“Despite a decade of investments in data modernization running well...
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ASR announces agreement for strategic investment by Vitruvian Partners
Mikir Shah, Chief Executive Officer, Africa Specialty Risks said:...
June1 Renewals:Softening accelerates against a riskier world as economic returns compress, says Howden Re
The paradox of softening pricing in a demonstrably riskier world is...
Moody’s upgrades Peak Re’s rating to A3 with Stable Outlook
We are now even better positioned to act as a strategic partner, deploying our robust capacity to co-create tailored risk solutions and support our clients’ growth ambitions across the globe,” Victor Kuk, Peak Re's new CEO Hong Kong:Peak Reinsurance Company(Peak Re),...
EIP partners with Nexacore, launches end-to-end device protection to Southeast Asia
Southeast Asia is expected to remain a high-growth market for device protection and warranty solutions, as rising usage and demand for protection products drive momentum across the wider region. As a result, the Asia-Pacific electronic gadget insurance market is...
Iran war disrupts the circuit board supply chain, raises costs for tech firms
The disruption is a fresh blow to electronics manufacturers which are already grappling with soaring memory chip costs and highlights the broadening impact of the Iran war that has wreaked havoc on supply chains, plastics, and oil supplies. The conflict in the Middle...
Aon UK creates programme to support displaced professionals entering the workforce
People who have been displaced and have professional qualifications face unemployment rates up to three times the UK national average. The new programme, modelled on Aon’s award-winning UK Work Insights Programme, is delivered in collaboration with the Refugee...
US-Iran peace hopes fade as Trump scraps talks
Iranian President Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif by phone that Tehran would not enter "imposed negotiations" under threats or blockade, according to a statement from the Iranian government. He said the United States should first remove...
India,Middle East,and Africa see declining P&C rates in Q12026, says Marsh
Property rate declines were generally driven by stable capacity and high levels of competition.The Middle East and Africa saw rate declines ranging from 5% to 20%; India experienced decreases up to 45%, though typically lower.Casualty insurance rates decreased 7%,...
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platforms. Her lawyers have previously said the claim was worth up to 2.1 billion pounds ($2.8 billion). LONDON: Microsoft must...
PwC pays $166 million to settle HK Evergrande audit probe
PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...
Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal
Goldman agreed in 2020 to pay $2.9 billion in penalties and have a Malaysian unit admit criminal wrongdoing to settle 1MDB probes by the U.S. Justice Department and other authorities. Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for insurance-linked securities specifically targets data-center risk, according to Hilti. Euler plans to structure the vehicle as a so-called sidecar, meaning investors will take a quota share of an insurer’s risk....