Content from L.S. Howard
Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency
The industry's blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. "The directors, following consultation with the shareholders, have ...
Reinsurer SCOR Reports H1 Loss of $242M Blamed on Ukraine War, Natural Disasters
Reinsurer SCOR reported a first-half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in Brazil. The H1 loss of €239 million (US$242.6 million), compares with net ...
The Global Urgency of Building the Carbon Removal Industry
"If you build it, they will come." This famous, but paraphrased, quote from the film "Field of Dreams" is apropos of the fledgling carbon removal industry. The demand is there, but supply needs to be ...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero
Ditching investments in fossil fuel businesses—and denying them insurance—aren't the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, ...
Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech
The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss ...
Many Business Leaders Feel Unprepared for Growing Geopolitical Risks, Inflation
Many business leaders feel unprepared for growing geopolitical risks and inflation, according to a report published by Beazley. "Across the UK and U.S., fewer business leaders feel well prepared to ...
AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured
AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on casualty, specialty, accident and health, and credit lines. With the refocus ...
North Atlantic Hurricane Season Begins With Ripe Conditions for Above-Average Activity
As the North Atlantic hurricane season officially begins, forecasters continue to predict above-average storm activity. The forecast for 2022 North Atlantic hurricane activity is 18 named storms, ...