Zurich hires new group chief data officer

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Before joining PwC, Kasahara held various senior leadership roles at IBM, including general manager of IBM iX in Europe and general manager of analytics and strategy consulting in Europe. During his 14 years at IBM, he successfully launched two business units to optimise data analytics capabilities and integrated three acquired companies.

In his new role, Kasahara will oversee all aspects of data management to help drive Zurich’s digital transformation.

Specifically, Kasahara will lead global data management and governance, develop new data analytics capabilities and products, expand Zurich’s machine learning competencies, and ensure delivery against its data for good commitment. He

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Singapore, US to deepen cybersecurity cooperation

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The Monetary Authority of Singapore (MAS) and the United States Department of the Treasury have entered a bilateral memorandum of understanding on cybersecurity.

The agreement, which was announced during US vice president Kamala Harris’s visit to Singapore, recognises “the importance of deepening cooperation in new domains to deal with the challenges of the 21st century,” MAS said.

The MOU focuses on improving cooperation in the following areas:

  • Information sharing related to the financial sector, including cybersecurity regulations and guidance, cybersecurity incidents and cybersecurity threat intelligence
  • Staff training and study visits to promote cooperation in the area of cybersecurity
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Swiss Re links up with Climeworks to combat climate change

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Together, Swiss Re and Climeworks have signed the world’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth US$10 million over ten years. This marks a major milestone towards Swiss Re’s goal of reaching net-zero emissions in its operations by 2030.

The partnership also reflects Swiss Re’s support for the carbon removal industry and gives it early access to the new carbon removal risk pools and asset classes.

“To mitigate the risks of climate change, the world needs to scale-up carbon removal on top of, not instead of emission reductions. By partnering with Climeworks, we

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How did insurance M&A deals develop in the first half of the year?

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In contrast, the Asia-Pacific region saw completed deals plummet from 37 to 18, the lowest level since Clyde & Co began keeping tabs a decade ago. The Asia-Pacific drop was driven by geopolitical and post-pandemic uncertainty, the report said. Japanese acquirers were the most active in the region, ahead of India and Australia.

After a standout year in 2020, which saw a total of 32 deals, M&A activity in the Middle East and Africa fell to only five completed transactions in the first half. All of those deals involved Middle east acquirers – two from Israel and one each from

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