Tokio Marine Kiln (TMK) announces the appointment of Matthew Shaw as chief underwriting officer. Mr Shaw will join in the first half of next year, having come from Chubb where he was most recently divisional president, global markets.
The 2019 conferences of the Pan-Asia Risk and Insurance Management Association (PARIMA) concluded with the final conference in Kuala lumpur on 5 November 2019. The theme for 2019 was 'Redefining Risks'.
As the impact of climate change exacerbates and water, food and fuel shortages leading to price hikes of these essentials become endemic, conflicts over these are expected to start increasing dramatically.
Asia has the largest share of its population at high risk from a lack of cooling - close to 60% - as climate change continues to increase global temperatures. Globally, over a billion people face threats to their health because they lack cooling methods.
Protected areas, which are vital to preserve diverse life on Earth, as well as mitigate climate change by conserving carbon-sequestering vegetation, are not able to reduce the "anthropogenic pressure" on the most precious natural habitats.
The Underwriting Agencies Council (UAC), the representative organisation for Australia's underwriting agencies, has received 11 nominations for four vacancies on the board of directors. The election will be conducted at UAC's annual general meeting on 11 December at Lloyd's Australia and those elected will each serve a two-year term.
Peak Reinsurance Company (Peak Re), the Hong Kong-based global reinsurer, has announced the joining of Greg Solomon as Managing Director and Head of Life & Health, effective 1 November 2019. He will be based in Hong Kong.
European Union is set to adopt new rules that will require asset managers, insurers and pension funds to disclose environmental, social and governance (ESG) risks in their investments from 2021.
China dumped a total of 200.7m cubic metres of waste into its coastal waters in 2018, a 27% rise from 2017 and the highest level in at least a decade.
With global warming making weather more unpredictable and leading to more harvest failures and increasing the risk of growing migration and poverty, sustainable development as we think of it today may be out of reach, a top U.N. specialist in climate change losses has said.