Willie Walsh, Director General, IATA Airlines would resist any...
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DBS drops plans to form an insurance partnership in India and Taiwan, bids fail to match value expectations
DBS was working with Goldman Sachs Group Inc as it weighed forming...
1 June renewals: Rate moderation continues, with nuanced shifts across towers, reports Howden Re
The 1 June 2025 renewal reflects a market transitioning from...
Exec tells first UN council meeting that big tech can’t be trusted to guarantee AI safety
Jack Clark, co-founder of the AI company Anthropic warned of "potential threats to international peace, security and global stability" from two essential qualities of AI systems – their potential for misuse and their unpredictability "as well as the inherent fragility...
Morgan Stanley moves 200 technologists out of China on data law – Bloomberg News
The U.S. views the new counterespionage law as a potentially harmful to U.S. firms Morgan Stanley is shifting more than 200 technology developers out of China after the country tightened access to cache of data stored onshore, Bloomberg News reported on Tuesday,...
Ukraine cargo insurance policy suspended after Russia quits grain deal -Marsh
"It is currently on pause," said David Roe, head of UK cargo at Marsh, which acted as the facility's broker LONDON: A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United...
Above-average global natural catastrophe insured losses reach estimated $52 billion in H1 2023: Gallagher Re
For all perils, the US accounted for 76% of all global insured losses. Thunderstorms in Europe during June also brought a billion-dollar insurance bill to parts of Germany and France “Governments and private organizations are accelerating their investments to help...
WMO warns of risk of heart attacks, deaths as heatwave intensifies
The WMO has said the extreme weather looks likely to become the “new normal,” underlining the increasing urgency of cutting fossil fuel emissions. The call for action on global warming comes as some European Union nations push back against the pace of the energy...
Moscow halts grain deal in what UN says is a blow to people in need everywhere
Any resumption of shipments without Russia's blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage "The (key) question is whether Russia mines the area which would effectively cease any form of...
Global rules leave Crypto firms with no place to hide: G20 Watchdog
The European Union has already approved the world’s first comprehensive set of rules for cryptoasset markets, but the FSB’s ‘global baseline’ minimum standards are designed to accommodate jurisdictions that want to go further Globally agreed rules leave crypto firms...
Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal
Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
Insurers reviewing Black Sea ship cover after Russia suspension
“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
South Korea flood death toll rises to 40, Yoon blames botched responses
The incident fueled questions over South Korea’s efforts to prevent and respond to flood damage. Some drivers who use the road regularly blamed the government for failing to ban access to the underpass even though floods were widely forecast South Korean President...