“In line with the ceasefire in Lebanon, the passage for all...
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Global Cat Report:Q1 of 2026 records $37 bn of economic losses and $20 billion of insured losses
The report highlights Q1 economic losses of at least $37 billion...
Beazley launches a new Marine War consortium,to provide $1 billion of Lloyd’s capacity
Adrian Cox, CEO at Beazley, said,“I’m proud that the Marine market,...
Tariff refund lawsuits surge amid uncertainty about US plans
Nearly 1,000 new cases were filed in a US trade court since March 1, according to a Bloomberg News review of publicly available records. That’s roughly a third of the more than 3,000 tariff lawsuits brought over the past year. The number of companies suing for tariff...
Global trade growth likely to slow down to 1.9 pc this year amid West Asia crisis WTO
"Sustained increases in energy prices could increase risks for global trade, with potential spillovers for food security and cost pressures on consumers and businesses," WTO Director-General Ngozi Okonjo-Iweala said New Delhi:The global trade growth is expected to...
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses could even climb to about USD 320 billion in 2026. As exposure keeps building, the upward trend in insured losses is structural and it is critical to identify the risk drivers behind this to manage and...
Gulf banks face $307 billion deposit flight risk if war worsens, S&P says
An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in the Gulf, which have proved resilient since war broke out in the region last month.Banks insist they are continuing to serve clients, without interruption...
EU sanctions Chinese and Iranian companies for cyberattacks
The EU listed China-based Integrity Technology Group and Anxun Information Technology, and Iranian company Emennet Pasargad The European Union on Monday imposed sanctions against two China-based and one Iranian company for cyberattacks against EU member states. The EU...
Iran attacks energy sites, defying Trump calls for restraint
Qatar’s Ras Laffan Industrial City — home to the world’s largest export plant for liquefied natural gas — suffered “extensive damage” after an Iranian missile strike sparked a fire. The United Arab Emirates shut a major gas facility due to falling debris from...
EU moves to ban AI that creates nonconsensual sexual images
While Europe has a number of rules that make it illegal to produce and share sexual material without the subject’s consent, this amendment is the first to specifically target AI platforms. Lawmakers opted to target AI technology besides its users, due to swift...
West Asia Crisis: Higher underwriting uncertainty in global terrorism and political violence insurance markets
For insurers and reinsurers, the key issue is not only the probability of attacks but also how losses may accumulate across multiple insurance lines. Terrorism and political violence incidents can trigger claims simultaneously in property, marine, aviation, and...
Lloyd’s to continue providing cover for vessels traveling through Strait of Hormuz
Shippers seeking insurance for tankers going through the strait “is pretty rare at the moment because people are focused on safety and security,” Lloyd’s chief executive officer Patrick Tiernan London:The Lloyd’s of London insurance market will continue to provide...
Countries propose safe corridor to free 20,000 seafarers stranded in Gulf
The proposal submitted by Bahrain, Japan, Panama, Singapore and the United Arab Emirates and backed on Wednesday by the United States called for "a framework such as a safe maritime corridor" At least seven merchant sailors have been killed due to the conflict,...