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Fragile truce tested as U.S. and Iran exchange fire in Strait of Hormuz”

Fragile truce tested as U.S. and Iran exchange fire in Strait of Hormuz”

by AIP Online Bureau | May 5, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump sent the navy to escort stranded tankers through the strait in a campaign he called “Project Freedom.” WASHINGTON/CAIRO:A fragile...
QatarEnergy extends force majeure on Edison LNG supply to early July

QatarEnergy extends force majeure on Edison LNG supply to early July

by AIP Online Bureau | May 5, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Based on the information received so far, Edison now expects a reduction in future deliveries from QatarEnergy of ​around one third of the annual contracted volumes, before taking ​into account any potential mitigation actions, the utility said. MILAN: QatarEnergy has...
Data standardisation key prerequisite for insures to effectively leverage AI:Accord study

Data standardisation key prerequisite for insures to effectively leverage AI:Accord study

by AIP Online Bureau | May 5, 2026 | International News, Life, Non-Life, Technology

While AI is accelerating the industry’s ambitions, digital maturity is what determines whether those ambitions translate into durable advantage Study shows a widening gap between digital leaders and laggards because of how effectively they convert digital...
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports

Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports

by AIP Online Bureau | May 5, 2026 | International News, Non-Life, Risk Management

Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re, where Shamieh has served as chairman since 2018. Before that, he ​held leadership positions at AIG Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh ​as successor to longtime insurance...
EV adoption gains momentum in April amid West Asia uncertainty, sector outlook cautious for May: FADA

EV adoption gains momentum in April amid West Asia uncertainty, sector outlook cautious for May: FADA

by AIP Online Bureau | May 5, 2026 | Data, Eco/Invest/Demography, Technology

The data showed that the transition towards EVs continued to deepen across categories. In the three-wheeler segment, EV penetration rose significantly, with EV share reaching 60.38 per cent. In passenger vehicles, EV share improved to 5.77 per cent, while in the...
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