“Climate change is undeniably fueling more severe flooding in...
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Hong Kong’s $200 million fire claims manageable for China Taiping Insurance Grp, says Fitch
The incident will trigger multiple coverage types, including...
War insurance costs spike for ship owners as Black Sea threats grow, sources say
War insurance costs for some port calls have been quoted between...
Ransomware grows beyond traditional hotspots,hit emerging economies
William Altman, Head of Cyber Threat Intelligence Services, said: “Cyber insurance is poised to remain one of the most dynamic and strategically vital segments within the property and casualty sector. As the sector matures, future expansion will hinge on serving...
Thailand floods “paralyzed” flow of high tech components and car parts to neighboring Malaysia
The floods are the worst on record for southern Thailand, with the government estimating the damage at around 500 billion baht ($15.6 billion). Thailand said floods that have devastated much of the country’s south have “paralyzed” the flow of high tech components and...
AXA & Insurance Development Forum raise $340 million Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects across Latin America, Asia, and Africa. It aims to build a diversified portfolio of resilient infrastructure assets, including clean water and water management, waste management,...
Black Sea shipping insurance rates rise after Ukraine attacks tankers
War risk rates for a typical seven-day voyage period, which are set by individual underwriters and are based on the value of the ship, rose to 0.5% for calls to Ukrainian ports from 0.4% over a week ago, shipping and insurance sources said The cost of shipping...
Over 1,200 dead from floods in Indonesia, Sri Lanka, Thailand as rescue efforts intensify
The flooding and landslips killed at least 1,230 people, with 659 people confirmed dead in Indonesia, 390 in Sri Lanka and 181 in Thailand, authorities said Tuesday (December 2, 2025).In Indonesia, the hardest-hit nation, rescuers are struggling to access villages in...
Death toll hits 212 as Sri Lanka struggles with Cyclone Ditwah impact
In Indonesia, Malaysia and Thailand the death toll mounted to over 600 from floods and landslides caused by across the three countries, officials said on Sunday, as relief efforts for tens of thousands of displaced people continued over the weekend Sri Lanka's death...
Airbus issues major A320 recall, threatening global flight disruption
The advisory follows an unnerving incident on Oct. 30 involving a JetBlue plane flying from Cancun to Newark, New Jersey, that suffered a computer glitch, resulting in a sudden unexpected downward pitch without pilot input. Nobody was injured, and the jet diverted to...
AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to Neal, who had been set to join the company as president in December, after learning that the executive was being investigated at his former employer, Lloyd’s of London, the Wall Street Journal...
Sri Lanka shuts offices, schools as 56 killed due to floods and landslides
More than 25 people were killed Thursday in landslides in the central mountainous tea-growing regions of Badulla and Nuwara Eliya, which is about 300 kilometres east of the capital, Colombo. Another 21 people were missing and 14 were injured in the Badulla and Nuwara...
Africa Specialty Risks launches Syndicate 2454 in South Africa
Commenting on the launch of Syndicate 2454 in South Africa, Mikir Shah, chief executive officer, ASR said: “South Africa has always been and remains a key market for us, and this launch allows us to write risks directly in the market, ensuring we’re close to our...