''In India, strong GDP growth drove up emissions by around 190 Mt....
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Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas...
32 European major media groups sue Google for $2.3 bln
“The media companies involved have incurred losses due to a less...
Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR
Augustin de Romanet, Lead Independent Director of SCOR, commented “Since 2002, Denis Kessler has shaped SCOR, turning it around in an outstanding way and subsequently establishing it as the world’s fourth largest reinsurer, with a rating of AA-. By choosing Benoît Ribadeau-Dumas, a very high-profile figure well known for his intellect and his leadership, the Board of Directors confirms its high level of ambition for SCOR.”
Vaccinating the world means solving patent impasse; India has suggestion
The International Federation of Pharmaceutical Manufacturers and Associations argues that suspending patents is fraught with danger. If you waive patents this time round, you risk harming the whole medical infrastructure that allowed Covid vaccines to be developed in record time, said Director General Thomas Cueni.
Aon’s $30 billion Willis deal faces EU probe – sources
A full probe by the EU’s executive, the European Commission, would follow a preliminary review due to end on Dec. 21. The Commission declined to comment, as did Aon and Willis. A full-scale EU investigation normally takes about five months.
Airlines warned over safety as jets return from pandemic storage
Worried by IATA’s data, insurers are questioning airlines about whether they are doing extra pilot training to focus on landings, said Gary Moran, head of Asia aviation at insurance broker Aon PLC.
“They want to know about the circumstances of the training,” he said.
Swiss Re Corporate Solutions to write direct insurance in S. Africa
Swiss Re Corporate Solutions Africa said it will underwrite some of the largest and most complex risks in South Africa across a broad spectrum of industries. With a focus on mid- and large-sized corporate customers, the company provides commercial insurance services primarily in the property, engineering & construction, energy (operational power including renewable energy & operational mining), casualty, bank trade & infrastructure, surety, and financial & professional liability lines of business.
India is the world’s best market for portfolio disclosure, finds study
India and US earned top grades for their robust disclosure regimes across six categories including fees, transparency of fund holdings and issues such as conflicts of interest. The report covering 26 markets across North America, Europe, Asia and Africa singled out Australia as a notable laggard.
Earnix launches its Usage and Behavior-Based insurance offering
The pandemic has accelerated the surge in consumer demand for personalization in insurance, and specifically, for UBI and BBI. This phenomenon will forever change how people and businesses consume insurance and will require all carriers to personalize in real-time the products and prices they offer,” said Udi Ziv, CEO at Earnix.
$83 billion global insured cat losses in 2020, the fifth-costliest on record:Swiss Re
”As with COVID-19, climate change will be a huge test of global resilience.Neither pandemics nor climate change are ‘black swan’ events. But while COVID-19 has an expiry date, climate change does not, and failure to ‘green’ the global economic recovery now will increase costs for society in future,”said Jerome Jean Haegeli, Swiss Re Group Chief Economist.
France’s Macron wants to add climate goals in constitution
European Union leaders, including Macron, agreed on Friday to beef up the continent’s 2030 targets to reduce greenhouse gases from 40 per cent to at least 55 per cent compared with 1990 levels.
“We need to keep moving forward, and that work is even more urgent,” Macron said.
Lloyd’s, Parsyl to insure emerging market COVID-19 vaccine rollout
The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corporation, the companies said on Tuesday.
The DFC loan will be used to capitalize a new public-private Lloyd’s syndicate, which will start operating in January, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.
Syndicate 1796 is the first public-private partnership to address a global health emergency in Lloyd’s 330-year history, the companies said.