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Iran sets Hormuz transit rules; Shipowners stay cautious
Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe,...
MS Amlin launches industry-first property treaty consortium, to boost capacity for global data centres
The Property Treaty Per Risk (PPR) Consortium,bringing together...
Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover
The verdict from a jury in San Francisco federal court came in a closely watched civil trial where Musk, the world's richest person, was accused of falsely claiming on social media that Twitter underreported how many fake and spam accounts, known as bots, were on its...
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull & liability as well as cargo. Coverage will be offered for war hull risk insurance, for war P&I insurance and war cargo insurance. NEW YORK:Chubb, the world's largest publicly traded property and...
West Asia Conflict:Trump indicates possible end to conflict,Oil price spike continues
US President Donald Trump ``We are getting very close to meeting our objectives as we consider winding down our great Military efforts. The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it, the United States does not," Trump...
RiverStone International launches Australian presence with company acquisition, leadership appointment and legacy transaction with Zurich
RiverStone International announced the appointment of Mark Fleiser as managing director of RiverStone International’s Australian operations LONDON/SYDNEY: RiverStone International today announced the establishment of an Australian operation, marked by the acquisition...
US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance options for a post-conflict transition period.The UK has been in talks with Lloyds of London — the world’s largest insurance market — about insurance products and prices for when that happens, according...
US sending Marines and amphibious assault ship to Middle East, officials say
Even if the conflict does stop soon, there will be no rapid recovery from the upheaval caused by airstrikes and Iran’s virtual closure of the Strait of Hormuz, the conduit for 20% of the world’s oil and liquefied natural gas The U.S. military is deploying a large...
Tariff refund lawsuits surge amid uncertainty about US plans
Nearly 1,000 new cases were filed in a US trade court since March 1, according to a Bloomberg News review of publicly available records. That’s roughly a third of the more than 3,000 tariff lawsuits brought over the past year. The number of companies suing for tariff...
Global trade growth likely to slow down to 1.9 pc this year amid West Asia crisis WTO
"Sustained increases in energy prices could increase risks for global trade, with potential spillovers for food security and cost pressures on consumers and businesses," WTO Director-General Ngozi Okonjo-Iweala said New Delhi:The global trade growth is expected to...
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses could even climb to about USD 320 billion in 2026. As exposure keeps building, the upward trend in insured losses is structural and it is critical to identify the risk drivers behind this to manage and...
Gulf banks face $307 billion deposit flight risk if war worsens, S&P says
An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in the Gulf, which have proved resilient since war broke out in the region last month.Banks insist they are continuing to serve clients, without interruption...