More than half of the world’s largest maritime insurance clubs have...
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Middle East Crisis:Global Marine re/insurers issue notices of cancellation(NOC) under standard 7-day war clauses
Additional premiums for vessels transiting high-risk waters are...
Airports, hotel hit in overnight Iranian strikes in UAE, missiles and drones intercepted
"The Ministry stated that, since the beginning of the attack, 137...
Over 1,200 dead from floods in Indonesia, Sri Lanka, Thailand as rescue efforts intensify
The flooding and landslips killed at least 1,230 people, with 659 people confirmed dead in Indonesia, 390 in Sri Lanka and 181 in Thailand, authorities said Tuesday (December 2, 2025).In Indonesia, the hardest-hit nation, rescuers are struggling to access villages in...
Death toll hits 212 as Sri Lanka struggles with Cyclone Ditwah impact
In Indonesia, Malaysia and Thailand the death toll mounted to over 600 from floods and landslides caused by across the three countries, officials said on Sunday, as relief efforts for tens of thousands of displaced people continued over the weekend Sri Lanka's death...
Airbus issues major A320 recall, threatening global flight disruption
The advisory follows an unnerving incident on Oct. 30 involving a JetBlue plane flying from Cancun to Newark, New Jersey, that suffered a computer glitch, resulting in a sudden unexpected downward pitch without pilot input. Nobody was injured, and the jet diverted to...
AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to Neal, who had been set to join the company as president in December, after learning that the executive was being investigated at his former employer, Lloyd’s of London, the Wall Street Journal...
Sri Lanka shuts offices, schools as 56 killed due to floods and landslides
More than 25 people were killed Thursday in landslides in the central mountainous tea-growing regions of Badulla and Nuwara Eliya, which is about 300 kilometres east of the capital, Colombo. Another 21 people were missing and 14 were injured in the Badulla and Nuwara...
Africa Specialty Risks launches Syndicate 2454 in South Africa
Commenting on the launch of Syndicate 2454 in South Africa, Mikir Shah, chief executive officer, ASR said: “South Africa has always been and remains a key market for us, and this launch allows us to write risks directly in the market, ensuring we’re close to our...
Heavy rainfall unleashes deadly floods across Southeast Asia
Total number of confirmed dead in Vietnam is now 91.Flooding in southern Thailand has killed at least 13 people and swamped around 800,000 households and rubber- and palm oil-producing areas. In Peninsular Malaysia, more than 16,000 people have been displaced, while...
Tankers rate hit new high amid US sanctions
Figures from analytics firm Kpler suggest that close to 48 million barrels of Rosneft and Lukoil crude — mostly Urals and ESPO grades — are currently in transit or beginning to load. That includes roughly 50 tankers pointing toward China and India, but also others...
Jitters over AI spending set to grow as US tech giants flood bond market
Since September, public bond issuance by four of the major cloud computing and AI platform companies known as "hyperscalers" has hit nearly $90 billion, with Google owner Alphabet selling $25 billion in bonds, Meta $30 billion, Oracle $18 billion, and Amazon, the most...
UN climate deal increases money to countries hit by climate change, but no explicit fossil fuel plan
“I cannot pretend that COP30 has delivered everything that is needed. The gap between where we are and what science demands remains dangerously wide.”U.N. Secretary-General Antonio Guterres BELEM, Brazil: After two weeks of negotiations, this year’s United Nations...