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Three-quarters of companies globally are not ready for ESG rules: KPMG Report
“Now there will be regulatory and assurance requirements to report...
US urges court to consider Amazon.com asset sales for breaking antitrust law
“The FTC and its state partners say Amazon’s actions allow it to...
MS Amlin unveils new operating model and sr leadership team
Under the new structure, MS Amlin Plc will therefore be removed and the corporate entities MS Amlin Underwriting Ltd. (MS AUL), MS Amlin AG (MS AAG), MS Amlin Insurance SE (MS AISE) and MS Amlin Business Services (MS ABS) will be owned directly by Mitsui Sumitomo Insurance (MSI).
Standard Club launches its new seafarer wellbeing initiatives
London: The Standard Club on Wednesday launched its new seafarer wellbeing initiative as part of its wider focus on putting people at the heart of all it does.This programme of activity is a key part of the Standard Club’s commitment to seafarer...
Thieves steal priceless items from Dresden’s treasury green vault
Robert Read, head of Art and Private Clients at specialist insurer Hiscox, commented “It’s the festive season and everybody goes shopping – art criminals are no different and at this time of year jewelry and works of art which contain a significant amount of precious metals and stones are often targeted. The awful theft in Dresden [early on Nov. 25] shows just that. The thieves now face a major logistical nightmare trying to transform their ill-gotten loot into clean money and that process will offer detectives the best way to track them down. Let’s hope that they succeed and a great museum gets back what is rightly theirs.”
Swiss Re outlines strategies for further profitable growth in reinsurance
“We are investing in research and technology to give us an edge in accessing growing risk pools, such as natural catastrophe, and drive forward our Corporate Solutions and Life Capital businesses. The Group’s superior capital strength allows us to capture such opportunities and maintain attractive shareholder returns.“
‘Unfit’ Uber loses London licence over safety failures
Helen Chapman, director of licensing, regulation and charging at TfL, added that it was “unacceptable” that Uber had allowed passengers use taxi drivers who are “potentially .unlicensed and uninsured”.
Boeing settles more than 60 wrongful death cases filed after Lion Air Crash
All the lawsuits have been working their way through the federal court system in Chicago, where Boeing is based, as the company tries to fend off allegations that both crashes were the result of design flaws in its 737 Max aircraft.
Indonesia starts insuring state assets after year of disasters
The assets are going to be insured against natural disasters such as earthquake, floods and fires, as well as man-made disasters like rioting, terrorism and plane crashes
Climate impacts to cost world US$7.9 trillion by 2050: report
The Economist Intelligence Unit’s (EIU) Climate Change Resilience Index measured the preparedness of the world’s 82 largest economies and found that based on current trends the fallout of warming temperatures would shave off three percent of global GDP by 2050.Its analysis, which assesses each country’s direct exposure to loss as climate change brings more frequent extreme weather events, found Africa was most at-risk, with 4.7 per cent of its GDP in the balance.
Post-Brexit UK will continue to offer significant opportunities:PwC
“We received a clear message that the UK will remain a very important part of Europe’s finance ecosystem beyond Brexit. To this end, and to prevent further fracture, uncertainty and costs for business and investors, there is a strong desire among our clients for close alignment based on regulatory equivalence between the UK and the EU27,” said Andy O’Callaghan, Global Asset and Wealth Management Advisory Leader.
Aon to acquire small-medium business digital insurance agency Cover Wallet
The acquisition provides Aon with additional access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet’s platform to develop and scale innovative digital client experiences that support the firm’s Aon United growth strategy.