``Potential pressures stemming from geopolitical events are among...
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SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance...
MS Amlin launches new reinsurance partnership with Mitsui Sumitomo Insurance in Middle East
Under the terms of the partnership, MSI’s UAE branch will focus on...
Swiss court admits Indonesian islanders climate case against Holcim
Holcim said it intends to appeal the decision and that the question of “who is allowed to emit how much CO2” should be a matter for lawmakers, not a civil court A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim,...
Hong Kong plans new crypto,infrastructure rules for insurers
The insurance regulator would impose a 100% risk charge on cryptoassets, according to a presentation on Dec. 4 seen by Bloomberg News. Stablecoin investments would attract risk charges based on the fiat currency the Hong Kong-regulated stablecoin is pegged to, the...
AI,cyber, and climate change will be key insurance themes in 2026, predicts GlobalData
Cyber and climate change/natural catastrophes are also key themes. Cyber insurance is continuing to see rapid growth, and this is forecast that to continue through 2030. GlobalData estimates the global cyber insurance market to be worth $22.2 billion in 2025 and $35.4...
Catastrophe bonds linked to wildfires lose ‘untouchable’ status
More than $5 billion of cat bonds with some level of exposure to wildfire risk were issued by insurers and sold to investors this year, according to Artemis, a specialist in insurance-linked securities that tracks market trends. That’s more than twice the level in...
US targets Iran oil network, names India-linked shipping firms
India-linked entities named include the Barbados-flagged vessel Flora Dolce, owned and managed by India-based Rukbat Marine Services Co, which has transported millions of barrels of Iranian fuel oil since April 2025.Another vessel, Ramya, operated and managed by...
Climate Risks: More than 450 people sue Japan govt seeking damages of 1,000 yen ($6) each
The case in Japan follows similar global lawsuits in which groups of individuals have attempted to hold governments or companies to account over climate action. At least 226 new climate cases were brought in 2024, according to a June report from the Grantham Research...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide clean electricity and heat crucial for meeting net zero goals, and is expected to make up a sizable share of Germany’s future heating needs. But the big upfront costs needed for drilling can often exceed...
UK specialist re/insurance broker BMS Group strikes strategic partnership with Berns Brett India
Subject to Regulatory approval, Berns Brett India will be rebranded BMS (India) Ltd. Nick Gillett, CEO of BMS International, commented,“BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in...
Total global insured losses in 2025 at $107 billion, 24% lower than $141 billion recorded in 2024
Balz Grollimund, Swiss Re's Head Catastrophe Perils, says: "We are observing a steady rise in losses from severe convective storms. Urbanisation in hazard-prone areas, rising asset values, higher construction costs and factors such as ageing roofs have made these...
Cyclone Ditwah causes nearly Rs 75 billion damage to Sri Lanka’s infrastructure
It was pointed out that some 316 roads and 40 bridges under the purview of the Road Development Authority have been damaged. Colombo: Sri Lanka's Road Development Authority has incurred a loss of nearly Rs 75 billion due to the destruction of roads and bridges caused...