Willis Towers Watson establishes climate accreditation scheme

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The global broking and consulting firm will work with independent third-party groups including Volans, which is behind the Bankers for Net Zero initiative, and the Climate Bonds Initiative (CBI), a global investment organization committed to climate resilience, in creating the CTP governance committee.

The two climate organizations will be in charge of creating industry-specific solutions to be rolled-out over the coming months. They will utilise the Assessment for Low Carbon Transition (ACT) methodology to formulate an accreditation model to review business commitments to principles aligned to the Paris Agreement and science-based targets consistent with reducing global emissions to help companies

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Argo Group outlines Q1 numbers

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Gross written premium (GWP), meanwhile, fell 8.4% to US$756.5 million. It was noted that the decline in international premiums was due to the sale of Ariel Re last November and planned exits of businesses in Italy and Malta.

Also, the Bermuda-headquartered insurance group suffered an underwriting loss worth US$17.9 million in the period. In its US operations, the specialist underwriter had an US$11.3 million underwriting income; in international operations, an underwriting loss of US$21.8 million.

The latest underwriting result, albeit negative, represents a better showing compared to the US$46.8 million underwriting loss in the fourth quarter of 2020.

Argo chief

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Payoneer replaces PayPal in latest agreement with eBay

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As eBay further distances itself from its PayPal relationship and looks to consolidate its payments inhouse, the e-commerce monster has signed a new deal with Payoneer.

Payoneer replaces PayPal in latest agreement with eBay

Payoneer says it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace.

The company has teamed up with Payoneer as part of its mission to modernise its marketplace, removing complexities and creating a more streamlined payment experience for sellers around the world.

Now, sellers will benefit from faster access to funds, greater flexibility managing multi-currency

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Digital Dollar Foundation announces 5 pilots of US CBDC

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The Digital Dollar Project, a non-profit organisation, has announced it will launch five pilot programs over the next 12 months to test the potential uses of a US central bank digital currency (CBDC), the first effort of its kind in the US.

Digital Dollar Foundation announces pilots of CBDC

The private-sector pilots will be funded by Accenture and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help US policymakers develop a digital dollar.

A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote

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