Bualoi made landfall on Monday in northern central Vietnam,...
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Death toll rises to 69 after a 6.9 magnitude earthquake strikes central Philippines
The Southeast Asian archipelago is one of the most seismically...
Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new...
Cyber Insurance: Global premiums could exceed $50 billion by 2030, predicts Howden
Dan Leahy, Associate Director, said: “Having navigated the early phases of development that often come with new, fast growing lines of business, the cost of cyber insurance is now more commensurate with loss costs following the recent correction. Whilst the first half...
EV batteries remain major challenge for insurers – UK’s Thatcham
Batteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...
Markel appoints Kevin Leung as chief underwriting officer for Asia
Kevin Leung, chief underwriting officer, Asia Pacific, Markel This appointment is the next step on our journey to empower and develop our underwriting team in Asia. Our aim is to provide the best specialist underwriting capabilities to businesses in Asia Pacific.”...
Reinsurers’ discipline continues at 7/1 renewal: Gallagher Re
Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
Axa sets first emissions goals for insurance portfolio
Europe's second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021 and...
Bank of England consults on next leg of insurance capital reforms
The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit from the bloc as a key “Brexit dividend” to unlock billions of pounds to invest in infrastructure The Bank of...
‘Climate washing’ lawsuits jump as more activists challenge corporate claims, report shows
“One of the most significant groups of climate-washing cases to emerge in recent years have been cases challenging the truthfulness of corporate climate commitments, particularly where these are not backed up by adequate plans and policies,” the report authors, Joana...
Businesses criticize new EU data rules, consumer group sees missed opportunity
DIGITALEUROPE, whose members include Airbus, U.S. tech giants such as Amazon and Google, GFK, Nokia, Qualcomm, Philips, SAP, Siemens and Sony, said the data agreement fell short of businesses’ expectations “The Data Act will place European industry at a disadvantage...
Govt drops plans to levy TCS on overseas credit card spends
The Finance Ministry has also deferred by three months the implementation of a higher Tax Collected at Source (TCS) rate of 20 per cent on expenditures made under LRS and overseas tour packages till September 30 New Delhi: The government on Wednesday dropped plans to...
Howden appoints Rowan Douglas as CEO, Climate Risk and Resilience
Rowan Douglas as CEO, Climate Risk & Resilience Howden’s climate and resilience capabilities will span physical risks, the risks associated with de-carbonisation, the wider risks stemming from the low carbon transition and growing legal liability risks faced by...