Christian Dunleavy, Group Chief Underwriting Officer, said:...
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“Megatrend” Risks are not getting properly addressed by business entities, finds out Aon Survey
The survey results highlight that supply chain risks are top of...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the...
US not fully safe with vaccinations unless coronavirus variants curbed: USAID
“We recognize that no matter how many people we vaccinated at home, the United States will not be fully safe as long as the virus rages on around the rest of the world and continues to replicate and generate new and potentially more dangerous,” Konyndyk, who is assisting the Biden administration’s global response to the coronavirus pandemic, said.
High Court asks Delhi government to publicise Covid-19 helplines in newspapers on daily basis
“In newspapers, one does not find these inserts on a daily basis. These things should be there in the papers every day. Fix a corner or column, may be on page 1 or page 3. Some column on a page should be dedicated to it daily so that people know where to go when they need it. People would be habituated. This is where you are lagging behind,” the bench said.
‘Cascade of Calamities’ Plagues Tokyo’s Olympics Ambitions
Masayoshi Son, the billionaire founder and top executive of SoftBank Group Corp., criticized the push to hold the Olympics while Hiroshi Mikitani, billionaire founder and CEO of online retailer Rakuten Group Inc., compared them to a “suicide mission.”
The Asahi newspaper, a sponsor of the games, called in an editorial Wednesday for Suga to make the decision to cancel the games.
Electric 2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA
Globally, EVs now account for 4.4 per cent of new car sales during CY2020 and their share is likely to cross 5 per cent level this calendar year, as per ICRA.
Countries eager to reopen to travel as pandemic recedes
The World Travel & Tourism Council estimates that the sector lost nearly USD 4.5 trillion and 62 million jobs last year. Airlines alone lost USD 126 billion last year and are on track to lose another USD 48 billion this year, according to their largest trade group.
Dutch court orders Shell to deepen carbon cuts in landmark ruling
At a court room in The Hague, judge Larisa Alwin read out a ruling which ordered Shell to reduce its planet warming carbon emissions by 45% by 2030 from 2019 levels.
Shell immediately said it would appeal the court ruling, which comes amid rising pressure from investors, activists and governments on energy companies to shift away from fossil fuels and rapidly ramp up investments in renewable energy.
Cyber crime is growing risk to bank ratings: S&P
Cyber attacks can harm credit ratings mainly through reputational damage and potential monetary losses, it said in a report titled ‘Cyber Risk In A New Era: The Effect On Bank Ratings.’
“Cyber attacks have had only a limited effect on bank ratings to date but can trigger more rating actions in the future as cyber incidents become more frequent and complex,” said Credit Analyst Irina Velieva.
Africa Specialty Risks unveils Parametric Underwriting Division
Mikir Shah, CEO of ASR, commented: “The establishment of the parametric division demonstrates our commitment to de-risking investment and increasing resilience across the African continent. Our vision is to unlock greater and more streamlined protections for insureds, ensuring that inward investment in Africa continues to boost economic activity and growth on the continent, via the integration of innovative, technological solutions.
Trust Re appoints Yassir Albaharna as CEO
With a renowned international profile and wide marketing network, Albaharna has more than 34 years of in-depth experience in the reinsurance industry. He was previously Chief Executive Officer of one of the premier reinsurance organisations in the Arab world and served as Vice Chairman of Trust Re since 2019.
India reports 2.08 lakh Covid cases as it conducts highest single-day tests; 4,157 more succumb
This is the second day in a row that positivity rate has remained below 10 per cent, the ministry said. Weekly positivity rate has also declined to 11.45 per cent. The updated data showed that the number of active cases have further come down to 24,95,591, constituting 9.19 per cent of the total infections, while the national COVID-19 recovery rate has improved to 89.66 per cent.