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Here is a masonry blog layout with no sidebarCyclone brewing in Bay of Bengal, A&N Islands to get heavy rains
“If the forecast materialises, tropical cyclone Asani will become the first-ever tropical cyclone to hit Andaman and Nicobar Islands in March. Not a single tropical cyclone has hit the region in March in at least 132 years,” Akshay Deoras, a meteorologist at the...
Singapore Airlines’ in-flight retailer says 4,749 customers exposed to phishing attack
The company has reviewed its systems and processes together with Singapore Airlines and concluded that the breach was an isolated incident that came about due to a human error. None of its other databases or systems had been compromised Singapore: Personal information...
Shell directors may face lawsuit over climate transition plans
The ClientEarth lawyers said they are seeking to hold the directors personally liable for what they consider to be a failure to adequately prepare for the global shift to a low-carbon economy, claiming an alleged breach of the directors’ duties under the UK Companies...
World far short of climate goals during ‘decade of action’ -report
The report also said big developing countries like India and China, which in 2018 accounted for 42% of all emissions, "will dominate the uncertainty” in climate progress with their emissions growing faster in coming years than emissions are reduced elsewhere...
Reinsurers return more capital on very strong 2021 results: Fitch
The strong increase in earnings in 2021 allows reinsurers to overcompensate for a rise in excess mortality losses linked to Covid-19, above-average natural catastrophe claims and a lower investment income Paris/Frankfurt: The four major European reinsurers – Hannover...
Market volatility is Ukraine war’s main risk for European insurers: Fitch
``We estimate that global reinsurers’ coverage of risks in Russia typically accounts for less than 2% of their gross written premiums (GWP). The exposure is mostly from specialty lines, such as energy, marine and aviation, typically written through Lloyd’s of London...
Magnitude 7.3 Earthquake hits Japan’s Fukushima area, triggers a tsunami advisory & disrupts power in Tokyo
Tokyo Electric Power Co. said more than 2 million buildings, including around 700,000 in Tokyo, lost power. No irregularities have been found at its Dai-ni nuclear power plant in Fukushima, while the Dai-ichi plant is still being checked, Chief Cabinet Secretary...
Bermuda suspends permits for Russian-operated planes over safety oversight concerns
Of the nearly 1,000 planes in the Russian fleet, 745 were registered in Bermuda, aviation consulting firm IBA said on March 1. Of those, 713 were leased and 32 owned Russia's government said on Thursday it had proposed allowing foreign planes leased by Russian...
Generali gets CCI’s nod for increasing stake in Future Generali to 74 pc
Italy’s biggest insurer agreed in January to buy a 25% stake in Future Generali India Insurance from its joint venture partner, debt-laden Future Group, for 145 million euros ($159.37 million), giving the Italian group 74% ownership of the venture New Delhi: The...
Air Lease says Russian law on leased jets could help in claiming insurance
"It (the law) helps the insurance question because it demonstrates the intent to confiscate which is, I think, a critical aspect of our war-risk insurance," Air Lease chairman Steven Udvar-Házy said on Wednesday The new law allows Russian airlines to place airplanes...
Munich Re announces withdrawal from Russian business
“Existing contracts in Russia and Belarus will not be renewed,” the Munich-based company said on its website Wednesday. The same applies to Munich Re's investments in the region Exceptions will only be made if ending business “would negatively affect persons or...
Your connected car knows you. The tussle for that data’s hitting high gear
Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle’s data “If you don’t have access to data in the future, eventually you’ll be squeezed out. You’ll not be efficient, you’ll not have the right services, you...
Lloyd’s of London fines Atrium Underwriters over $1 mln for ‘Boys’ Night Out’ bullying
Lloyd's said in its "notice of censure" that Atrium failed to take adequate steps to deal with an employee's "systematic campaign of bullying against a junior employee over a number of years" and failed to notify Lloyd's of the case LONDON: Lloyd's of London has fined...
MS Amlin expands in Asia Pacific with double hires
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, commented: “We are committed to growing our presence in the Asian market by investing in talented individuals London: MS Amlin Underwriting Limited (MS AUL), the Lloyd’s global (re)insurer, today announces the appointments...
China asks state insurers to review exposure to Russia, Ukraine
The development underscores Beijing’s efforts behind the scenes to minimize risk to its own institutions even as it continues to maintain strong trade ties with Russia in the face of crippling sanctions imposed by the West on that country Beijing: China has told top...
Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk
Gautam Adani 'Over the last 10 years, Indian billionaires added circa USD 700 billion to their cumulative wealth - this is equivalent to Switzerland's GDP and twice the GDP of the UAE!,'' he said New Delhi: Gautam Adani, India's and Asia's second-richest person, added...
Meet the company where staff work less, but produce more
Microsoft gave its 2,300 Japan-based employees Fridays off in 2019, and said it saw productivity rise 40% When French company boss Laurent de la Clergerie decided to let his staff work a four-day week, on the same pay as before, he knew he risked hurting his bottom...
Mandaviya directs high alertness, aggressive genome sequencing as Covid cases spike in Asia, Europe
Union Health Minister Mansukh Mandaviya Amid a rise in Covid cases in some European and East Asian countries, Union Health Minister Mansukh Mandaviya on Wednesday directed officials to maintain a high level of alertness and surveillance, and carry out genomic...