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Global tag returned 3224 results

  • Major global insurers asked to stop insuring fossil fuels

    The Insure Our Future network has asked the CEOs of 30 major insurance companies to stop offering insurance services for fossil fuels.

    AIRPlus | 30 Mar 2023
  • Marine industry challenged by more fires and supply chain risks

    Vessels are exposed to higher fire risks caused by many issues including increased shipments of highly combustible lithium batteries. However, vessels may lack adequate firefighting resources and this could lead to severe damage and losses.

    AIRPlus | 30 Mar 2023
  • Global: Swiss Re makes changes to board as chairman joins UBS

    Following the appointment of Mr Sergio Ermotti as the new CEO of UBS and in light of the upcoming AGM of Swiss Re on 12 April 2023, the reinsurer's board has decided on the course of action to conduct the transition process.

    People | 29 Mar 2023
  • New climate friendly underwriting standards for oil and gas

    Chubb has announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions. Methane is a by-product of oil and gas production and is one of the most severe greenhouse gases.

    Asia Risk | 29 Mar 2023
  • Directors likely to face increased litigations over ESG risks

    Increasing ESG risks are likely to result in a spike of claims against directors and drive further increases in insurance costs according to a new report by Mactavish.

    Asia Risk | 29 Mar 2023
  • New EvilProxy phishing tool

    A new phishing tool, EvilProxy, has led to a significant increase in number of business e-mail compromises (BEC). This enables the phishing to bypass most forms of multi-factor authentication (MFA), thus compromising user accounts and ending in attempted payment fraud.

    Asia Risk | 29 Mar 2023
  • Singapore SMEs still to adopt a safe cyber culture

    Most of SMEs in Singapore are not supplementing their digitalisation strategies with adequate protection measures nor tapping into the support available to them according to a new survey conducted by QBE Singapore.

    Asia Risk | 29 Mar 2023
  • UK: Record-breaking heatwave leads to record insurance payouts for subsidence

    Insurers in UK are expected to pay £219m ($268m) in subsidence claims made in 2022, many of which were caused by 2022 summer's record-breaking high temperatures. This would be the highest expected insurance subsidence bill since 2006.

    Asia Risk | 29 Mar 2023
  • New water risk insights report

    A new report released by AXA XL focuses on the impact of three types of water risks across seven sectors and provides five recommendations for businesses to manage their major water-related risks.

    Asia Risk | 29 Mar 2023
  • Supply chains slipping up on green ambitions

    Companies are lagging in tracking supply chain emissions and risk missing forthcoming regulations on nature according to the global non-profit disclosure platform CDP.

    Asia Risk | 29 Mar 2023

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