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Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian...
Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
Tesla CEO Elon Musk made a string of promises on stage - from, in...
Soteria Surveyors & Loss Adjusters enters associate agreement with Charles Taylor Marine Technical Services in Qatar and India
The associateship will ensure a rapid, consistent and expert response to claims and surveys in Qatar and India. Charles Taylor Marine Technical Services and Soteria will coordinate closely to mobilise teams for casualty investigations, hull and machinery surveys,...
Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects in emerging markets and developing economies (EMDEs). It will target a diversified portfolio of resilient infrastructure, including clean water and water management, waste...
Susan Panuccio to join Howden as Group Chief Financial Officer
Susan Panuccio, Group Chief Financial Officer-designate, Howden Susan will join Howden after more than two decades with News Corp, having spent the last eight years as Chief Financial Officer and as a core part of the leadership team that...
Marsh McLennan and its businesses will brand as Marsh
Creates a new unit, Business and Client Services (BCS), to accelerate innovation and centralize investments in operational excellence, data, AI and analytics NEW YORK: Marsh McLennan, the largest multinational re/insurance broker, today announced that it will change...
Climate Change: Life-threatening heat domes confound forecasters
Wildfires and droughts are often the byproduct of extreme heat and have caused some of the largest climate-related disasters in the US. From 1980 to 2024, 23 wildfires caused $147.9 billion in damage and killed 537 people while 32 droughts extracting a toll of $367.6...
Global financial watchdogs to ramp up monitoring of AI
Banks have been broadly optimistic that AI will make them more productive, but regulators around the world have expressed concerns about its potential impact on financial stability Global financial regulators have laid out plans for closer monitoring of artificial...
Aon bolsters its broking capabilities with two senior leadership appointments
Both appointments are effective immediately, with Michelle and Lucy based in London and reporting into Rob Kemp, chief executive officer (CEO) of Commercial Risk for Aon UK LONDON: Global re/insurance broker Aon plc has announced the appointments of Michelle Beverely...
World’s largest oil gas companies involved in under 1.5 pc renewable energy projects: Study
"Oil and gas companies' renewable deployment is anecdotal at best. Their contribution to the fight against the climate crisis should be judged solely by how much fossil fuel they leave in the ground," lead author Marcel Llavero-Pasquina, a researcher at the Autonomous...
Aon names Simon Chisholm as Asia Reinsurance Solutions chairman
Simon Chisholm, Chairman-designate, of Asia for Reinsurance Solutions In this role, Chisholm will lead the Reinsurance Solutions’ Global Clients Segment for the Asia region, with a continued focus on deepening relationships with key clients in Japan and Thailand...
SIRC announces panel line-up, anchoring conversations on Geopolitics, Sustainability and AI
Anchored on the theme “Staying Ahead, Future Ready”, the 21st edition will bring together global reinsurance leaders to tackle urgent challenges and opportunities in an increasingly volatile world Singapore: The Singapore Reinsurers’ Association (SRA) today announced...