Bharat Kannan has been appointed Head of Distribution Excellence, AXA Asian Markets.
AIG has appointed Mr Richard Olsen to the role of chief actuary of general insurance effective immediately. He will report to AIG executive vice president and CFO Mark Lyons.
Manulife Philippines has announced the appointment of its new President and Chief Executive Officer (CEO).
Vymo, a customer relationship management start-up catering to insurers and financial institutions globally, has appointed Mr Rajesh Sabhlok as its chief customer officer based in Singapore. Mr Sabhlok was most recently the APAC head of strategy and innovation for Willis Towers Watson (WTW)'s insurance consulting and technology business in Singapore.
Climate change will increase severe turbulence on flights, especially on the trans-Atlantic flights. According to a new study, 'Increased shear in the North Atlantic upper-level jet stream over the past four decades', published in the journal Nature, there is a statistically significant increase in vertical wind shear at jet-stream altitudes across the North Atlantic. Changes here can have a significant influence on aviation, since nearly 3,000 flights cross the Atlantic on an average day.
Rating agency Standard & Poor's says it is inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity. It says that if a prudent approach to underwriting and accumulation management isn't followed, the economic loss potential associated with cyber risks will be enormous.
A United Nations (UN) report on effects of climate change says dietary changes, featuring plant-based foods and sustainable animal-sourced food, could free up land and cut emissions. It says global meat consumption must fall to curb global warming, reduce growing strains on land and water and improve food security, health and biodiversity.
Aon has appointed Mr Jonty Vavasour as executive director of M&A and transaction solutions in New Zealand who will be responsible for further building its M&A and transaction liability offering in the country. He joins the broker's dedicated team of over 200 M&A and transaction solutions specialists in 22 major financial centres globally. Based in Aon's Auckland office, he started his new role on 12 August.
Following major changes involving the establishment of a new customer and digital function, Suncorp CEO of customer marketplace Pip Marlow has decided to leave the business effective end of August. The new function will be led by Ms Lisa Harrison, who will become the Australian insurance, banking and finance corporation's chief customer and digital officer.
World Meteorological Organization (WMO) has said July this year may have been the hottest July in history. Hottest July comes on the heels of the planet's warmest-ever June. July this year also saw a European heat wave shatter all-time records.