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Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance...
U.S. cyber insurance maintains strong profits; premium growth slows
Chicago/New York: Favorable cyber underwriting results are partly...
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.
China fines Alibaba, Tencent for failing to report past deals to anti-trust regulators
The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in, including Alibaba’s past deal with Intime Retail (Group) Co Ltd and China Literature’s acquisition of New Classics Media.
Gmail, YouTube, Google Docs and other services go down in multiple countries
Not much more to update yet but we’re seeing and getting word from others that multiple Google services have gone down. Gmail, YouTube, Google Drive, Google Docs, Maps, Adwords and Adsense, Google Pay, Google Home and Google’s Chromecast are all experiencing outages, with dozens, even hundreds, of reports we’ve seen so far coming in from across Europe, the US, Canada, India, South Africa, countries in Central and South America, Australia and likely more.
2020 was especially deadly, COVID wasn’t the only culprit
More than a quarter of deaths above normal have been from other causes, including diabetes, Alzheimer’s disease, high blood pressure and pneumonia, according to a New York Times analysis of estimates from the Centers for Disease Control and Prevention.