The developments threatened to prolong and widen a war that has led...
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Rise of AI demands new approach to cyber underwriting:CyberCube
William Altman, Director of Cyber Threat Intelligence Services and...
Trump says US to start blockading the Strait of Hormuz immediately
President Donald Trump Trump made his remarks in a Truth Social...
Middle East Crisis:Global Marine re/insurers issue notices of cancellation(NOC) under standard 7-day war clauses
Additional premiums for vessels transiting high-risk waters are rising sharply and may continue to fluctuate in the short term.Cargo war risk remains available; however, rates are increasing and quotations are being reviewed on a voyage-by-voyage basis, particularly...
Airports, hotel hit in overnight Iranian strikes in UAE, missiles and drones intercepted
"The Ministry stated that, since the beginning of the attack, 137 Iranian ballistic missiles launched towards the UAE had been detected, of which 132 were destroyed, while five fell into the sea. A total of 209 Iranian drones were also detected; 195 were intercepted,...
West Asia Crisis:Oil, gas tankers avoid Strait of Hormuz as tensions intensify
Tracking data shows some tankers turning around, and at least one shipowner decided not to send its vessel into the strait as a result of the broadcast. Some vessels continue to pass through though — seven ships were seen exiting Hormuz while six were entering after...
US and Israel launch military attack against Iran, could last days
The attack pushes the Middle East into a renewed military confrontation and further dims hopes for a diplomatic solution to Tehran's long-running nuclear dispute with the West. U.S. and Isreal have launched military strikes against Iran on Saturday plunging the Middle...
U.S. advises Israel embassy staff to leave now as ME war risk looms
Australia on Wednesday "directed the departure of all dependents of Australian officials posted to Israel in response to the deteriorating security situation in the Middle East." India and several European countries with missions in Iran advised citizens to avoid...
Climate multilateralism a matter of survival for us: Maldives Minister Muaviyath Mohmed
"For Maldives, multilateralism is not an abstract ideal, but a matter of survival. It is a low-lying country, with more than 99 per cent of the territory comprising oceans. The sea levels could rise by a metre by the end of this century, which can have economic and...
Earthquake hits Bangladesh, tremors felt in Kolkata, adjacent Bengal districts
The epicentre of the quake was at a place named Nayabazar in Bangladesh, some 100 km from Kolkata.The USGS said the earthquake was located at latitude 22.451°N and longitude 89.139°E, at a depth of 9.8 kilometres.There was no immediate report of any loss of life or...
Bermudian reinsurer Partner Re ventures into India’s GIFT City
``PartnerRe’s GIFT City branch will provide support to Indian clients, enhancing responsiveness, regulatory alignment, and ease of doing business, offering locally the depth of PartnerRe’s global underwriting expertise and capital strength.With our experienced local...
Willis launches Global Digital Infrastructure Group to address full spectrum of data center risks
``This unique approach is already helping our clients stay ahead of the sector’s developments and risk trends. For data centers, this means tailored, client‑first solutions that protect physical assets, strengthen financial resilience, and support reliable operations...
Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...