Climate Change
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Bermuda’s Sirius forms environmental risk team
Sirius Group has added Robert Potter and Bob Albanese to its environmental team, joining Doug Stepenosky, who was appointed to…
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RMS adds cyclones and earthquakes to its Asia-Pacific risk models
Risk modelling and analytics firm RMS has expanded its portfolio of risk models with the addition of tropical cyclone and…
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China’s compulsory pollution liability cover will provide growth opportunities, says Moody’s
The proposed compulsory pollution liability insurance cover in China will provide growth opportunities in non-motor insurance business and promote development…
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Swiss Re launches parametric typhoon policies for Hong Kong and China
Swiss Re Corporate Solutions (SRCS) has launched what it claims is the first ever typhoon warning insurance product for Hong…
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Fukushima executives go on trial in Japan
Three former executives at the Fukushima Daiichi nuclear power plant have pleaded not guilty to charges of professional negligence, in…
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Climate change report forecasts higher intensity weather phenomena
Climate change is likely to cause higher frequency and intense weather events including thunderstorms, wildfires and floods, according to a…
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AGCS opens S Korea office as Asia expansion continues
Allianz Global Corporate & Specialty (AGCS), the corporate and specialty arm of the German insurer, has opened a new office…
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Common law liabilities for pollution in the UK
Anyone familiar with environmental liability will understand how heavily laden the subject is with regulation. Amid the excitement of the…
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Asia Pacific continues to lead shipping losses but trend is positive: AGCS
The south China, Indochina, Indonesia and Philippines region continues to lead the world shipping losses table, according to the Allianz…
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World Bank unveils catastrophe risk financing project for Myanmar
The World Bank has revealed a new project in Myanmar that aims to strengthen the country’s capacity to respond to…
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AXA Corporations Solutions warns of environmental risks under new French laws
AXA Corporate Solutions has warned large corporates operating in France about the risks of failing to meet new environmental laws.…
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WR Berkley restructures Berkley Specialty forming two units
WR Berkley has announced that it has established two independent specialty operating units – Berkley Entertainment & Sports and Berkley…
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Mining sector climbing back to profit
The world’s giant mining houses are reversing their race to the bottom, according to PwC’s Mine 2017 report. The report…
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Parametric insurance: closing the protection gap in Asia
As a region, Asia is particularly prone to natural disasters and extreme weather events such as earthquakes, floods, droughts, heatwaves…
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XL Catlin boosts international pollution liability unit
XL Catlin has announced the promotion of Adias Gerbaud to head its international environmental unit. In her newly expanded role,…
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Investors call on Exxon Mobile to assess risks from climate change
Shareholders in US energy giant Exxon Mobil have backed a motion requiring the company to assess the risks from climate…
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Index-based insurance at point of take-off
Index-based insurance could be at the point of taking off, according to Jonathan Dixon, chair of the International Association of…
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Munich Re backs groundbreaking EIL solution
Munich Re has partnered with a firm in the US that remediates polluted sites, to offer a groundbreaking substitute performance…
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XL Catlin adds to Canadian EIL underwriting team
XL Catlin has added two new members to its Canadian environmental insurance team. Marc Estrada joins from AIG as environmental…
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African smallholder farmers make insurance agenda
Agriculture at the smallholder end of the scale has been coming into sharp focus at the African Insurance Organisation (AIO)…