The European Securities and Markets Authority (ESMA) said a fund...
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Wildfires could affect over half of Canada’s oil sands output: Report
Companies like Suncor Energy, Canadian Natural Resources and...
Dieselgate: Volkswagen’s $54 million settlement with Italian owners
In the settlement, over 60,000 car owners affected by the emissions...
China, India, Indonesia, Malaysia among leaders in global logistics ranking
Asia Pacific experienced great turmoil in the beginning of 2020 due to the COVID-19 crisis, but it has rebounded strongly, led by the powerful performance of China and Vietnam. The region is on track for a full recovery this year,” says Andy Vargoczky, SVP of Sales & Marketing Asia-Pacific, Agility GIL.
“India, Indonesia, Malaysia, Thailand and Vietnam continue to improve their supply chain infrastructure and capabilities, showing why they are leaders in domestic and international logistics,” he said.
AXA XL appoints new global chief underwriting officer for Cyber
New Delhi: AXA XL announced that Michael Colao has joined as Global Chief Underwriting Officer, Cyber, reporting to the recently promoted Global Chief Underwriting Officer for Financial Lines, Libby Benet. Commenting on the development,Benet said: “Michael...
Fossil fuel pollution kills millions more than scientists previously knew
The results underscore a fact absent from much public debate and discussion about climate change. While the fight to stop greenhouse gas pollution by curtailing fossil fuel use is framed in terms of how it would improve the future, it’s also true that fossil fuels are killing millions of people right now. That’s how Aaron Bernstein, interim director of the Center for Climate Health and the Global Environment at Harvard’s Chan School of Public Health, understands the new research.
Brazil group sues Norsk Hydro over alleged pollution
The lawsuit has been brought by a group of communities who live in the lower Amazon region in the state of Para, mainly members of Cainquiama – the Amazon Association of Mixed Race, Indigenous and Quilombolas – representing some 11,000 families.
They are seeking compensation for what they say is “the incorrect disposal of toxic waste in the Murucupi River, as well as other effects from the presence of Norsk Hydro installations in the region”, their law firm PGMBM said in a statement.
EU antitrust regulators halt Aon, Willis probe, await data
The European Commission, which kicked off its probe in December because of concerns the deal to create the world’s largest insurance broker may hurt competition in major markets, said it stopped the clock on Monday.
“This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them,” a spokeswoman for the EU competition enforcer said.
Hacker changed water chemical levels to poison entire US city
“The hacker changed the sodium hydroxide from about 100 parts per million to 11,100 parts per million. This is obviously a significant and potentially dangerous increase,” Bob Gualtieri, Sheriff of Oldsmar city in Florida state in the US, was quoted as saying in local media reports on Monday.
The intrusion took place on February 5 when the hacker remotely accessed a computer system that was set up to allow for the remote control of water treatment operations.
According to a report in Tampa Bay Times, local and federal authorities including the FBI were investigating the attempt to poison the city of Oldsmar.
Vaccine passport is the new normal, but it comes with its own problems
Among those developing passports are biometrics company iProov and cyber security firm Mvine which have built a vaccine pass now being tested within Britain’s National Health Service after receiving UK government funding.
U.S. insurance asset sales attract new private equity players, strategies
Insurers inked 441 deals worth $25 billion in 2020, up from 356 deals worth about $22 billion the year before, according to data from Refinitiv. That momentum continued into January which was the most active month for insurance deal-making in 20 years, according to PricewaterhouseCoopers.
Lloyd’s launches global resilience platform for systemic risks
“The COVID-19 pandemic has shown that a hypothetical systemic risk, is never far from becoming a reality and that we must do everything we can to prepare and mitigate against the worst impacts of the constantly changing and challenging risk landscape,” commented John Neal, CEO of Lloyd’s.
Willis to pay $2.1m cash retention agreements for 4 executives till Aon merger
Under the retention agreements, Burwell, Wickes, Hess and Gunn are each eligible to earn a cash amount of up to $750,000, $487,500, $487,500 and $420,000, respectively, based on the number of whole and partial months each are employed with WTW from Jan. 1, 2021 through the date of the closing of the merger, said the filing.