Canopius can offer an individual line size of up to $130mn for...
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ASPEN appoints Tay Boon Chuan as head of Singapore
Boon brings with him more than 23 years’ experience of the Asian...
ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT
Regulators aim to apply existing rules covering everything from...
Indonesia earthquake, tsunami toll reaches 384, more than 540 injured
Indonesia’s 17,000 islands are prone to earthquakes because the country straddles the Ring of Fire, an arc of fault lines and volcanoes that causes frequent seismic upheavals. At least 160,000 people were killed on Sumatra Island as a result of a 9.1 magnitude earthquake and tsunami on Boxing Day in 2004
Another breach hits FB, despite vow to protect data
A few days before that, Zuckerberg wrote that the company was better prepared for attacks by foreign actors spreading division and misinformation ahead of elections in the US, France and other countries. The prospect of hackers taking control of almost 50 million Facebook accounts may undermine those assertions.
Harmful use of alcohol kills more than 3 million people each year, most of them men:WHO
Of all deaths attributable to alcohol, 28% were due to injuries, such as those from traffic crashes, self-harm and interpersonal violence; 21% due to digestive disorders; 19% due to cardiovascular diseases, and the remainder due to infectious diseases, cancers, mental disorders and other health conditions.
UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters
The Bank of England has called this approach “impractical” and said 82 billion pounds ($109 billion) of insurance liabilities involving 48 million policyholders could be disrupted across Britain and the European Economic Area.
Porsche first German carmaker to abandon diesel engines
Diesel car sales have dropped sharply as several German cities have banned them to bring down air pollution — a trend that Chancellor Angela Merkel was due to discuss with car company chiefs in Berlin later Sunday.
Lloyd’s returns to profit for the first half of 2018
Lloyd’s Chief Executive, Inga Beale, said: “These results and return to profit demonstrate the strength of the Lloyd’s market following one of the costliest years for natural catastrophes in the past decade. Whilst these results are welcome, Lloyd’s continues to concentrate on improving the Lloyd’s market’s long-term performance by taking action to address underperforming areas of the market.
Florence portends more massive hurricanes in age of global warming
“There is going to be both more inland flooding and more storm-surge, ocean-related flooding because the ocean is getting higher,” said Brion Callori, senior vice president of engineering and research at commercial property insurance firm FM Global.
Digitally influenced spending in emerging markets to reach $4 trillion by 2022: Report
BCG’s report comes at a time when emerging markets are growing at three times the rate of developed markets and contributing much of the world’s growth.
Marsh & McLennan to buy UK broker JLT for $5.7 billion
“ The complementary fit between our companies creates a platform to deliver exceptional service to clients and opportunities for our colleagues. ” said Dan Glaser, President and Chief Executive Officer of MMC.
Both the re/insurnace brokers have operations in India in the form of joint ventures. JLT hold 49 per cent in the local venture while Marsh, has stakes of 26 per cent in the Indian company. Marsh is the largest re/insurer broker in India.
Over 60% of insurance experts expect higher cyber-related losses over next 12 months:Willis
Anthony Dagostino, Global Head of Cyber Risk Solutions, Willis Towers Watson said: “The insurance market considers ‘silent cyber’, or cyber-related losses under policies where cyber risk isn’t specifically included, to be a far greater risk than ever before.