Additional premiums for vessels transiting high-risk waters are...
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Airports, hotel hit in overnight Iranian strikes in UAE, missiles and drones intercepted
"The Ministry stated that, since the beginning of the attack, 137...
West Asia Crisis:Oil, gas tankers avoid Strait of Hormuz as tensions intensify
Tracking data shows some tankers turning around, and at least one...
Global tech outage disrupts industries, highlights risks of interconnected world
A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems that grounded flights, forced some broadcasters off air and left customers without access to services such as healthcare or banking A worldwide tech outage crippled...
Microsoft resolves cloud outage that led US airlines to ground flights
Microsoft said its outage started at about 6 pm ET on Thursday, with a subset of its customers experiencing issues with multiple Azure services in the Central US region. Azure is a cloud computing platform that provides services for building, deploying, and managing...
Russian cybersecurity firm Kaspersky Labs to wind down US operations
Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which will eliminate...
FM Global unveils updated brand to reflect its growth and commitment to protecting client risk
“We believe that by uniting our businesses under the FM brand, we will streamline and strengthen our market position, which will allow us to provide an even better experience for our current clients and reach more organizations that share our belief that the majority...
World Bank eyes first ‘drought’ bond in next 12-18 months
“We would love to do something in the drought space, that is something we are working on,” said George Richardson, director of the capital markets and investment department at the World Bank Treasury told Reuters, adding this would be most likely focussed on Africa...
ASPEN launches data labs to drive business’ data and artificial intelligence agenda
Christian Dunleavy, Group Chief Underwriting Officer, said: "Technology, and increasingly the potential of AI, is vital to our strategy. Aspen Data Labs will be instrumental in enhancing our decision support systems to bring solutions that improve our operations and...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the Boston-based firm that carries her name, says the cumulative effect of past climate change is an 11% jump in insured losses related to hurricanes. Her firm’s projections to 2050 suggest that climate change...
Allianz eyes 51% of Singapore’s Income Insurance with $1.6 billion offer
Allianz said the deal will turn it into the fourth-largest composite insurer in Asia, adding a household name in Singapore that distributes a full range of life and non-life products. Chief Executive Officer Oliver Baete, who is expected to outline new financial...
Robust economies set to drive global insurance growth and profitability, says Swiss Re
Jérôme Haegeli, Group Chief Economist, Swiss Re Jérôme Haegeli, Swiss Re's Group Chief Economist says, "The insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside, which should drive more...
Be wary of scams as Amazon Prime Day kicks off, experts warn
In updated guidance published last week, the Better Business Bureau reminded consumers to watch out for lookalike websites, too-good-to-be-true social media ads, and unsolicited emails or calls during sales events this month.Consumers might need to be more vigilant...