Construction sector set for explosive growth, but labour challenges remain

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Asia-Pacific looks set to experience the most growth (over 50%) in the next decade, with the report suggesting this region will become a US$7.4 trillion market by 2030. Meanwhile, construction output in North America is expected to grow by 32%, or US$580 billion, to US$2.4 trillion in 2030, and Western Europe is forecast to grow by 23% in the same period, with construction output reaching US$2.5 trillion.

The global construction industry has proven “incredibly resilient and nimble” throughout the COVID-19 pandemic, according to Richard Gurney (pictured), global head of construction, Marsh Specialty. But he added that it’s important not to

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Standard Club bolsters Asia business with appointments, new offerings

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As Standard seeks to expand its business in Greater China, it has recruited a marine surveyor and an underwriter to join its Hong Kong team. These hires, Standard said, will enhance its service to members and strengthen its partnership with major Chinese insurer Ping An.

Standard Club’s joint venture with Tokio Marine & Nichido Fire (TMNF) has continued to grow, and it now underwrites 10% of P&I business in Japan. In April, Standard opened a new claims office in Tokyo, led by Japanese claims director Masaki Maeda, who works with TMNF to provide excellent claims service to Japanese shipowners.

To

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AXA toughens up climate commitments

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AXA has made the following new commitments:

First, it will stop investing in and underwriting new upstream oil greenfield exploration projects unless they are carried out by companies with the most far-reaching and credible transition plans.

AXA excludes all new direct investments in listed equities and corporate bonds in developed markets in oil and gas companies that operate in upstream and/or oilfield services or downstream subsectors, as well as most midstream players, the company said. AXA selects integrated oil and gas companies for investments based on very restrictive criteria, the company said. Less than 5% of the approximately 650 companies

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The shift from ownership to access is coming to in-store acquiring

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Payments acquirers serving in-store merchants face major challenges, some of which are so significant they need a completely fresh approach.

The shift from ownership to access is coming to in-store acquiring

New ways to pay are proliferating, such as digital wallets and crypto – and these require terminal upgrades and new security features.

Meanwhile the demands of national and international regulators continue to increase, all at a time when pressure on margins and costs are higher than they’ve been for decades.

As we argue in our new white paper, acquirers also need to reduce complexity to succeed. At present, managing

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