Aon has appointed Mr Will Allen as executive managing director of capital advisory within its reinsurance solutions. In his new role, he will be responsible for sourcing capital from global organisations to support Lloyd's of London programmes, as well as risk transfer programmes involving the London market and Aon's client base.
BMS Re has appointed Ms Alicia Santocki as executive vice president; Mr Scott Fields and Ms Stephanie Fick as senior vice presidents; Mr Colin Curran and Mr Charles Ill as assistant vice presidents; Ms Cora Cruz as executive assistant and Ms Brenda Martinez-Cox as technical broker.
Front Street Re has appointed Mr Edison Fong as CEO. Prior to his new role, Mr Fong worked at Converge Re and Manulife Financial. He also a diverse range of experiences across all facets of actuarial functions with multinational companies, and currently serves on committees for the Canadian Institute of Actuaries and the American Academy of Actuaries.
Climate change and land-use change could become the main drivers of biodiversity decline by mid-century according to a new study.
A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.
The UK P&I Club (protection and indemnity) has expanded its safety and risk management remit to provide its members with resources and guidance to help them navigate increasingly complex risk environments.
Even rocks from space are not immune to climate change. Antarctica has yielded around 60% of some 80,000 meteorites that the scientists have collected to date, however, the melting ice of the continent is taking most of the meteorites there into deep waters of the ocean.
The 17th-annual data breach investigations report (DBIR) by Verizon has found that ransomware and the meteoric rise of extortion techniques accounted for a third (32%) of all breaches in last one year.
The Indian Ocean is expected to experience accelerated surface warming of 1.4 degrees Celsius to 3 degrees Celsius between 2020 and 2100, which will push it into a near-permanent heatwave state. It will also intensify cyclones, affect the monsoon and lead to a rise in sea levels according to a new study.
A 'staggering' number of workers, amounting to more than 70% of the global workforce, are likely to be exposed to the climate-change-related health hazards, include cancer, cardiovascular disease, respiratory illnesses, kidney dysfunction and mental health conditions..