Thomas Blunck,Member of the Board of Management. The first half of...
Category:
International News
Latest
Willis urges smarter data centre insurance buying as capacity demand nears $15billion
"Buying more insurance is not always the same as being better...
Fitch warns AI market correction emerging as major global credit risk
“The extent to which capital markets and economies have become...
Thai watchdog sues Volvo cars unit
Next week Thailand’s Office of the Consumer Protection Board will send the first case, which is seeking 1.2 million baht ($36,750) in damages Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair...
Red Sea tensions rise as Houthis target Israeli ships
The move comes as the Iran war drags into a fourth month and hostilities flare across the region, threatening to derail a fragile truce and complicate negotiations toward a peace deal. The conflict has led to the near-closure of Hormuz, forcing key Middle Eastern...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
Fire reported on oil tanker with 24 Indian seafarers; all crew safe, says shipping ministry
The Madagascar-flagged MT Marivex reported a fire around 1.30 pm IST, Opesh Kumar Sharma, a director in India’s Ministry of Ports, Shipping and Waterways, said at a news briefing. New Delhi: A fire was reported aboard an oil tanker carrying 24 Indian seafarers off the...
Majority of aviation insurance professionals rank geopolitical instability as the sector’s biggest threat: IUAI survey
"The findings highlight a continued shift towards risks that are systemic, interconnected and often originate outside the aviation sector itself. Geopolitical instability, claims inflation, cyber threats and supply chain disruption all have the potential to create...
A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami
It was the strongest quake to strike the Philippines this year, and was was centered at sea off Mindanao, the second most populous island in the Philippines. According to Bacolcol, the quake occurred at a depth of 33 kilometers (20 miles), about 32 kilometers (20...
US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up
Iran’s Revolutionary Guards said they had attacked U.S. bases in Kuwait and Bahrain in retaliation for U.S. strikes and fired at four tankers trying to cross the strait without its permission. DUBAI/WASHINGTON: U.S. forces struck Iranian coastal radar sites on...
Anthropic calls for pause of global AI development
The company has faced pushback from others in the industry - and officials in the White House - who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Artificial intelligence...
New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges
Jonathan Powell, Managing Director, Guy Carpenter said,“Clients are facing urgent and complex capacity needs following the Middle East conflict. Guy Carpenter was pleased to place the TFP PVT Consortium to provide structured, dependable capacity at scale. This...
Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin
Researchers at the Lloyd’s insurer found so called “supershear” earthquakes accounted for 66% of insured losses from earthquakes since 2016 – equivalent to $13.2 billion - yet are absent from seismic hazard models, building design codes and insurance catastrophe...