The agreement, reached with the United States notably absent, is...
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Tourist helicopter crashes into New York’s Hudson River, killing all six aboard
Video of the crash showed what appeared to be a large object...
Corporate credit tremors in aftershock of tariff-led stock rout
The move is fueling fears pension funds and other longer-term...
AGCS to boost Alternative Risk Transfer team
With a realigned risk appetite and underwriting strategy, ART will target growth opportunities in two major areas: first, captive solutions including captive fronting, and second in the area of structured solutions, which are multi-year, multi-line coverages,...
Activists aggravate art insurers’ climate headache
“At the moment it’s just climate change activists, who are mainly middle-class liberals and are not really intending to damage the work,” said Robert Read, head of art and private client at insurer Hiscox. “What we worry about is if it spreads to other protest groups...
Markel International merges professional and financial risks with an expanded cyber team
The decision to merge the two divisions is part of the wholesale business’ efforts to simplify the trading experience for its broking partners and make its product offerings to insureds as innovative, comprehensive, and relevant as possible, in a fast-moving and...
US bans Chinese telecom devices on data-security risk
These new rules are an important part of US government's ongoing actions to protect the American people from national security threats involving telecommunications Huawei Technologies Co. and ZTE Corp. were banned from selling electronics in the US by regulators who...
EU postpones talks on Russian oil price cap as divisions stick
The EU sanctions would bar access to insurance and services for any ship transporting Russian oil. The cap allows access to those services, but only if the crude is purchased below a certain level. The US proposed the price cap earlier this year as an alternative to...
Singapore’s gig workers to get work injury and pension coverage
Workers would gain coverage under the national pension system, which collects contributions from both workers and companies, and receive work injury insurance covering medical expenses, income loss, and lump sum compensation for permanent disability or death....
FTX collapse ensnares creditors big and small all over the world
Creditors entangled in the meltdown of FTX, which was once one of the biggest crypto exchanges in the world, include a Frankfurt-based financial institution. It remains unclear just how much money will be generated from the wind-down of FTX, and it’s possible that...
Hard property catastrophe reinsurance market to support 2023 margins: Fitch
Fitch forecasts broadly stable underlying profitability for the global reinsurance sector in 2023, and is maintaining its neutral fundamental sector outlook. Frankfurt/Chicago/London: Reinsurance rates for property catastrophe business should increase by well over 10%...
Global marine industry: Most expensive claims caused by fire and explosion incidents
;The combined value of the global merchant fleet increased 26% to $1.2trn in 2021 while the average value of container shipments has also been rising with more high-value goods such as electronics and pharmaceuticals "The risk of theft and damage to high-value cargos...
Australia’s extreme weather events to worsen as climate warms
In a dire report released Wednesday that will add to pressure on the government to take firmer action on climate change, the Commonwealth Scientific and Industrial Research Organisation and the Bureau of Meteorology said rising greenhouse gas levels are causing the...