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  • Reinsurance: SCOR successfully sponsors new CAT bond

    French global reinsurer SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2023-1, which will provide the Group with a multi-year risk transfer capacity of $75m to protect itself against named storms in the US, and earthquakes in the US and Canada, as well as European windstorms.

    Asia | 30 May 2023
  • Singapore International Reinsurance Conference to be an all in-person event this year

    The Singapore Reinsurers' Association (SRA) has announced that this year's 19th Singapore International Reinsurance Conference (SIRC) will be an all in-person event following the overwhelming success of last year's in-person event, which drew a record attendance of over 2,200 delegates from 62 countries.

    Middle East | 29 May 2023
  • Self-driving cars must learn the language of cyclists

    Future generations of self-driving cars should learn the language of cyclists to help them safely share the roads according to new research from University of Glasgow.

    AIRPlus | 25 May 2023
  • Most 'sustainable' funds to fall short

    Only 4% of 'sustainable' investment funds would automatically comply with the labelling and naming rules for disclosures set by major regulatory regimes according to technology platform Clarity AI.

    AIRPlus | 25 May 2023
  • Containers lost at sea falls to record low

    Containers lost overboard at sea registered a welcome record low during 2022. The annual survey by World Shipping Council (WSC) recorded a loss of total 661 containers out of the 250m transported during the year. This was the lowest figure of containers lost since 2008 when the survey began.

    AIRPlus | 25 May 2023
  • RenaissanceRe's acquisition deal with AIG Group seen as strategically sound

    The strategic rationale for Bermuda-headquartered RenaissanceRe Holdings' (RenaissanceRe) deal to acquire the treaty reinsurance business of New York-headquartered American International Group (AIG) appears sound, says AM Best.

    Asia | 25 May 2023
  • China braces for record-breaking temperatures

    China is gearing up for another summer of scorching temperatures in 2023. Major Chinese cities have issued heat advisories warning their citizens that potentially record-breaking temperatures are set to pose a threat to electricity supply, crops, and the country's economy.

    Asia Risk | 24 May 2023
  • Gen Z and millennials switch jobs over climate concerns

    A new survey conducted by the professional services firm Deloitte has revealed that more than 40% of Gen Z and millennials have changed jobs or sectors due to climate concerns, or plan to do so in the future.

    Asia Risk | 24 May 2023
  • South Asia: Natural disasters displaced 12.5m in 2022

    Natural catastrophes, especially floods, displaced around 12.5m people in South Asia in 2022 according to the latest annual report of Geneva-based Internal Displacement Monitoring Centre (IDMC).

    Asia Risk | 24 May 2023
  • New York city is sinking

    New York City is sinking about one to two millimetres per year on average under the weight of its own skyscrapers that are estimated to weigh a cumulative 1.68tn pound according to a new study by University of Rhode Island and the US Geological Survey.

    Asia Risk | 24 May 2023

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