Risk Management

Joe Biden announces $2 trillion climate plan, vows to rejoin Paris deal

Facts       Jul 15, 2020

Democratic presidential nominee Joe Biden has unveiled a USD 2 trillion proposal to boost investment in clean energy and combat the global warming as he pledged to rejoin the historic Paris agreement on climate change if elected in the November elections. US President Donald Trump...

Asian waters account for most shipping losses,global numbers hit record low:AGCS

International News       Jul 15, 2020

  Singapore: Asian waters accounted for a third of a large vessels lost at sea globally, even as large shipping losses are at a record low having fallen by over 20% year-on-year, according to specialty insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety& Shipping Review...

Govt approves Rs 107 cr for fire-fighting facilities at Haldia Dock

Indian News       Jul 14, 2020

  New Delhi: The government on Tuesday said it has approved Rs 107 crore for modern fire-fighting facilities at Haldia Dock Complex of Kolkata Port to ensure safe cargo operations, especially petro-chemical goods. Kolkata Port is one of the top 12 major ports in the country....

UK bans Huawei from 5G network, orders telcos to stop buying its equipment

International News       Jul 14, 2020

London: UK bans Huawei from 5G network, orders telcos to stop buying its equipmentBritain's government on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a limited role in the UK's new high-speed mobile phone network in a decision with broad implications for relations...

Russian President Vladimir Putin

Russia requires firms to develop financial/insurance contingency plans for oil spills

International News       Jul 14, 2020

Moscow: President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate resources for a contingency plan in the case of a spill. The law makes it mandatory for companies to have sufficient financial reserves to...

UK Plans to spend $6.6 billion on building flood defenses through 2027

International News       Jul 14, 2020

  London: Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the plan, billed as “the most comprehensive in a decade,” the UK will build...

Fabien Conderanne,Regional Head, Financial Solutions,Asia Pacific,Willis Towers Watson

Willis appoints Fabien Conderanne as Regional Head of Financial Solutions in Asia Pacific

International News       Jul 14, 2020

  SINGAPORE: Willis Towers Watson, a leading global advisory, broking and solutions company, announced the appointment of Fabien Conderanne as Regional Head, Financial Solutions for Asia Pacific. effective 1 July, Fabien takes over from Stuart Ashworth, who has been promoted to the global role of Head...

Markel appoints Head of Renewable Energy,first ever based in Asia

International News       Jul 13, 2020

  London &Singapore:  Markel International, the specialist insurer, has today appointed Thomas(Tom) Baker as senior underwriter - head of renewable energy. Based in Singapore, Tom is Markel’s first ever Asia-based global head as well as their first renewable energy underwriter in the region. Reporting to Rohan...

China's bank and insurance sectors facing rises in non-performing assets - regulator

International News       Jul 11, 2020

BEIJING: China’s banking and insurance sectors are facing increasing pressure from rises in non-performing assets, the China Banking and Insurance Regulatory (CBIRC) said on Saturday. Asset quality at some small and medium-sized financial institutions is deteriorating due to the coronavirus pandemic, the regulator said in...

India panel proposes new regulator for non-personal data: draft report

Indian News       Jul 10, 2020

  NEW DELHI: India should set up a data regulator and require companies to disclose how they collect and store data devoid of personal details or which has been anonymised, a panel tasked to draw up such regulations has said in a draft report seen by...

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