The MoU covers the cession of the underwriting risks under Japan...
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US-Iran strikes choke ship traffic through Strait of Hormuz
London marine insurers also reported seeing fewer inquiries for...
Aviva and AXIS launch new Lloyd’s consortium to power UK renewable energy growth
The partnership brings together two of the London Market’s leading...
Aon announces regional leadership appointments in EMEA and Latin America
"As we continue to accelerate our Aon United strategy to serve clients with distinction at a time of rising need, we are excited to announce new regional responsibilities for Kai-Frank, Tracy-Lee and Pedro to help advance how we deliver for clients in and across our...
War becomes the number one political violence risk for more than 50% of companies globally:Allianz
"The political violence landscape across Asia remains volatile, with civil unrest in countries such as Indonesia and Nepal, as well as domestic regional tensions including those between Pakistan and India, and Cambodia and Thailand. While some of these events have...
Iran eyes $10 billion from crypto-based Hormuz insurance scheme
“Cryptographically verifiable insurance policies will be provided for shipments passing through the Persian Gulf, the Strait of Hormuz, and the surrounding waterways, and payments will be settled in Bitcoin,” Fars reported, citing the website hormuzsafe.ir, which...
Iran war leaves global companies facing $25 billion losses
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States,...
Governments lead Asia’s $100 billion climate resilience push
Climate adaptation is slowly being seen as a potential target area for private investors rather than simply a government responsibility, particularly with expectations that projects and services aimed at bolstering resilience will post strong growth in coming decades....
Iran announces launch of new regulatory body to manage Strait of Hormuz
It was not immediately clear what the new body would do but earlier this month Iranian English-speaking broadcaster Press TV said it constituted a "system to exercise sovereignty over the Strait of Hormuz" and that ships passing through the strait were sent...
Aon expands Aon Claims Copilot globally, Strengthens Data and Analytics capabilities across commercial risk
Joe Peiser, CEO of Risk Capital at Aon "Aon Claims Copilot represents our continued commitment to deliver better information, advice and solutions to clients through technology,By integrating these capabilities into how we manage claims, we are equipping our...
Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
Rafal Modrzewski, CEO and co-founder of ICEYE The company's satellite constellations currently serve sectors ranging from defence and intelligence to insurance and emergency management. Demand for ICEYE's technology has surged amid rising global geopolitical tensions,...
Drone strike targets UAE’s Barakah nuke plant complex, triggers electrical generator fire
In an official public update released on X, Abu Dhabi's media office confirmed that emergency teams successfully managed the situation on the ground. The statement reassured the public that no injuries were reported and there was no impact on radiological safety...
W.H.O. declares Ebola outbreak in Congo, Uganda a global health emergency
The WHO said the outbreak, caused by the Bundibugyo virus, does not meet the criteria of a pandemic emergency but that countries sharing land borders with the DRC are at high risk for further spread.The outbreak is "extraordinary" as there are no approved Bundibugyo...