The 270-metre-long vessel, with a draught of 12.5 metres, had left...
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BackBlue Ocean Finance Commitment surges beyond USD$3 trillion in assets under management
BNP Paribas, Eurazeo and Mirova are the latest financial...
India calls for transboundary cooperation to address extreme heat risks
PK Mishra, Principal Secretary to the Indian Prime Minister...
El Niño could have a significant impact on renewable energy production, WTW report
``Developers must carefully plan and factor the various worst-case scenarios into their risk model to ensure new projects are commercially viable going forward. There are also innovative insurance tools available such as parametric solutions that can provide revenue...
Musk’s X to pay legal bills of people ‘unfairly treated’ for posting on platform
"And we won't just sue, it will be extremely loud and we will go after the boards of directors of the companies too," Elon Musk said later in response to a post about nothing changing behavior in the U.S. faster than a threat of legal action Elon Musk has said his X...
Profits at Warren Buffett’s firm reach USD 36 billion as stocks surge and its insurance holdings perform well
Warren Buffet,chairman and CEO of Berkshire Hathaway Underwriting profits at Geico rebounded to USD 514 million as it raised premiums on its auto insurance customers by an average of 16 per cent and continued to cut back on its ubiquitous lizard ads while paying out...
Heat and wildfires put southern Europe’s vital tourism earnings at risk
US.-based climate technology startup Sensible Weather is developing insurance that would compensate people if extreme heat wrecks their holiday It's rolled out “weather guarantee” coverage to travel companies in the UK, France and the US, which pays travellers if...
Japan casualty insurers sink on concerns over suspected price fixing
The allegations first came to light in June, when the insurers were said to have tried to set premiums for railway operator Tokyu Corp. The Financial Services Agency ordered them to submit a report on the matter, amid questions over whether the suspected collusion was...
Romania bids to clear Danube logjam after Ukraine attack, insurers impacted
Ukraine will insure ships that import and exports goods through the Danube and is considering the possibility of providing cover for ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal...
UK govt attempts to bolster security of critical energy infrastructure
Energy and climate have risen up the political agenda following Russia’s invasion of Ukraine and the cost-of-living crisis, with critics warning that the UK has failed to invest sufficiently to enhance energy independence. The register also details risks such as...
New COVID variant EG.5.1 spreading quickly in UK: Report
"We continue to see a rise in COVID-19 cases in this week's report. We have also seen a small rise in hospital admission rates in most age groups, particularly among the elderly. Overall levels of admission still remain extremely low and we are not currently seeing a...
Swiss Re net income surges off low catastrophe-linked losses
In its key property and casualty business, Swiss Re booked $634 million in large natural catastrophe losses in the first half from the earthquake in Turkey and Syria, Cyclone Gabrielle, and flooding in New Zealand. All are events that occurred in the first quarter...
Big central banks hike again with end of tightening in sight
Upcoming decisions are on a knife-edge. Pausing too early could cause financial conditions to loosen too fast, re-igniting inflationary pressures. Stopping too late could trigger a credit crunch and a recession. So far, nine developed economies have raised rates by a...