"So on new variants, not only EG.5, we would expect more variants....
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Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Insurance industry sources said rates for additional war risk...
Tokio Marine Southeast Asia asset sale draws Japan rivals
Tokio Marine has been gauging interest in the assets, which could...
Multiple cyber attacks on Airbus suppliers; possible link to China: Report
Hackers have targeted British engine-maker Rolls-Royce and the French technology consultancy and supplier Expleo, as well as two other French contractors working for Airbus that AFP was unable to identify.
U.N. science panel warns climate impacts on oceans include rising seas, dry rivers
“Everybody in the world will be affected by the changes we are seeing,” Michael Meredith, an oceanographer with the British Antarctic Survey and one of the report’s authors, told Reuters.
Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience
As part of the program, as much as $5 billion in insurance capacity will be offered to 20 developing countries that are vulnerable to shifts in the climate and willing to work with the groups to increase their resilience, according to a statement Sunday from the Insurance Development Forum, the UN Development Program, the German Federal Ministry for Economic Cooperation and Development and the U.K. Department for International Development.
Singapore minister to deliver keynote address at SIRC
The SIRC Deep Dialogue will provide multifaceted perspectives on the future for the (re)insurance sector – from a seasoned industry insider and a sophisticated institutional investor in insurance and InsurTech – and will provide clues on how the (re)insurance sector will transform in a highly disrupted future.
India to offer Pacific island nations $150 mn credit line for climate issues
In addition, a concessional Line of Credit of $150 million which can be availed by the PSIDS for undertaking solar, renewable energy and climate related projects based on each country’s requirement was announced,, .
How U.S. is attempting to manage risk from ‘Insider’ terrorist threat in aviation
Despite security upgrades since the hijacking terror attacks of 2001, breaches including a gun-running operation at the nation’s biggest airport illustrate the possibility that a well-placed airline or airport employee could bring down a plane.
Business leaders spend less than 1 Day a year focusing on Cyber Risk: Marsh Survey
“We are well into the age of cyber risk awareness, yet too many organisations still struggle with creating a strong cyber-security culture with appropriate levels for governance, prioritization, management focus, and ownership,” said Kevin Richards, global head of Cyber Risk Consulting, Marsh. “This places them at a disadvantage both in building cyber resilience and in confronting the increasing complex cyber landscape.”
Aviation industry braces for double-digit premium hikes after 737 MAX groundings
“We have been seeing gradual growth in rates over the last year to two years, but the level of increases has certainly picked up since the MAX losses,” Global Aerospace executive Simon Abbott told Reuters at the Aircraft Builders Council conference. “The single-digit increases of last year have become very definitely double-digit this year.”
African Swine fever spreads in Philippines
The Southeast Asian nation since last year has imposed several measures to protect its $5 billion hog industry from the onslaught of African swine fever, including banning the entry of pork and pork-based products from more than a dozen nations.
RFIB granted Hong Kong licence
Stephen Warwick, who joined the business in February of this year, has been registered as the Chief Executive of RFIB Hong Kong Limited and continues in his role of CEO Reinsurance, Asia Pacific for the Group.