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Fragile truce tested as U.S. and Iran exchange fire in Strait of Hormuz”
The U.S. military said on Monday it destroyed six Iranian small...
QatarEnergy extends force majeure on Edison LNG supply to early July
Based on the information received so far, Edison now expects a...
Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events such as earthquakes occurring on rain‑soaked ground or typhoons following seismic activity can escalate losses, often complicating claims processes and creating friction between insurers and...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....
Liberty appoints Edrick Tang as senior underwriter, Fine art and specie, Asia Pacific
Fine art and specie is a key area of growth for Liberty, particularly in the Asian market, which is developing rapidly. There is a notable increased appetite from brokers and assureds, which Liberty is responding to by establishing a footprint in the region....
Adam Sullivan appointed CEO of Asia for Gallagher Specialty
Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today announced the appointment of Adam Sullivan as CEO of its specialty operations in Asia. The business supports clients across sectors including energy, marine, heavy industry, mining, property and financial...
Indian crew world’s most abandoned seafarers in 2025, union figures show
Seafarer abandonment is defined by the International Maritime Organisation (IMO), headquartered in London, under three criteria: failing to cover the cost of a seafarer’s repatriation; leaving a seafarer without necessary maintenance and support; unilaterally severing...
European Airlines halt West Asia flights on US-Iran tensions
The cancellations underscore how quickly geopolitical tensions can spill over into civil aviation. The disruption followed comments from President Donald Trump that the US has deployed naval assets to the Middle East, renewing concerns he may follow through on threats...
Japan shuts down world’s largest nuclear plant hours after restart
TEPCO, as the utility is known, said it was forced to stop the process for the No. 6 reactor at its Kashiwazaki Kariwa plant on Thursday due to an issue with an electrical part, according to a spokesperson. Tokyo:Tokyo Electric Power Co., Japan’s largest utility,...
Soft Market: Munich Re plans relocation of jobs to India Poland
In early January, it became known that the world's second-largest reinsurer plans to relocate jobs primarily to India and Poland as part of an efficiency program. There are no exact figures yet, its new CEO Christoph Christoph Jurecka said Munich Re is under pressure...
EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering with Octopus to bring real innovation to EV salary sacrifice, moving beyond traditional fleet pricing to offer insurance based on individual risk. By combining our deep insurance expertise with Octopus’s...
AIG and CVC strike $3.5B strategic partnership
The strategic partnership includes the establishment of large-scale separately managed accounts (“SMAs”) across CVC’s credit strategies, and the launch of CVC’s private equity secondaries evergreen platform with AIG as a cornerstone investor American International...