DBS was working with Goldman Sachs Group Inc as it weighed forming...
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1 June renewals: Rate moderation continues, with nuanced shifts across towers, reports Howden Re
The 1 June 2025 renewal reflects a market transitioning from...
Iranian man pleads guilty in US to 2019 Baltimore ransomware attack
Iranian-linked hackers have also targeted U.S. critical...
Mud and rock bury Swiss village after glacier collapse, one person missing
"We've lost our village," Matthias Bellwald, the mayor of Blatten told a press conference after the slide. "The village is under rubble. We will rebuild." GENEVA: A huge chunk of a glacier in the Swiss Alps broke off on Wednesday, causing a deluge of ice, mud and rock...
Tokio Marine Group sets up a new unit to support green biz
Tokio Marine GX (TMGX) will offer up to $500 million on any single risk and is committed to becoming a prominent lead underwriter, applying decades of knowledge to ensure profitable and sustainable capacity through the green transition London: Tokio Marine Holdings,...
Earth’s average temperature for 2025-29 likely to exceed 1.5 deg C limit: WMO
The report also said there is a 70 per cent chance that the average temperature for the entire five-year period will be more than 1.5 degrees higher than the 1850-1900 average. There is a 70 per cent chance that the average global temperature for the 2025-2029 period...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute $444.5 million to a fund for families of victims killed in the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019, according to the filing. Boeing also would...
Trade disruption and economic shocks push up political risk cover by 30% globally, says Howden report
Matthew Strong, Deputy CEO, Howden CAP and Head of Credit and Political Risk, commented: “ With demand for CPRI protection rising, now is the time for the market to step up even further. This will enhance global economic growth by increasing commitments and...
X services face longest outage due to data centre glitch
Elon Musk-led X started facing a glitch on May 22 due to data centre outage and remained down in several parts of the globe including in India on Saturday as well. New Delhi: Social media platform X services have remained down for the longest period ever with users...
Russia to defend its vessels in the Baltic Sea by all legal means
The comments come as Baltic nations grow increasingly concerned about the activity of vessels that haul Russian barrels overseas, a key revenue source for the government in Moscow. They’re worried these ships could cause security breaches, damage power and internet...
Aircraft lessor SMBC proceeds from Russian jet insurance settlements hit $1.4 billion
That brought SMBC’s total recoveries from claims following the sanctions over Moscow’s war in Ukraine to $1.41 billion. It was one of six lessors that ended an Irish lawsuit against their insurers last month following a series of settlements Dublin: Aircraft lessor...
Global loss of tropical and boreal forests surge to a record high in 2024
All of this is occurring after the hottest year on record, with Earth’s warming exceeding 1.5C over pre-industrial levels on an annual basis for the first time. The United Nations has warned that temperatures will continue to rise unless drastic action is taken to...
Japan’s 3 major casualty insurers plan to sell $9.5 billion of cross-held shares
Eliminating cross shareholdings is seen by many as a yardstick for measuring corporate governance reform at Japanese companies. Japan’s industry body for non-life insurers told its members in September to cut their cross-shareholdings in the aftermath of a...