Natural disasters caused economic losses of over $772m in the Middle East in 2022, according to the report "2023 Weather, Climate and Catastrophe Insight" published last week by global insurance and reinsurance broker Aon.
SCOR's has appointed Mr Thierry Léger SCOR CEO. He was formerly Swiss Re chief underwriting officer. He will take up his new post with effect from May. He has 25 years of experience in the reinsurance sector. His expertise covers life reinsurance, P&C reinsurance and alternative reinsurance.
Re/insurers can help solve the climate crisis by matching capital to risk where it's needed, such as via clean tech solutions, and by de-risking projects and technology development, which will encourage faster and more meaningful investment, says insurance and reinsurance broker Aon.
Ice in Greenland is defrosting, leading to melting events that could raise sea levels by almost 51cms by the end of the century according to a new research study.
Over the past 12 months, Asia has been buffeted by overlapping international crises, including the COVID-19 pandemic and Russia president Vladimir Putin's invasion of Ukraine, but there is a good case for cautious optimism about Asia's prospects for 2023 according to Asia Pacific Foundation of Canada distinguished fellow Bart Édes writing in Marsh McLennan web newsletter Brink.
Nearly 50 environmental and social (E&S) shareholder proposals would have won majority support in 2022 if asset managers including BlackRock, State Street and Vanguard had voted for them according to a new analysis.
Renewables will remain the darling of the global energy transition, yet risk managers will face multiple challenges arising from a 'new trilemma' according to Renewable Energy Market Review 2023 published by WTW.
Nearly two thirds of sharks and rays that live among the world's coral reefs are currently threatened with extinction according to a recent study published in the journal Nature Communications.
The UN convened Net-Zero Insurance Alliance (NZIA) has launched?the alliance's first target-setting protocol.
Comparing insurers' IFRS 17 results will be difficult initially due to differences between companies' approaches under the accounting standard, Fitch Ratings says in a new report.