The report flagged several risks that could act as headwinds,...
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Energy Insurance:Globally downstream market saw gross losses of $6.8 billion in 2025
In Asia, the upstream market also remains decisively...
Aon appoints Jeff Alpaugh as its chief commercial officer, Risk Capital
“Demand for integrated Risk Capital capabilities continues to grow...
X hit by major global outage; thousands of users affected
On the mobile application, logged-in users found themselves unable to refresh their feeds, with the platform displaying an error message stating, "Cannot retrieve posts at this time. Please try again later." New Delhi:Microblogging platform X on Wednesday faced a...
Hormuz traffic plunges sharply, daily vessel crossings drop to 10 from 135 in Feb: S&P Global Energy
The slowdown has led to severe congestion, with around 850 oil tankers clustered in the region. Daily tanker transits have fallen to just two to three, compared to the usual 60. New Delhi:Daily vessel crossings through the critical Strait of Hormuz have plunged to...
Swiss reinsurer Echo Re opens branch in GIFT City
Fabian Pütz (PhD) Pütz, chief executive officer, commented, “The decision to operate in Gujarat International Finance Tec-City IFSC marks a significant step for Echo Re. It shows our great commitment to the Indian insurance market and provides a gateway to the wider...
Iran war should trigger faster exit from fossil fuel dependence, UN climate chief says
In the longer term, the European Commission says its climate change strategy to replace fossil fuels with locally-produced renewable and nuclear energy will secure energy security, and cut countries free from volatile fuel prices. The disruption to energy markets...
A backlash against data centres is spilling into French municipal election races
This mirrors trends across Europe and the United States, where a surge in data center construction has fueled a backlash and turned power use and Big Tech’s footprint into electoral issues on a local and national level. In the town of Le Bourget outside Paris, Sofiane...
Howden aligns global broking regions, forms EMEA broking region
Howden’s MEA businesses – including the UAE, Bahrain, Oman, Tanzania, South Africa, and its newly launched operation in the Kingdom of Saudi Arabia – will align with the Howden Europe business to create a single EMEA broking region led by Luigi Sturani, CEO...
Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by Apollo’s ibott® division and exclusively provides Uber with dedicated capacity to provide AV partners with comprehensive primary and excess liability coverage at preferred rates, reflecting their unique...
Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at the risk of not getting any if the strait remains closed, said the traders. Saudi Arabia is giving long-term oil customers the option of receiving their allocations for April via the Red Sea port of...
Top Africa insurer Sanlam flags ‘Massive’ risks from Iran war
The escalating tensions will hurt earnings of the firm with operations in 27 nations “very directly” as investor flight hits global equity markets and as rising fuel prices trigger inflationary pressure, which will result in higher borrowing costs.You impact consumers...
Warburg Pincus considers options for Asian insurer Oona
Warburg Pincus and Abhishek Bhatia, a former executive with billionaire Richard Li-backed FWD Group Holdings Ltd., set up Oona with a $350 million equity commitment in 2022. It has acquired two general insurance businesses in the region, Abda in Indonesia and MIIC in...