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Earth’s warmest August saw 65 countries set record high temperatures: Report
Berkeley Earth, which focuses on environmental data science and...
Chubb launches Lloyd’s Lithium Battery consortium
The consortium was created to address a lack of capacity in the...
Zurich sees hardening rates, improving terms – first time since 2002
Figures from Allianz SE, AXA SA and Zurich Insurance suggest premium rate increases overall accelerated in the first half of 2019, according to Bloomberg Intelligence.
Lawsuits over missing Malaysia plane belong in Malaysia, not U.S., court affirms
The decision is a new setback for plaintiffs from the United States, Australia, China, India and Malaysia who represented more than 100 Flight MH370 passengers, including from Japan.
Rumbling volcano shuts down Philippine capital
“The speed of escalation of Taal’s volcanic activity caught us by surprise,” Maria Antonia Bornas, chief science research specialist at the Philippine Institute of Volcanology and Seismology, told reporters.
Swiss Re launches first parametric earthquake Cat bond to hedge mortgage risks
This transaction is the first catastrophe bond issued under Rule 144A with a parametric trigger that is designed to cover mortgage default risk caused by earthquakes in California, Oregon, Washington and South Carolina. Swiss Re Capital Markets acted as the sole structuring agent and joint-bookrunner.
US, Europe to test Boeing 737 Max from Jan 15; India to take a call later
In terms of India’s safety regulations, the Directorate General of Civil Aviation (DGCA) will conduct its own assessment tests, once the FAA-EASA test results are declared.
Iran apologises for plane crash, blames human error and ‘US adventurism
Meanwhile,Ukrainian Prime Minister Oleksiy Honcharuk said on Saturday that Ukraine would pay 200,000 hryvnia ($8,350) each to the families of those who died in a plane crash in Iran this week
Scandal-hit Indonesian insurer, with $2B financial hole, could get government bailout
The scandal has been unfolding during the past three years, after a 2016 audit revealed violations of investment guidelines. Another audit last year showed the insurer had negative equity of 27.2 trillion rupiah ($1.96 billion), sparking calls for a lifeline.
Cat bond issuance breaches historic $100bn milestone: Aon Securities data
Over the past decade, ILS has provided a robust non-correlating asset class for investors, producing an average annual return of 6.38 percent, and 7.48 percent for 2019. Sector investor numbers have grown significantly, with orderbooks in 2019 inclusive of 23 percent more investors, on average, than orderbooks in 2015, allowing average allocations to decrease from USD13m to USD9m, putting less pressure on any given market.
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead
The focus has instead turned to upcoming talks on long-term arrangements with the EU that will kick in when a transition period – during which Britain remains subject to EU rules – ends on Dec. 31.
‘Impossible’ to agree to full EU-U.K. Brexit trade deal by year end: EU Head
Britain would retain high labor and environmental standards after Brexit but would not accept alignment with EU rules or any jurisdiction by the European Court of Justice, a spokesperson for Johnson added.