Norges said it decided to exclude Adani Ports due to "unacceptable...
Category:
International News
Latest
Swiss Re withdraws from iptiQ business, appoints Ivan Gonzalez as CEO Corporate Solutions
Moses Ojeisekhoba, CEO Global Clients and Solutions, to pursue...
ISRO: Earth Impacted by Intense Solar Storm
''This is the biggest geomagnetic storm since 2003 in terms of its...
Green Climate Fund chief urges reopening of U.S. finance tap
Glemarec told the Thomson Reuters Foundation from his base in South Korea that the fund had allocated a record amount at its board meeting last week.
It approved $1.2 billion for 15 new climate projects – from a private equity fund for green energy and transport in India to help for farmers in Micronesia to keep their food crops safe from extreme weather and rising seas. The board also green-lighted projects aimed at reducing emissions from forests in the Republic of Congo and protecting Cuba’s coastal ecosystems.
Suez Canal blockage could cost $6 bln to $10 bln in lost trade -Allianz
The study by Europe’s biggest insurer also found that each week of immobilisation shaves some 0.2 to 0.4 percentage points off annual trade growth.
“The problem is that the Suez Canal blockage is the straw that breaks global trade’s back,” the study’s authors wrote.
Insurer CNA hit by ‘Sophisticated’ cyber attack
Upon learning of the incident on March 21, the insurer said it immediately engaged forensic experts to investigate and determine the full scope of this incident. That investigation is ongoing.
Aviva sells Polish business to Allianz for $2.9 billion
Allianz, which first entered the Polish market in 1997, ranks as Europe’s biggest insurer and while it has no plans to grow its life insurance operations, it sees the deal as a springboard to further expand across lucrative central and eastern European markets, sources told Reuters.
Aviva’s boss Amanda Blanc has been selling assets at pace to focus on the life and general insurer’s core businesses of Britain, Canada and Ireland. Aviva also has joint ventures in China and India.
Australians assess flood damage, accelerate clean-up
The Insurance Council of Australia, the main industry body, said more than 25,600 insurance claims worth about A$385 million($293.1 million) had been lodged by Friday and it expects more to be filed.
Software vendors would have to disclose breaches to U.S. govt users under new draft order: Report
The proposed order would adopt measures long sought by security experts, including requiring multi-factor authentication and encryption of data inside federal agencies.
The order would impose additional rules on programs deemed critical, such as requiring a “software bill of materials” that spells out what is inside. An increasing amount of software activates other programs, expanding the risk of hidden vulnerabilities.
Canada votes to collect data to document ‘environmental racism’
“For too long, people just didn’t realize that some people were being exposed to more toxins than others simply because of the color of their skin,” said Lenore Zann, a Liberal Party parliamentarian from Nova Scotia and the Canadian bill’s sponsor. “It’s time that we address that and change our behavior as a society,” she said
Stranded Suez ship’s owner, insurers face millions in claims
The ship’s owner, Japanese firm Shoei Kisen KK, and its insurers could face claims from the SCA for loss of revenue and from other ships whose passage has been disrupted, insurers and brokers said.
Container ships of this size are likely insured for hull and machinery damage of $100-140 million, insurance sources say. The ship was insured in the Japanese market, two of the sources said.
EU must clarify relationship between cyber security rules to give insurers legal certainty across Europe
Beyond their own cyber security, insurers, as providers of cyber insurance products, have a key role to play in increasing the cyber resilience of the EU.
AXA XL names Jennifer Schipf as global chief underwriting officer, Fine Art & Specie
In this new global role, she will be leading the company’s regional FAS teams to further strengthen underwriting capabilities across established and emerging markets.