The backlash against devices that can see, hear and respond to the...
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Aon appoints Jane Drummond as global chief commercial officer
Jane Drummond, global chief commercial officer-designate Currently,...
South Korean pension fund seeks India government bond investment licence
Korea's National Pension Service, which has more than $1.3 trillion...
Warren Buffet’s son Howard succeeds him as chairman of Berkshire Hathaway
Howard G. Buffett, chiarman,Berkshire Hathaway Inc Warren E. Buffett has been named chairman emeritus of the company Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail...
“Totally unacceptable”: MEA raises alarm over security, navigation threat amid escalating tensions in Red Sea area
"We are deeply concerned about the escalation in the security situation in the Red Sea area... We have expressed our condemnation of the attacks on Saudi sovereign territory, including on civilians and economic assets. Such attacks vitiate regional security, impact or...
Ukraine may provide additional insurance cover for ships to revive seaborne food exports
“The main challenge remains ensuring the safety of maritime transport and the stability of export corridors. The introduction of ship-insurance mechanisms was discussed,” the UCAB lobby group said in a report issued after a meeting with Ukraine’s president and prime...
Financial fragmentation could amplify shocks across global insurance markets: Geneva Association report
Jad Ariss, managing director of the Geneva Association, said, "The global economy is entering a new phase in which geopolitical considerations are playing a greater role in shaping financial markets. For an industry built on international risk sharing and long-term...
Aon launches CyQu marketplace for better cyber risk management
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk...
Florida Hurricane could trigger $300bn insured losses: Swiss Re
Balz Grollimund, Head Catastrophe Perils at Swiss Re, said: "The Atlantic hurricane season has been relatively quiet so far this year, but it only takes one major storm making landfall in a highly exposed area to turn a quiet season into a costly one. One hundred...
BIS says global market AI momentum showing signs of vulnerability
“What we are most concerned on in this (AI) area is the rapid increase in debt and leverage,” head of economic analysis of BIS, Frank Smets, said. “And the fact that many of these financing deals are quite opaque. They’re often off balance sheet. They have sort of...
AI Data centers are on track to fuel ‘Explosive’ growth in Captive Insurance
AM Best, an insurance-focused credit rating firm, says the roughly 150 US captives it rates generated more than $8 billion in savings over the past five years. The ability to turn insurance from “a pure cost center into a potential profit center” is the corporate...
BRICS moves to build reinsurance allince, places climate and disaster resilience high on agenda
Hitesh Joshi,CMD, GIC Re Russian President Putin proposed a new insurance mechanism and a collaborative grain market initiative for BRICS nations. Iranian President Masoud Pezeshkian, called for the creation of a BRICS reinsurance company with initial capital of $10...
India to pursue Seafarers’ Emergency Support Network, confident of global backing: MEA
Sudhakar Dalela, Secretary (ER), Ministry of External Affairs The proposal assumes significance amid heightened geopolitical tensions and disruptions along key maritime routes and energy chokepoints, highlighting the need for greater international coordination to...