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As we observe Fire Prevention Month in March, businesses throughout Asia must remain vigilant against potential fire hazards. While the region contends with various natural disasters, such as typhoons and earthquakes, fires have also left their mark on the history of many countries, emphasizing the critical need for proactive measures in fire prevention and safety. Recent data from various fire departments across Asia highlights a troubling trend, with recorded fires witnessing an alarming increase compared to previous years. Contributing factors to this surge include heightened electricity demand during certain seasons, potentially straining power grids, as well as the presence of combustible materials that are susceptible to ignition.Through the fire: Learning from Fire Incidents in Asia

Cargo market remains stable amid global conflicts

The London cargo market continues to prove its stability to assureds in 2024 due to increased capacity, new entrants trading more actively since early 2023, a relatively static January reinsurance treaty renewal season, and more balanced profitability booked over the past few years. However, insurers’ reaction to geopolitical conflicts may require creative solutions and persistent negotiations to ensure appropriate protection.The London cargo market continues to prove its stability to assureds in 2024 due to increased capacity, new entrants trading more actively since early 2023, a relatively static January reinsurance treaty renewal season, and more balanced profitability booked over the past few years. However, insurers’ reaction to geopolitical conflicts may require creative solutions and persistent negotiations to ensure appropriate protection.

Steven Goldenberg joins Lockton leadership team as Executive Vice President, Operations

Steven Goldenberg joins Lockton leadership team as Executive Vice President, Operations  Steven Goldenberg joins Lockton leadership team as Executive Vice President, Operations

A Playbook Against MOAB: Preventive Measures Against the Mother of All Breaches

In 2023, a staggering 2,000 companies and government entities disclosed data breaches affecting over 400 million personal accounts. Recently, an alarming discovery unveiled a large data repository, totalling 26 billion records from past breaches, encompassing user data from major platforms like LinkedIn, Twitter, Adobe, and Canva. This unprecedented breach is now dubbed the Mother Of All Breaches (MOAB).In 2023, a staggering 2,000 companies and government entities disclosed data breaches affecting over 400 million personal accounts. Recently, an alarming discovery unveiled a large data repository, totalling 26 billion records from past breaches, encompassing user data from major platforms like LinkedIn, Twitter, Adobe, and Canva. This unprecedented breach is now dubbed the Mother Of All Breaches (MOAB).
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