Under the scheme, MS Amlin has committed EUR 80 million in...
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Risk Management
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Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top...
Huge fire closes UK’s Heathrow Airport, global flight schedules disrupted
"To maintain the safety of our passengers and colleagues, Heathrow...
Russia-Ukraine conflict raises big risks for global economy
Stocks have tumbled in anticipation of higher rates and a potential downturn. Market benchmarks in Europe and Asia fell by as much as 4% on Thursday, while Wall Street futures retreated by an unusually wide daily margin of 2.5%. Financial markets could grow even more...
2021, the most challenging year yet for cyber insurance market: Aon’s Asia Market Review
Organisations with better ability to tolerate risk, and with well-articulated submissions to the market, will have the competitive edge when it comes to accessing insurance coverage, said the report Cyber Threat: Insurance premiums and retentions increased sharply...
Wildfires projected to rise 50% in this century due to climate crisis and changes in land use: UN Report
“Wildfires are made worse by climate change through increased drought, high air temperatures, low relative humidity, lightning, and strong winds resulting in hotter, drier, and longer fire seasons,” UNEP said UN: Wildfires are projected to rise by 50 per cent by the...
EU draft law would require firms to check suppliers for human rights, environmental ethics
EU firms will have to make sure that their suppliers are not using forced labour, child labour, of inadequate workplace health and safety, exploitation of workers, or environmental offences like greenhouse gas emissions, pollution, or biodiversity loss and ecosystem...
China asks banks, firms to report exposure to Jack Ma’s Ant Group -Bloomberg News
Ant has been subjected to a sweeping restructuring by China, whose initial public offering of $37 billion was derailed by regulators in late 2020. Chinese authorities have told state-owned firms and banks to start a fresh round of checks on their financial exposure...
Fires on vessels still one of the biggest safety issues for shipping industry: Allianz
There was a record 40 cargo-related fire incidents alone in 2019 or one every 10 days. Across all vessel types, the number of fires/explosions resulting in total losses hit a four-year high of 10 at the end of 2020– accounting for around one in five total losses...
World’s largest NFT marketplace OpenSea hacked, users lost NFTs
"We are actively investigating rumours of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website," the NFT marketplace posted in a tweet New Delhi: World's largest NFT (non-fungible...
ICAO enhances UN cooperation to advance counter-terrorism initiatives in international civil aviation
It is additionally expected to maximize related deliverables to Member States in a variety of areas of ICAO/UNOCT focus, including initiatives pertaining to unmanned aircraft systems (drones) and cybersecurity Montréal: Juan Carlos Salazar, Secretary...
Nasdaq sinks into ‘Death Cross’ for first time since April 2020
“When you hear ‘death cross’ your antenna goes up,” Jay Woods, chief market strategist at DriveWealth Institutional, said in a phone interview. “It doesn’t always mean doom and gloom is coming. It just means we’ll likely be in a more extended downtrend.” With...
G20 finance leaders dilute geopolitical risks reference in communique
Their statement instead said: "We will also continue to monitor major global risks, including from geopolitical tensions that are arising, and macroeconomic and financial vulnerabilities." G20 finance leaders on Friday watered down language on global economic risks...