During 2025, the growth of Peak Re was primarily driven by the...
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Apr1 Renewals: Reinsurance buyers in APAC secure double‑digit rate reductions, says Aon
Global demand for reinsurance increased by approximately 10 percent...
PE firm JC Flowers picks up majority stake in Bobby Swarup’s Niyam Group
Niyam is a reinsurance platform based in GIFT City, connecting...
War risks insurers win bid to appeal UK ruling on jets lost in Russia
London’s High Court ruled in June that AerCap can recover just over $1 billion from its “war risks insurers,” though that was less than the roughly $2 billion it sought under a broader all-risks clause. London:Insurers, including Chubb, Fidelis and syndicates at...
Apr1 Renewals: property-catastrophe rates fall, acute stress across multiple specialty lines due to ME geopolitical turmoil, says Howden Re
Looking ahead, mid-year 2026 renewals are expected to face more complex conditions globally. Upward pricing pressure across marine, energy and political violence is anticipated as the full impact of the Hormuz crisis is absorbed, and reinsurers reassess aggregation,...
Ping An bets big on AI for business transformation
“The AI era successfully opened the window for reshaping services.The returns on investment are tangible, highly visible, and unequivocally compelling.” Ping An’s Chief Technology Officer Ray Wang said. Five years ago, almost no accident and health insurance claims at...
Giant oil tanker off Dubai hit by Iranian strike after Trump’s latest threats
The strike on the Kuwait-flagged Al-Salmi is the latest attack on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.S. and Israel attacked Iran on February 28. TEL AVIV/WASHINGTON: Iran attacked and set ablaze a...
West Asia Crisis:Hormuz remains under Iran’s firm control
Until this war, one long-held assumption around Hormuz was that Iran would never attempt to close the strait, for fear of risking its own exports, a vital economic lifeline. In fact, ship-tracking data suggest that Tehran’s oil has continued to flow — almost entirely...
Ship insurers juggle war risks for perilous Gulf route
To price war risk premiums, underwriters are considering numerous factors such as the type, flag and owner of the vessel, as well as its size, speed and cargo London: Iranian forces' threat to ships in the crucial Strait of Hormuz has driven up payments for the...
Trump extends deadline for striking Iranian energy plants to April 7
The war has massively disrupted shipping, sending crude oil prices up around 40%, seen liquefied natural gas prices spike, and prices for nitrogen-based fertilizers, critical to food production, rise around 50%. U.S. President Donald Trump said he would again extend...
US insurance program meant for Strait of Hormuz to begin soon:Scott Bessent
Scott Bessent,US Treasury Secretary Although the program was first unveiled March 3, there’s no evidence that any vessels benefiting from the initiative have passed through the strait, a chokepoint for roughly a fifth of global oil and gas flows. Treasury Secretary...
India among 5 nations granted passage through Strait of Hormuz by Tehran
“We have permitted certain countries that we consider friendly to pass through (Strait of Hormuz). We allowed China, Russia, India, Iraq, and Pakistan to transit,” Iranian Foreign Minister Seyed Abbas Araghchi said, according to Iranian State TV. Tehran/New Delhi:...
West Asia Conflict: Risks extend beyond marine into energy, political violence, aviation, trade credit says Howden
Demand for Political Violence and Terrorism cover has risen sharply, particularly among Western operated assets in the Gulf, with pricing multiples increasing and underwriting becoming more selective. Aviation, cyber and trade related lines are also seeing elevated...