cases on Friday were a fraction of those in Indonesia. read more
Virus variants threaten global recovery, G20 warns
Differences in vaccination levels between the world’s rich and poor remain vast.
WHO Director-General Tedros Adhanom Ghebreyesus has called the divergence a “moral outrage” that also undermines wider efforts to tame the spread of the virus.While some of the wealthiest countries have now given over two-thirds of their citizens at least one shot of vaccine, that figure falls to well below 5% for many African nations.
Malaysia, 1MDB seeking more than $5.6 bln in damages from KPMG partners
Audit firm KPMG on Friday denied the allegations and pledged to “vigorously” contest the suit filed against 44 current and former partners and linked to its audit of 1MDB’s financial statements between 2010 to 2012
London fintech funding soars in first half of the year
London fintechs accounted for a large share of Europe’s growth, representing over a third of the region’s funding.
Globally, the city of London ranks second behind San Francisco and slightly ahead of New York, the research found.
Next pandemic risk: Woman dies after infection with two Covid-19 variants
The idea of multiple infections isn’t completely new. In January, Brazilian scientists reported two cases of Covid-19 co-infection, but the study hasn’t yet been released in a scientific journal. Researchers have also previously found evidence of people becoming infected with multiple strains of influenza. The cases suggest co-infection might be more common than currently known.
G20 recognizes carbon pricing as climate change tool for first time
“It is the first time in a G20 communique you could have these two words ‘carbon pricing’ being introduced as a solution for the fight against climate change,” French Finance Minister Bruno Le Maire told reporters. “We have been pushing very hard to have these two words … introduced into a G20 communique.”
Amazon’s online store down for many users globally
Its online store showed error messages on several regional domains. Reuters could not access product listing on its domains including, the United States, India, Canada, the United Kingdom, France and Singapore.More than 37,00 user reports had indicated issues with Amazon’s online store site, while about 280 users reported problems with the Amazon Web Services, according to Downdetector.
Miller &Guy Carpenter announce new appointments
Seema brings over 16 years of industry experience to Miller, joining from Mar Risk Services where she most recently led its marine team and held a position on the Board.
Guy Carpenter, LLC, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced the appointments of Matt Petka as Managing Director and Riley Underwood as Senior Vice President within its GC Access business unit, with immediate effect.