Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe,...
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MS Amlin launches industry-first property treaty consortium, to boost capacity for global data centres
The Property Treaty Per Risk (PPR) Consortium,bringing together...
US and Iran closing in on memo to end war,sources say
U.S. President Donald Trump Reports of the possible agreement...
Insurance rates in India, Middle East and Africa decline in Q42025: Marsh’s Global Insurance Market Index
Property rates in India experienced decreases between 15% to 25%.Catastrophe-exposed and high-hazard sectors (chemical, food, waste, recycling) faced declines of up to 20% in India; insureds in other regions generally saw declines of 10% to 15%.Cyber insurance rates...
EU body’s advice on toxin limit in baby formula prompts more recalls
Cereulide, a toxin that can cause nausea and vomiting, has been detected in ingredients from a Chinese factory supplying major formula makers including Nestle, Danone and Lactalis.The contamination triggered infant formula recalls in dozens of countries and heightened...
UN nuclear watchdog discusses risks to Ukraine’s nuclear safety after relentless Russian strikes
Although nuclear power plants produce energy themselves, they rely on an uninterrupted supply of external power from electrical substations to ensure reactor cooling. In the event of a sudden loss of power, emergency diesel generators are available. But if those fail,...
Dutch regulator to probe Roblox over risks to minors
The regulator said it will assess whether Roblox is taking adequate measures to protect minors, referring to the EU’s Digital Services Act, which requires platforms to take appropriate and proportionate measures to ensure safety for minors using their services. The...
Trafigura wins $600 million nickel fraud lawsuit against businessman Gupta
Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent “Ponzi scheme” in which he and his companies agreed to provide high-quality 99.8% pure nickel but delivered low-value or even worthless materials instead. London:Trafigura won its London lawsuit...
Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, the...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the people said.It would be the first time Beijing has used special bonds to...
Geopolitical tensions raise emerging market credit risks in 2026
``Potential pressures stemming from geopolitical events are among the risks to our base-case expectation that the macro-credit environment for emerging markets this year will be net neutral relative to last year,'' observed Fitch. London: Geopolitical risks, including...
SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance to expand the capacity on Baobab’s “CyberSafe” offering, which provides companies with preventive and ongoing protection against cyber risks Paris:The SCOR Syndicate at Lloyd’s has extended the...
MS Amlin launches new reinsurance partnership with Mitsui Sumitomo Insurance in Middle East
Under the terms of the partnership, MSI’s UAE branch will focus on supporting its existing client portfolio as well as targeting new clients in the region. All risks written by MSI will be ceded to MS Amlin, who began writing Political Risk in the region in 2025,...