Nicholas Pratt
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Asia
Tokio Marine Kiln to offer insurance for drone testing
Japan-based speciality insurer Tokio Marine Kiln (TMK) is to provide insurance for the testing of drone-based services. The policy, which…
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Asia
QBE hires new CRO for Australia and NZ division
QBE Australia and New Zealand has appointed Mark Baxter as new chief risk officer (CRO), replacing Anna Gould, who takes…
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Asia
APAC companies top the charts for risk preparedness: Aon survey
Global companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
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Asia
China and Australia to cooperate on cyber crime
The respective governments of Australia and China have pledged to formally collaborate in the fight against transnational crime and to…
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Asia
Alibaba founder warns of impact of automation
Chinese billionaire and chairman of e-commerce giant Alibaba, Jack Ma, has issued a dire warning about the human impact of…
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Asia
India and China to overtake US on renewable energy spending
China and India are on track to meet their climate change goals under the Paris Agreement due to rapidly scaling…
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Asia
Singapore scores high in global talent poll
Singapore has been ranked as the second best place in the world for attracting, retaining and developing talent, according to…
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Asia
India’s regulator issues insurers with new guidelines for cyber security
The Insurance and Regulatory Development Authority of India (IRDAI) has proposed a new information and cyber security framework for the…
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Asia
Indian tycoon Mallya arrested in London on fraud charges
The boss of F1 motor racing team Force India and former head of liquor company Kingfisher has been arrested in…
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Asia
Swiss Re plans Asian reinsurance hub in Singapore
Swiss Re, the world’s second largest reinsurer, is to establish a regional headquarters for its reinsurance business in Singapore, in…
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Analysis & Opinion
A legal guide to cyber BI cover in Asia
Business interruption (BI) insurance, in the traditional context of commercial property insurance, is well established. While in Asia BI wordings…
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Asia
Insured losses from Cyclone Debbie to top $1.3bn: Swiss Re
Total insured losses resulting from cyclone Debbie are estimated to cost at least $1.3bn due to a significant number of…
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Asia
Philippines assesses damage after series of earthquakes
The Philippines has been rocked by a series of earthquakes, the most recent of which registered 6.0 on the Richter…
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Asia
Coca-Cola sues Lloyd’s and Hannover Re for $1m over BI losses in Nepal
Drinks company Coca-Cola is demanding close to $1m in compensation from its insurers for unpaid business interruption (BI) losses incurred…
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Asia
Lloyd’s targets Asia for cyber insurance demand
Lloyd’s CEO Inga Beale anticipates a “massive increase” in cyber insurance business across Asia this year. Lloyd’s currently has a…
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Asia
Aon Benfield’s Apac head to step down
Malcolm Steingold, head of Aon Benfield’s Asia-Pacific division, is to retire after a career spanning more than 35 years. No…
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Asia
Lloyd’s opens in India as results suggest tough renewals ahead for risk managers
Lloyd’s has officially opened its India branch and welcomed MS Amlin as its first underwriting syndicate. The ceremony, which took…
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Asia
New and more costly claims driving up liability losses: AGCS
Corporate risk managers are facing larger and more complex losses resulting from a growing number of liabilities than ever before,…
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Asia
Parima and WTW launch Risk Lab education initiative
The Pan-Asia Risk and Insurance Management Association (Parima) has teamed up with broker Willis Towers Watson (WTW) to launch a…
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Asia
Japan’s commercial quake insurance gap unlikely to narrow in short term: Fitch
Japanese corporates continue to be significantly underinsured for commercial earthquake risk, despite the large economic losses incurred in the March…