by AIP Online Bureau | Mar 26, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
The ship crashed into one of the bridge’s supports, causing the structure to break apart like a toy. It tumbled into the water in a matter of seconds — a shocking spectacle that was captured on video and posted on social media. The vessel caught fire, and thick, black...
by AIP Online Bureau | Mar 26, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
Insured losses from civil unrest by 4-year period – 2012 to 2023 (Source: Howden, NOVA) Howden data shows that insured losses from civil unrest have risen significantly over the last decade to total USD 7 billion in 2020-23. Rather than a series of random acts, recent...
by AIP Online Bureau | Mar 26, 2024 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance
Asia, the Middle East, and India were the most stable markets. Asia saw an influx of new insurers and exhibited a broader risk appetite, and while the Middle East and India saw a decrease in the overall number of deals, an increase in $1bn+ enterprise value deals saw...
by AIP Online Bureau | Mar 26, 2024 | Briefs, Non-Life, Reinsurance
Tokio Marine Kiln (TMK) today announces the appointment of Jonathan Grossman to its property division in Singapore as underwriter, effective immediately. He will focus on writing business across the Asia Pacific region, as well as Australia and New Zealand, given his...
by AIP Online Bureau | Mar 25, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
Hacks and scams cost the crypto industry an estimated $1.8 billion last year, down about 50% from 2022, according to Immunefi, which runs a platform where companies offer bounties to those who locate and flag security flaws in their software. A drop in the very...
