AM Best, an insurance-focused credit rating firm, says the roughly...
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BRICS moves to build reinsurance allince, places climate and disaster resilience high on agenda
Hitesh Joshi,CMD, GIC Re Russian President Putin proposed a new...
India to pursue Seafarers’ Emergency Support Network, confident of global backing: MEA
Sudhakar Dalela, Secretary (ER), Ministry of External Affairs The...
Favorable insurance market conditions continue despite increasing risk complexity, Aon Report
"The most pronounced impacts are in Marine Hull & War, Marine P&I, Aviation, and Terrorism & Political Violence, where insurers are exercising greater underwriting discipline, repricing risk and placing increased emphasis on policy terms and conditions....
Swiss Re strikes exclusive partnerships with India’s Bajaj General Insurance
Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: "Our partnerships with Bajaj General Insurance and GNP Seguros mark the beginning of a new era in how we serve clients in India and Mexico, two of the world's fastest-growing commercial insurance markets. Together,...
Yemen’s Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
The group said last month that it would begin attacking Saudi vessels in retaliation for a blockade on Yemeni ports. That added a new risk to global energy markets, with the Iran war already restricting flows through the Strait of Hormuz and Saudi Arabia relying on...
DHL cargo plane lands in Hanover after mid-air collision with object
German airports are on high alert after a series of unauthorized drone overflights at sites including military facilities, energy terminals, seaports and logistics companies. A DHL cargo aircraft hit an unknown object as it was climbing away from Leipzig/Halle airport...
Shipping through Hormuz declines as Red Sea traffic drops to lowest since June 1: S&P Global
The report, said, "Crossings through the Strait of Hormuz reached 15 on August 3, down from a revised figure of 19 a day earlier," based on data from S&P Global MINT and S&P Global Commodities at Sea. New Delhi: Shipping activity through the Strait of Hormuz...
Goldman Sachs, Talcott partner $1 billion Bermuda reinsurance sidecar for U.S. annuities
Under a quota share agreement, the sidecar will assume a portion of specific U.S. annuities originated by Talcott.Talcott will provide the sidecar with support services across actuarial, finance, compliance and risk functions. Talcott Financial Group and Goldman Sachs...
ADB expands credit insurance programme with 4 global insurers, to unlock $2.5 billion lending across Asia-Pacific
Four insurers are—Sompo Japan Insurance, Mitsui Sumitomo Insurance, HDI Global and SCOR Business Solutions—are joining the programme for the first time. Under the arrangement, participating insurers will cover a portion of losses arising if financial institutions fail...
Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt
The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea off the coast of Yemen on August 4, India's Foreign Ministry said, adding that it is coordinating with the Yemeni authorities over this incident. A projectile struck an Indian-flagged vessel near...
OpenAI finds evidence other AI agents escaped containment as it widens hacking probe
AI safety experts said the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control. OpenAI has discovered other instances in which autonomous...
Hackers hit Bitcoin’s safest hiding place in ongoing attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Hackers have found a software flaw in a brand of “cold” Bitcoin...