Authorities have said Tuike Finland, a subsidiary of Alphabet’s...
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MS Amlin launches AI wordings tool ahead of January renewal season
Known internally as Wordy Bot, the tool analyses reinsurance...
Anthropic filing reveals concerns over data center pushback
Lionella Pezza, director of impact research at Domini Impact...
Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion
“Insurance is a distinctly complex industry, where the quality of risk decisions has an immense impact on business outcomes. Guidewire and hyperexponential are uniquely positioned to deliver industry-specific AI solutions that will transform commercial underwriting....
FM announces $855 million resilience credit to support investment in risk reduction
“For two years in a row, we’ve been able to provide an enhanced 10% resilience credit—a testament to the work our clients do every day to drive lasting protection.When our clients invest in loss prevention and achieve strong results, our mutual model allows us to...
Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC
Non-life premium growth across the region slowed to 5.1% from 7% in 2024, its lowest level since 2021, reflecting softer pricing in mature markets and portfolio rationalisation. Singapore: Asia-Pacific’s insurance industry continues to offer substantial growth...
S&P affirmsd its ‘A-‘ long-term issuer credit and financial strength ratings on India International Insurance Pte
``While India International plans to expand cautiously in cargo and property lines, we do not expect this to materially alter the premium mix or weaken its risk profile.In our view, rising geopolitical tensions and supply-chain disruptions will moderate India...
PHP vulnerabilities raises concerns of systemic event for cyber insurers
A significant gap between economic and insured losses is expected in this event, highlighting the importance of cyber insurance. In addition, insured losses may extend beyond cyber into directors and officers insurance as regulatory and governmental bodies in the...
Oil spill in Gulf:UAE shuts more beaches
Conflict in the region is also increasing the risk of oil spills and maritime pollution. Dubai: An oil spill from a damaged tanker off the coast of the United Arab Emirates has widened, satellite images showed, triggering more beach closures and raising environmental...
Borr Drilling rig sinks off Gabon, one person dead and four missing
“Preliminary information indicates that the rig experienced a punch-through event during preload activities, resulting in loss of stability and the subsequent sinking of the rig,” the offshore drilling contractor said. Borr Drilling’s Prospector 5 rig sank late on...
Japanese companies compensate users as cyberattacks buffet economy
Japanese Prime Minister Sanae Takaichi said the government planned to compile an emergency package of measures against cyberattacks by next week. Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet...
Transit systems move towards fully automated trains
The Washington and LA projects, which would take years to implement and still face financial and technical hurdles, come amid an already fierce debate over the safety risks and benefits of automated trains and whether the substantial upfront expense is worth the...
Data centers face downgrade risk amid local pushback, S&P says
Delays due to grid capacity constraints, environmental sustainability concerns and zoning shifts “could increase downward pressure on the creditworthiness of data center projects,” analysts including Chris Mooney wrote in a Oct. 23 report. Data centers face potential...