China has launched the sale of the country’s first earthquake insurance policy as part of its effort to establish a catastrophe insurance system to compensate for disaster losses, reported China Daily.

The U.K. P&I Club’s head of loss prevention Stuart Edmonston said that piracy and kidnap are becoming more sophisticated and prevalent in the Gulf of Guinea, reported The Maritime Executive.

Two bombings in Iraq’s Baghdad city have killed almost 120 people and wounded 200, reported Reuters.

Israeli conglomerate Delek Group said that it has signed a non-binding agreement to sell its insurance unit Phoenix Holdings Ltd. to China’s Fujian Yango Group for at least 1.85 billion Israeli shekels ($481 million), reported Reuters.

Insurer Aviva Canada Inc. has completed the acquisition of Royal Bank of Canada’s RBC General Insurance Co., reported CanadasBiz.net.

U.S.-based Verizon Enterprise Solutions Inc. has said in a report that cybercriminals are targeting pay points for data theft and fraud, reported The East African.

The China Insurance Regulatory Commission has revised rules to make it easier for insurers to invest in infrastructure projects, reported Reuters.

Researchers at the University of British Columbia have found that the insurance sector is unknowingly supporting illegal fishing by covering illicit fishing boats, reported CBC.ca.

All four public sector general insurers in India have been allowed to participate in the government’s farm insurance schemes – the Pradhan Mantri Fasal Bima Yojana and Unified Package Insurance Scheme, reported Mint.