“Despite a decade of investments in data modernization running well...
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ASR announces agreement for strategic investment by Vitruvian Partners
Mikir Shah, Chief Executive Officer, Africa Specialty Risks said:...
June1 Renewals:Softening accelerates against a riskier world as economic returns compress, says Howden Re
The paradox of softening pricing in a demonstrably riskier world is...
Lloyd’s to continue providing cover for vessels traveling through Strait of Hormuz
Shippers seeking insurance for tankers going through the strait “is pretty rare at the moment because people are focused on safety and security,” Lloyd’s chief executive officer Patrick Tiernan London:The Lloyd’s of London insurance market will continue to provide...
Countries propose safe corridor to free 20,000 seafarers stranded in Gulf
The proposal submitted by Bahrain, Japan, Panama, Singapore and the United Arab Emirates and backed on Wednesday by the United States called for "a framework such as a safe maritime corridor" At least seven merchant sailors have been killed due to the conflict,...
X hit by major global outage; thousands of users affected
On the mobile application, logged-in users found themselves unable to refresh their feeds, with the platform displaying an error message stating, "Cannot retrieve posts at this time. Please try again later." New Delhi:Microblogging platform X on Wednesday faced a...
Hormuz traffic plunges sharply, daily vessel crossings drop to 10 from 135 in Feb: S&P Global Energy
The slowdown has led to severe congestion, with around 850 oil tankers clustered in the region. Daily tanker transits have fallen to just two to three, compared to the usual 60. New Delhi:Daily vessel crossings through the critical Strait of Hormuz have plunged to...
Swiss reinsurer Echo Re opens branch in GIFT City
Fabian Pütz (PhD) Pütz, chief executive officer, commented, “The decision to operate in Gujarat International Finance Tec-City IFSC marks a significant step for Echo Re. It shows our great commitment to the Indian insurance market and provides a gateway to the wider...
Iran war should trigger faster exit from fossil fuel dependence, UN climate chief says
In the longer term, the European Commission says its climate change strategy to replace fossil fuels with locally-produced renewable and nuclear energy will secure energy security, and cut countries free from volatile fuel prices. The disruption to energy markets...
A backlash against data centres is spilling into French municipal election races
This mirrors trends across Europe and the United States, where a surge in data center construction has fueled a backlash and turned power use and Big Tech’s footprint into electoral issues on a local and national level. In the town of Le Bourget outside Paris, Sofiane...
Howden aligns global broking regions, forms EMEA broking region
Howden’s MEA businesses – including the UAE, Bahrain, Oman, Tanzania, South Africa, and its newly launched operation in the Kingdom of Saudi Arabia – will align with the Howden Europe business to create a single EMEA broking region led by Luigi Sturani, CEO...
Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by Apollo’s ibott® division and exclusively provides Uber with dedicated capacity to provide AV partners with comprehensive primary and excess liability coverage at preferred rates, reflecting their unique...
Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at the risk of not getting any if the strait remains closed, said the traders. Saudi Arabia is giving long-term oil customers the option of receiving their allocations for April via the Red Sea port of...