• Tool enables risk managers, brokers and CISOs to better evaluate cyber risk and maximize insurance value
• Cyber Risk Analyzer is the latest release under Aon Actionable Analytics, which already includes Property Risk, Casualty Risk, D&O Risk and Health Risk analyzers

CHICAGO, Nov. 18, 2024 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, today launched its Cyber Risk Analyzer, a digital application that allows risk managers to make data-driven, technology-enabled decisions to mitigate cyber risk. The tool is the latest in a series of new offerings, which brings together Aon’s data, tools and analytics professionals to support clients through an evolving risk landscape across sectors.

“As cyber threats continue to grow in frequency, sophistication and severity, organizations face an array of complex risks—from ransomware and business interruption to insider threats and data breaches,” said Christian Hoffman, global specialty and financial products leader for Aon. “Compounding these risks are increased litigation pressures, shifting regulatory landscapes, and heightened scrutiny from shareholders. We designed Aon’s Cyber Risk Analyzer to address these challenges and help clients evaluate and quantify their enterprise cyber risk, enabling them to make better decisions.”

Aon’s Cyber Risk Analyzer allows Aon’s clients and brokers unique access to:

• Loss Forecasting: Model detailed loss scenarios faster, including privacy or data breach and system failure. The analyzer incorporates Aon’s customized proprietary simulation modeling approach based on internal claims insights, independent research by Aon’s Cyber Risk Consulting team and findings from bespoke cyber modeling engagements.
• Exposure Assessment: Integrate with other proprietary Aon tools, including Aon’s Cyber Quotient Evaluation platform (CyQu), to obtain a holistic assessment of a client’s exposures and security controls.
• Total Cost of Risk (TCOR) Analysis: Overlay loss forecasts with customized insurance options to produce TCOR and Catastrophic TCOR analyses.

These capabilities enable brokers to provide risk managers, chief information security officers and corporate leaders a view of the changing cyber risk environment so they can make informed decisions around risk transfer versus risk retention on their balance sheets. Client risk managers will be empowered to deliver insights on optimal insurance capital allocation decisions to their boards of directors and corporate officers.

Empowering Clients with Actionable Insights
The launch of Aon’s Cyber Risk Analyzer follows the 2024 debuts of the firm’s Property Risk Analyzer, Casualty Risk Analyzer, D&O Risk Analyzer and Health Risk Analyzer, that provide exposure visualizations and model potential losses to help Aon’s clients make better informed decisions about their risk and insurance options. The analytics tools are designed by Aon’s Risk Capital and Human Capital capabilities in collaboration with Aon Business Services to provide Aon clients with actionable insights that allow for greater control over their insurance program structure. 

“Aon’s Cyber Risk Analyzer builds on Aon’s commitment to equipping clients with insights that enable data-driven decisions,” said Joe Peiser, global CEO of Commercial Risk Solutions for Aon. “As the risk landscape becomes increasingly complex, our team delivers actionable analytics that help our clients confidently evaluate risks and insurance options.”

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media Contact
Robert Elfinger
[email protected]
+1 312 610 3182

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• Greenfield project is expected to be fully operational by end of 2030 
• Integrated refining and petrochemical project aims to maximize chemical output 
• Complex expected to supply around five million tons per year of feedstock to Gulei Petrochemical Base

DHAHRAN, Saudi Arabia, Nov. 18, 2024 /PRNewswire/ — Aramco, one of the world’s leading integrated energy and chemicals companies, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have today broken ground on a new integrated refining and petrochemical complex in Fujian Province, China.

The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million tons-per-year ethylene unit, a two million tons paraxylene and downstream derivatives capacity, and a 300,000 tons crude oil terminal. FPCL, a 50:50 joint venture between SINOPEC and Fujian Petrochemical Industrial Group Company, will own a 50% stake in the complex, with Aramco and SINOPEC each taking a 25% stake. The project is expected to be fully operational by the end of 2030.

Mohammed Y. Al Qahtani, Aramco Downstream President, said: “Building on our strong relationships with both SINOPEC and Fujian Petrochemical, today’s groundbreaking further expands Aramco’s growing downstream investment portfolio in China. We will supply in excess of one million barrels per day of our crude oil to these high chemical conversion assets in China, reinforcing Aramco’s role as a reliable and long-term partner in China’s development. This also advances our liquids-to-chemicals strategy, through which we intend to direct more of our crude towards helping meet rising global petrochemicals demand.”  

Ma Yongsheng, SINOPEC Chairman, said: “Both SINOPEC and Aramco are committed to promoting the high-quality development of the petroleum and petrochemical industry. Aramco’s participation supplies long-term reliable and competitive feedstock for the project and further boosts the healthy development of Gulei Petrochemical Base. Successful cooperation in this project marks a new milestone in the China-Saudi all-weather strategic partnership, with a focus on greater domestic circulation and in line with the dual circulation strategy.”

