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Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
Slumping EV prices force carmakers to repay leasing firms
Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2 trillion second-hand car market Carmakers have begun compensating leasing companies for the...
Lockbit cybercrime gang faces global takedown with indictments and arrests
LockBit ransomware group remains a key player in today's threat landscape, with 17 per cent of ransomware engagements in 2023, a new report said on Tuesday. An international law enforcement operation led by Britain's National Crime Agency and the FBI has arrested and...
More than half the world faces high measles risk, WHO says
"What we are worried about is this year, 2024, we've got these big gaps in our immunisation programmes and if we don't fill them really quickly with the vaccine, measles will just jump into that gap," the WHO's Natasha Crowcroft, a Senior Technical Adviser on Measles...
Yemen’s Houthis say ship attacked in Gulf of Aden may sink
“Shipping companies must weigh up the increased costs and journey times against the risk to their vessels, and, most importantly, the safety of the crew onboard,” insurance broker Gallagher Speciality Marine said in a report last week CAIRO/LONDON: Yemen’s Houthi...
New York City sues social media platforms over youth mental health crisis
Social media companies face mounting legal risks from claims that they use algorithms to get teenagers and adolescents addicted to their platforms. Meta was sued by the attorneys general of more than 30 states over similar claims in October. A month later, a judge in...
EU opens formal investigation into TikTok over possible online content breaches
The European Union's Digital Services Act (DSA), which applies to all online platforms since Feb. 17, requires in particular very large online platforms and search engines to do more to tackle illegal online content and risks to public security The European Union will...
Deepfakes surge ahead of general elections in S. Korea
As AI technology continues to evolve and proliferate, experts warn of the growing sophistication and speed of deepfake production, outpacing traditional verification processes employed by election authorities. It is hard for the authorities to combat deepfake...
February on course to break many global heat records
Zeke Hausfather,Berkeley Earth scientist, said the rise in recent weeks was on course for 2C of warming above pre-industrial levels, though this should be the brief, peak impact of El Nino if it follows the path of previous years and starts to cool down in the months...
Russia’s Aeroflot finalises insurance settlement for seven more planes
Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday. Planes leased by Russian...
South Africa’s President will sign health insurance bill into law for providing universal health coverage
South Africa’s President Cyril Ramaphosa The law aims to provide healthcare to millions of poorer citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule South...