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Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon
George Attard, CEO of Asia Pacific for Aon’s Reinsurance Solutions,...
Building a new Key Bridge could take years and cost at least $400 million, experts say
The Key Bridge collapsed Tuesday, killing six members of a crew...
Scientists fear COVID-19 UK variant has mutated again
Tests conducted on samples of the Kent variant, named after the region in England where it was first detected, show a mutation, called ‘E484K’, already detected in the South Africa and Brazil variants. There are fears that this mutation could evade the immune system and that the vaccines currently being administered may prove less effective against these further mutating variants of the SARS-CoV-2 virus.
Swiss Re and Diameter Health join forces for breakthrough in digital health data
First ever scalable solution to use electronic clinical health data for life insurance underwriting.Will greatly help life insurers improve the speed and quality of their
underwriting
Insutech Trov to launch cover for fully electric London-based fleet
“This partnership with UFODRIVE is the first of, hopefully, many for Trov within the UK market and highlights the vital convergence of the future of transportation with the future of insurance. We’re delighted to help them manage their holistic risk effectively, so they can focus on bringing more sustainable transport options to consumers and businesses in London and beyond,” said Ed Axon, Global Head of Business Development at Trov.
Suspected Russian hackers gained edge through tech firm attacks
“Attackers are getting more sophisticated, and pursuing persistence over time instead of smash and grab techniques,” said Jim Jaeger, a former U.S. Air Force brigadier general who is now president and chief cyber strategist at the cyber investigations firm Arete Advisors LLC. “Now they’re aspiring to use cyber-security tools to get inside our networks. They’re taking our safeguards and using them against us.”
Cryptocurrency crime drops in 2020 but decentralized finance breaches rise:Study
Fraud was the dominant cryptocurrency crime in 2020, followed by theft, and ransomware. Half of all thefts, or about $129 million, were hacks tied to decentralized finance (DeFi), which are transactions on platforms that facilitate lending outside of banks.
Global Covid cases top 102 million, death toll at 2,204,494: Johns Hopkins
The US is the worst-hit country with the world’s highest number of cases and deaths at 25,909,336 and 436,541, respectively, according to the CSSE.
India comes in second place in terms of cases at 10,720,048.
AXA XL makes key appointment in APAC & Europe distribution team
Gleises takes on the role in addition to her responsibilities as Global Head of Revenue Synergies. She will develop AXA XL’s client strategy and oversee its implementation across the region.
J&J says vaccine offers 100% protection against coronavirus deaths
J&J’s vaccine is different from the messenger RNA-based shots made by Moderna and partners Pfizer and BioNTech SE, which each were shown to be more than 90% effective.
Chinese regulator emphasizes party leadership in corporate governance of banks and insurers
The draft rules urged state-owned banking and insurance institutions to prioritize the key business decisions made by the Communist Party committee before consulting the board and the top leadership, according to statements of the China’s Banking and Insurance Regulatory Commission (CBIRC).
Dutch Court asks Shell to pay for Nigerian Oil Spills
Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the Hague Court of Appeals said in a ruling Friday. The amount of compensation will be decided later. The court also ordered the Nigerian unit and its Hague-headquartered parent company to build better warning systems so future leaks can be quickly detected.