Total aggregated insurance impacts from the SCS outbreaks between June 17 and 30 constitute the costliest stretch of severe weather in European history and fifth costliest globally, with combined losses preliminarily estimated by the national insurance sectors at $4.5 billion, surpassing the previous European record of $4.3 billion set by storm Andreas in 2013. Insurers in Austria, Switzerland and the Czech Republic recorded their costliest stretches of severe weather on record, while Germany experienced the second costliest.
Report also highlights devastating impact of record-setting heatwaves in U.S. and Canada

Sompo International Commercial P&C sets up Sompo Global Risk Solutions Asia-Pacific, expands multinational capabilities

Jul 10, 2021

Initially, Sompo GRS Asia-Pacific will seek to write business and offer its white glove service model in China, India, Japan (for Sompo GRS clients only), Macao, Hong Kong and Singapore. Thereafter, Sompo GRS Asia-Pacific ultimately intends to serve additional countries throughout the region.

Delta variant cases mark 32% weekly increase in UK, vaccine protection high

Jul 10, 2021

The data continues to show that the sharp increase in cases that we are seeing is not being followed by a similar increase in hospitalisation and death, said Dr Jenny Harries, Chief Executive of the UK Health Security Agency.

This is because two doses of the available vaccines offer a high level of protection against the Delta variant. Getting both jabs is the best way to ensure you and the people you love remain safe, so we once again urge everyone to come forward as soon as they are eligible, she said.

Pakistan-based hackers targeting critical infrastructure PSUs in India

Jul 10, 2021

Seqrite researchers have proactively alerted the government authorities and are working with them to keep potential targets safe.

Researchers suspect this attack to be a cyber-espionage campaign aimed at collecting sensitive information to gain a competitive advantage against India

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