Japan’s capital Tokyo suffered the highest financial cost with approximately 40,000 deaths and economic losses of $43 billion, it added. Lockdowns to stem the spread of the new coronavirus in major cities have forced millions to work from home, while slowing economies have slashed carbon dioxide emissions.

U.K. to set up Green Finance hubs to support banks and insurers to invest in renewables

Feb 19, 2021

The goal is to “equip banks with the latest environmental and scientific intelligence to help companies of all sizes,” according to the statement. Researchers will aim to create products and services that help tackle climate change and its effects, including tools to measure storm and flood-risks.

U.K. points to Political Risk in new Hong Kong business guidance

Feb 18, 2021

The UK government updated its guidance Tuesday for the business risk level in Hong Kong to include a warning that a China-drafted national security law imposed last year was “already reducing the extent to which the people of Hong Kong are able to exercise their fundamental rights and freedoms.”

The guidance also lays out recent political changes in Hong Kong, citing “increasing concerns” about freedom of speech and the risk of police action against perceived national security threats.

Australian regulator raises antitrust doubts over Aon’s $30-billion Willis Towers bid

Feb 18, 2021

The regulator said the deal may lead to price increases or reduced service levels for large or high-value commercial insurance customers and may also limit the insurance coverage and pricing smaller brokers could get for their customers.

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