Industry group Airlines for Europe (A4E) said in a statement that...
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Chubb to pay $350 million to Maryland govt for Baltimore Bridge collapse
Lloyd’s of London insurers Hiscox and Lancashire do not expect...
India must expand Universal Health Coverage for ageing population, maintain economic growth: ADB Report
While the South Korea and Thailand have achieved universal health...
Claire Le Gall-Robinson appointed to the SCOR’s group executive committee
Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “ Claire has fulfilled her duties as General Secretary with great professionalism. She knows the company extremely well, and her professional and human qualities are appreciated by everyone she deals with. I am confident that Claire will be successful in this new key role. This appointment bears witness to the depth and breadth of the company’s talent and demonstrates our determination to develop and promote all talent within the Group.”
British insurer Aviva sets out net zero 2040 climate strategy
Aviva will by the end of this year stop underwriting insurance for companies making more than 5% of their revenue from coal or “unconventional” fossil fuels such as shale gas, unless they have signed up to the Science Based Targets initiative, an NGO-led group that signs off on corporate climate plans.
U.S. authorizes Johnson & Johnson’s COVID-19 vaccine
The single-shot vaccine is highly effective in preventing severe Covid-19, including against newer variants, the Food and Drug Administration (FDA) said before giving it a green light.
UK health insurers’ profitability still strong despite coronavirus disruption:Fitch
Claims have reduced due to restricted hospital access, but we do not expect increased profits for insurers – any “excess” profits are likely to be used to meet the expected surge in demand from postponed elective surgeries or returned to policyholders through premium rebates.
S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri
According to the catastrophe modelling agency Karen Clark & Co, Winter Storm Uri will cost the industry about $18 billion. In comparison, Hurricane Harvey caused $30 billion in industry insured losses in the U.S. and about $19 billion in Texas.
Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital
“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise. I am very excited about our future. We are building a company and a culture we can be proud of.”
Oxford University says research not affected after media reports of COVID lab hack
“We have identified and contained the problem and are now investigating further. There has been no impact on any clinical research, as this is not conducted in the affected area,” an Oxford spokesman said, adding that the university was working with the National Cyber Security Centre (NCSC) on the incident.
Global insurers unite to tackle climate risk with launch of Geneva Association Task Force
Jad Ariss, Geneva Association Managing Director, said: “In 2020 alone, the world witnessed massive wildfires in California and Australia, historic floods in China and a record hurricane season in the Atlantic. The societal impacts of climate change have become ubiquitous, and individuals and institutions must fully commit now to confronting the climate crisis. Insurers are obvious, strong leaders on global climate action, given their core functions – managing risk and investing – and our industry-led initiative demonstrates that they are proactively rising to the occasion.”
Boeing to pay $6.6 million to FAA over safety lapses
The new settlement covers FAA allegations that Boeing managers exerted undue pressure on Boeing workers performing certification duties for the FAA at the company’s South Carolina plant. The FAA also alleged Boeing “failed to follow its quality control processes” and “interfered with an airworthiness inspection of a Boeing 787-9.”
Climate pledges for 2030 put world far off 1.5C goal, UN warns
Only two of the 18 largest emitters – Britain and the European Union – had so far presented an updated “nationally determined contribution” (NDC) containing a “strong increase” in their emissions reduction targets, she noted. “Other major emitters either submitted NDCs presenting a very low increase in their ambition level or have not presented NDCs yet,” she added in a statement.