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Asia’s extreme April heat worsened by climate change, scientists say
"Heatwaves have always happened. But the additional heat, driven by...
WTW announces market first facility for cargo and war-on-land risks in Ukraine
Sam Warnes, Director Marine Cargo commented, “This facility...
Ping An Insurance annual profit drops for first time since 2008
The company’s total investment income from its life and health insurance businesses, which accounts for the bulk of its profits, rose 4.5% to 182.5 billion yuan, versus 175 billion yuan a year ago.
Chubb announces new appointments for Asia Pacific’s Property & Casualty team
Alex Todd has been appointed as the new Head of Property,responsible for the growth and performance of Chubb’s Commercial Property portfolio in Asia.
Jamie Park has been appointed as head of Financial Lines,responsible for the underwriting, product development, new business opportunities, as well as driving the overall profitability of Chubb’s Financial Lines portfolio in Asia.
There are 4,000 variants of virus that causes COVID-19, UK minister says
Its very unlikely that the current vaccine won’t be effective on the variants whether in Kent or other variants especially when it comes to severe illness and hospitalisation
“All manufacturers, Pfizer-BioNTech, Moderna, Oxford-AstraZeneca and others are looking at how they can improve their vaccine to make sure that we are ready for any variant – there are about 4,000 variants around the world of COVID now.”UK Vaccine Deployment Minister Nadhim Zahawi told Sky News,”
Antares places Lloyd’s China operation into run-off
London: Antares Managing Agency, the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Global, on Wednesday, announced it has placed Syndicate 1274’s Lloyd’s China operation into run-off. Antares will cease accepting...
Property Cat Bond Placement reaches a record $ 11 billion in 2020: Aon report
Quarterly issuance of $ 3.7 billion, was a record Q4 issuance quarter
The total amount of property cat bonds outstanding is marginally up (<2%) compared to 2019 at $29.5 billion.
McKinsey to pay $573 million to settle claims over opioid crisis role: Report
More than 3,200 lawsuits are pending, seeking to hold drug makers, distributors and pharmacies responsible for an opioid addiction epidemic that according to U.S. government data resulted in 450,000 overdose deaths from 1999 to 2018.
Majority of companies expect COVID-19 to continue impacting their business next year:Aon Survey
Rory Moloney, Chief Executive Officer, Global Risk Consulting, Aon, said: “There is no question that the COVID-19 pandemic will permanently change the way companies operate. There is a long way to go before we are in the ‘post-COVID era’, but as we move towards a recovery phase, companies must now ask what risk management and resilience should look like going forward. Among the top priorities for companies seeking to reshape their business are the new and accelerated use of technology, redeploying resources, workforce planning and rethinking the future of work—this is only the beginning of a much more long-term evolution in risk management.”
Coronavirus can be controlled, WHO Chief says, pointing to decrease in number of new cases
On Friday, the WHO chief warned against coronavirus vaccine hoarding, saying it could lead to slow global economic recovery and most importantly a never-ending pandemic.
Since the start of the pandemic last year, more than 103 million coronavirus cases have been confirmed worldwide, with over 2.2 million fatalities, according to Johns Hopkins University.
Insurer AIG pays $12 million fine in NY pension transfer probe
An AIG life insurance unit, American General Life Insurance Company, entered into four large-scale deals involving such plans and bid on several others between January 2014 and June 2019 without being licensed in New York, the regulator said.
AIG will also transfer the handling of such transactions to a New York-based subsidiary, the regulator added.
Aviva investors threatens to ditch top carbon emitters over climate inaction
Among the actions Aviva said it expects of the companies are that they commit to net zero carbon emissions by 2050 and ensure their plan to do so is in line with the Science-Based Targets Initiative, an NGO-led group that signs off on corporate climate plans.
The companies would need to integrate the climate goals into their business strategy, including capital expenditure plans; set short- and medium-term targets; align management pay with the goals; and ensure lobbying efforts supported the goals.