Reinsurance

No pathway to reach the Paris Agreement’s 1.5˚C goal without the G20: UN chief

International News       Jul 26, 2021

  UN: "There is no pathway to this goal without the leadership of the G20. This signal is desperately needed by the billions of people already on the frontlines of the climate crisis and by markets, investors and industry who require certainty that a net-zero climate-resilient...

Insurance brokers Aon and Willis drop $30 bn merger move, Aon to pay $1 billion termination fee to Willis

International News       Jul 25, 2021

  DUBLIN, July 26: Aon plc and Willis Towers Watson announced today that the firms have agreed to terminate their proposed $30 billion merger proposal and end litigation with the U.S. Department of Justice (DOJ). In connection with the termination of the business combination agreement, Aon...

China braces for Typhoon In-fa,Shanghai cancels flights

International News       Jul 25, 2021

Shanghai's two international airports cancelled all flights and authorities banned outdoor activities Sunday as eastern China braced for the arrival of Typhoon In-fa. In-fa was forecast to hit Zhejiang province, south of Shanghai, on Sunday afternoon, with rainfall of 250-350 millimetres (10 to 14 inches),...

Companies struggling to manage reporting on climate risks, says report

Indian News       Jul 25, 2021

  Mumbai: Businesses are finding it hard to manage reporting on climate risks and need to take urgent steps to meet the expectations of regulators as well as investors, according to a report. Leading consultancy EY's report covered over 1,100 organisations across 42 countries, including India,...

Cyber attackers will have weaponised tech environments to harm or kill humans by 2025: Report

      Jul 23, 2021

Amid the fast-changing security arrangement around the world, research and advisory firm, Gartner has estimated that cyber attackers will have weaponised operational technology (OT) environments to successfully harm or kill humans by the year 2025. In a release, Gartner said that attacks on OT -...

Climate action must happen 'for our people, not to them', cities say

International News       Jul 23, 2021

  Efforts to push low-carbon lifestyles and green energy to curb climate change will fail unless many people see benefits - and the poorest and most vulnerable should get the biggest gains, leading mayors and other city officials urged Friday. "The journey to net-zero (emissions) has...

Olympics linked Covid cases go past 100, organisers announce 19 new cases

International News       Jul 23, 2021

  Tokyo: The COVID-19 cases associated with the Olympic Games breached the 100-mark on Friday with the announcement of 19 new infections and the Czech contingent seemed among the worst hit after a fourth athlete -- road cyclist Michal Schlegel -- tested positive for the virus....

Health drives non-life insurers back to black in Q1, premia growth up 13.8 pc: Report

Indian News       Jul 22, 2021

Mumbai: A 31 per cent growth in the health segment, driven by the pandemic, has boosted the gross premium collection for the non-life insurance industry by 13.8 per cent to Rs 44,436 crore over in the June quarter over the same period last year, a...

As US wildfire threat grows, insurance capacity shrinks

International News       Jul 22, 2021

  Excessive heat and drought conditions, combined with other adverse weather conditions, spawned a damaging series of wildfires in the western U.S., a trend that could have a significant impact on the property and casualty insurance market. The National Interagency Fire Center, or NIFC, in its...

From China to Germany, floods expose climate vulnerability

International News       Jul 22, 2021

Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is making weather more extreme across the globe. At least 25 people in the central Chinese province of Henan died on Tuesday, including a dozen trapped...

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