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Zurich completes Beazley acquisition, creates world’s largest specialty insurer
Following the completion of the acquisition, Kristof Terryn is...
Mid-air horror: Flydubai Pilot of a Tel Aviv bound jet with 170 passengers stabs his colleague and tries to crash the plane
Catastrophe was narrowly avoided after a passenger and members of...
‘Conflicts choking global trade arteries…’: UN Secretary General calls for protection of global shipping, restoration of navigational freedoms
In a post on X, United Nations Secretary-General Antonio Guterres said, "Conflicts in different regions are choking arteries of global trade & squeezing the global food system. Navigational rights & freedoms are vital for international peace & security...
US warns of expanded sanctions against Iran and its partners – as it happened
US President Donald Trump has vowed to hit Iran hard economically and Tehran has threatened to shut down all oil exports from the Gulf 'if the economic war continues'. Washington:The US announced a new economic sanctions plan targeting Iran and its trade partners....
Asia-Pacific reinsurers show resilience amid evolving market landscapes:AM Best
Asia’s renewal period in 2026 is buyer-friendly, with abundant capacity and falling rates enabling cedents to enhance protection and support growth, while retention levels largely remain stable. The expectation for 2027 is continued rate easing on non-loss-impacted...
Indian rescuers search for 22 people missing after Panama-flagged cargo ship sinks
The two Chinese seafarers said the vessel, called the Ocean Winner, had developed a list on Friday and sank within eight minutes, forcing the crew to abandon ship, Shyam Jagannathan, director general of India's Maritime Administration. The missing crew members...
Iran announces service fees for ‘authorised’ ships transiting Strait of Hormuz
"Fees will be charged for services including navigation, environmental, fueling under certain conditions, insurance, safety and other services we provide," Iran's National Security Commission Spokesperson Ebrahim Rezaei Iran on Sunday said that vessels from...
Two vessels with 22 Indians on board hijacked by pirates in Yemen, Somalia
"As reported by Recruitment and Placement Service Licence (RPSL) agency - S K S Krishi Marine Services (Opc) Private Limited, six armed pirates are presently onboard the vessel and have taken control of the vessel," a senior shipping ministry official said on Friday...
China’s insurance sector likely to see modest growth in 2026:Fitch
Government and regulatory initiatives continue to support demand for motor insurance and selected non-motor lines. Non-life insurers should maintain stable operating performance through disciplined underwriting, pricing improvements and cost controls, despite modest...
Hormuz traffic slows as uncertainty over waterway persists
Traffic slowed further at the other major Middle East waterway, the Bab el-Mandeb strait.A total of 27 commodity vessels passed through Bab el-Mandeb on Wednesday, down from 32 on Tuesday, Kpler data showed.Some vessels may be sailing through the waterways with...
Munich Re acquires US based cyber insurtech At-Bay for $575 million
The acquisition is a strategic move to strengthen Munich Re’s and HSB’s position as a leader in the cyber market by combining insurance with proactive risk mitigation and a state-of-the-art technology platform. It also positions the company for greater access to a...
Wall street leans on Insurance Pools for $16 billion Kuwait deal
Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co. opted for insurance-backed financing for the debt portion of the landmark deal. The decision points to the growing role of insurers as providers of long-dated capital for infrastructure assets, whose...