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Aon and Munich Re launch pandemic reinsurance solution protecting insurers in Indonesia and the Philippines
Hitesh Kotak, CEO, Asia, Munich Re, said: "Pandemic risk remains...
Binance’s $6.3 Billion Hack: How Crypto insurance works
When a crypto exchange suffers a hack, losses can be covered...
Iran Foreign Minister Aragchi offers seven-day plan to end conflict, open Hormuz and restart peace talks
Iran's foreign Minister Syed Abbas Aragchi "We have introduced a plan to the United States through the intermediators that if certain conditions are met, the Strait of Hormuz would be open on the end of the seventh day and talks would restart...it would be better, if...
Meta misled consumers in case over Cambridge Analytica scandal, jury says
The lawsuit accused the company of making statements that misled New Mexicans about how their personal information would be shared with third parties; how it handled hate speech and misinformation on the platform; and whether it gave some users preference in how it...
Interconnected Risks: AI and supply chains open new pathways to systemic stress, find Swiss Re and LSE
Ivan Gonzalez, chief executive officer of Corporate Solutions at Swiss Re, said: "A company may look diversified until you discover that its suppliers, technology providers and customers depend on the same infrastructure. One disruption can therefore affect more parts...
UN chief calls for AI pact to prevent rise of killer robots
Antonio Guterres,secretary general of the United Nations “We are witnessing an extraordinary transfer of power away from government to a handful of private corporations and individuals,” Antonio Guterres,secretary general of the United Nations, said as he appealed for...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client relationship by equipping our brokers with data-driven insights and greater efficiency. This gives them more time to deliver tailored insurance solutions that reduce our clients’ total cost of risk,...
Europe faces more than $500bn climate adaptation cost
The summer of 2026 laid bare how exposed the fastest-warming continent is to the fallout of rising temperatures, as wildfires, droughts and heat waves impacted commodities supplies, damaged crops and left a dent in productivity. In response, Europe is now broadening...
Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments
The appointments reflect Canopius' ambition to continue building market-leading specialty underwriting and claims capabilities across APAC. Singapore: Canopius Group, a leading global specialty and P&C (re)insurer, today announced the appointments of Richard...
Saudi oil export strategy hits new hurdle as Red Sea insurance costs soar
Quoted war risk premiums for Saudi-linked tankers calling at Yanbu have risen to around 3% of a vessel's value, four industry sources told Reuters. They were less than 1% in early July, before London's marine insurance market designated that stretch of water as...
India’s Girija Subramanian conferred IIS’s Vanguard Market Development Award for emerging markets
Girija Subramanian,member, Distribution, Insurance Regulatory & Development Authority of India `` Subramanian’s career reflects an extraordinary commitment to expanding the reach and relevance of insurance across India,” said Josh Landau, President of the...
British Columbia sues OpenAI in US court over Canada school shooting
The filing says it seeks to hold the company “accountable for designing a dangerous product, distributing it to every home with internet access, ignoring the warnings of their own safety team, refusing to notify authorities when they knew the shooter was planning gun...