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Boeing faces ‘long road’ on safety issues, US FAA says
Boeing has faced mounting questions after a door panel detached...
COVID-19 eliminated a decade of progress in global level of life expectancy: WHO
Between 2019 and 2021, global life expectancy dropped by 1.8 years...
Climate scientists swap fieldwork for high-paid finance jobs
Asset manager Schroders said it has more than 10 staff with scientific backgrounds in its insurance-linked securities team, including people with PhDs in climatology. Its sustainable investing team has grown by four people to 22 in the last year and is planning further expansion.
The British want to clean up outer space
John Auburn, Astroscale’s managing director and group chief commercial officer in the UK, says that not only could this make space safer, but it could also reinvigorate his country’s space sector. “What the UK industry is pushing now is a complete end-to-end debris removal mission,” he says. “This would be the ultimate post-Brexit space mission.”
Lloyd’s Lab announces its sixth cohort with a focus on product simplification and climate
For the sixth cohort, the InsurTech start-ups have been selected based on solutions geared towards four key themes: climate change and decarbonisation; geopolitics; data and models; and claims support services. The teams will explore how they can support Lloyd’s customers around the world by creating simpler products capable of responding quickly in the aftermath of a disaster.
Citigroup’s retreat highlights global banks’ struggle in China, India
“The ability to scale rapidly is a very important factor, and that’s one of the reasons why local banks move so fast, and are in a better competitive position in retail and consumer banking,” said Joydeep Sengupta, senior partner at McKinsey in Singapore. “For foreign banks, it’s likely to get harder to scale profitability.”
COVID-19 predominantly transmitted through air: Lancet study cites ‘strong evidence’
“The evidence supporting airborne transmission is overwhelming, and evidence supporting large droplet transmission is almost non-existent,” Jose-Luis Jimenez, a chemist at the Cooperative Institute for Research in Environmental Sciences (CIRES) and the University of Colorado Boulder said.
“It is urgent that the World Health Organization and other public health agencies adapt their description of transmission to the scientific evidence so that the focus of mitigation is put on reducing airborne transmission.”
U.S. P/C insurers perform well in 2020 despite Pandemic, higher Cat losses:AM Best
According to the report, P/C industry revenue declined slightly to $560.7 billion, driven by a significant drop of 18.8% in net investment income. Expenses grew by 4.1% in 2020, far exceeding a modest increase in premium revenue; the catastrophe losses and a sizable increase in policyholder dividends also more than countered the increase in premium revenue.
Seven European countries to halt export finance for fossil fuels
“We are totally determined to stop all export guarantees financing fossil fuels while taking into account each country’s industrial specifics and the impact on jobs,” Le Maire said.
EU regulators set July 27 deadline for deadline on Aon, Willis deal
Aon, which announced the deal a year ago to create the world’s largest insurance broker ahead of world No. 1 Marsh & McLennan Companies Inc, offered last Friday to sell assets in five European nations to resolve EU competition concerns.
The EU antitrust watchdog is now seeking feedback from rivals and customers before deciding whether to demand more concessions, clear or block the deal.
Tokyo Olympics might yet be cancelled due to COVID-19 – Japanese official
“If it seems impossible to do it any more, then we have to stop, decisively,” Toshihiro Nikai, secretary-general of the Liberal Democratic Party, said in comments to broadcaster TBS.
Covid 19 Pandemic: 9 in 10 Singaporeans still struggling with their mental health, men and younger adults most worried
Wong Sze Keed, chief executive officer of AIA Singapore, says, “While our nation is heading for a post-pandemic recovery, mentally, we are still trying to navigate our way out of COVID-19 uncertainities. It is not enough to only take care of our physical health. This conviction drives our holistic approach to protect the many aspects of our customers’ wellbeing – such as financial, physical, and mental health – to enable everyone to truly lead healthier, longer, better lives.”