@aramco

About Aramco

Aramco is a global integrated energy and chemicals company. We are driven by our core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. www.aramco.com 

Disclaimer

The press release contains forward-looking statements. All statements other than statements relating to historical or current facts included in the press release are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its capital expenditures and investments, major projects, upstream and downstream performance, including relative to peers. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “can have,” “likely,” “should,” “could,” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements, including the following factors: global supply, demand and price fluctuations of oil, gas and petrochemicals; global economic conditions; competition in the industries in which Saudi Aramco operates; climate change concerns, weather conditions and related impacts on the global demand for hydrocarbons and hydrocarbon-based products; risks related to Saudi Aramco’s ability to successfully meet its ESG targets, including its failure to fully meet its GHG emissions reduction targets by 2050; conditions affecting the transportation of products; operational risk and hazards common in the oil and gas, refining and petrochemicals industries; the cyclical nature of the oil and gas, refining and petrochemicals industries; political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; natural disasters and public health pandemics or epidemics; the management of Saudi Aramco’s growth; the management of the Company’s subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; Saudi Aramco’s exposure to inflation, interest rate risk and foreign exchange risk; risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which Saudi Aramco operates; legal proceedings, international trade matters, and other disputes or agreements; and other risks and uncertainties that could cause actual results to differ from the forward-looking statements in this press release, as set forth in the Company’s latest periodic reports filed with the Saudi Stock Exchange. For additional information on the potential risks and uncertainties that could cause actual results to differ from the results predicted please see the Company’s latest periodic reports filed with the Saudi Stock Exchange. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. The information contained in the press release, including but not limited to forward-looking statements, applies only as of the date of this press release and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the press release, including any financial data or forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law or regulation. No person should construe the press release as financial, tax or investment advice. Undue reliance should not be placed on the forward-looking statements.

View original content:https://www.prnewswire.co.uk/news-releases/aramco-sinopec-and-fujian-petrochemical-break-ground-on-new-refining-and-petrochemical-project-in-china-302308607.html

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This new model for staking and trading ETH validators is set to solve liquidity challenges and shows a clear pathway to a 100% stake ratio for North American asset managers.

TORONTO, Nov. 18, 2024 /PRNewswire/ — Northstake A/S, the virtual asset service provider offering compliant staking products for institutions, has demonstrated a new staking model that allows asset managers to trade their ETH validators on a marketplace with industry-leading market makers, including GSR, Nonco, DV Chain and Keyrock.

Northstake’s ETH validator marketplace allows asset managers to trade ETH validators at a competitive liquidity premium compared to credit or liquid staking derivatives, helping to solve the industry challenge of contingent liquidity. The marketplace enables Northstake’s institutional clients to liquidate their ETH validator nodes in a matter of hours.

The first trade of a validator on Northstake’s ETH validator marketplace has been completed by 3iQ Corp, the Canadian investment fund manager which has been a front-runner in digital assets launching their first global 3iQ Ether Staking ETF (TSX: ETHQ) in 2023 and through Tetra Trust as a custodian.

Greg Benhaim, Executive Vice President for Products at 3iQ, said: “3iQ believes that by adding liquidity to our ETF validators, we can unlock the full return potential of ETH for our customers. With strong participation from market makers and sufficient liquidity depth, there’s an opportunity to stake the entirety of the ETF’s assets, maximizing its value. Northstake is currently the leading solution in addressing this need for ETFs.”

In solving persistent issues with contingent liquidity, Northstake will unlock ETH staking opportunities for its clients. Currently, only 28% (approx) of ETH’s total supply is being staked, representing missed opportunities for asset managers and investors, particularly those with spot ETH ETF positions. Northstake aims to enable ETH total return products and to become the backbone for an institutional-grade ETH total return token.

Jesper Johansen, CEO of Northstake A/S, said: “Our solution solves the contingent liquidity problem in a regulatory compliant way when staking ETH. This sets a new standard for how institutions should consider incorporating staking in their funds. The evidence and data we generate will provide a clear regulatory pathway for North American-based ETF issuers incorporating staking in their regulatory filings. Ultimately, our aim is to transform spot ETF into total return products”

This news follows the announcements of 3iQ, CoinFund, CoinDesk Indices, DV Chain, Nonco, Keyrock and GSR joining Northstake’s tokenized staking initiative earlier in 2024. Continuing its trajectory of strong growth, Northstake is now actively onboarding global ETF providers and market makers.

Jesper Johansen, CEO & Founder of Northstake, and Greg Benhaim, Executive Vice President for Products at 3iQ, are available for interviews. 

About Northstake A/S

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Northstake A/S is a regulated, EU-based virtual asset service provider offering compliant staking products to institutions. Northstake has demonstrated a new staking model allowing institutional investors to trade Eth validators on a marketplace with industry-leading market markers. Northstake aims to build a tokenized Eth validator marketplace for institutions. Northstake A/S (VASP, FTID: 17520) is regulated under the Danish Financial Supervisory Authority (DFSA). To learn more visit www.northstake.dk

About 3iQ

Founded in 2012, 3iQ is one of the world’s leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public ether investment funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ.U). To learn more about 3iQ, https://3iq.io/.

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