“Rising geopolitical tensions, a fracturing of global trust and the...
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US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk In a complaint filed in Washington, D.C. federal court,...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial...
Covid origins unclear but laboratory leak theory needs study: WHO
In a report released Thursday, WHO's expert group said key pieces of data are still missing to explain how the pandemic began. The scientists said the group would remain open to any and all scientific evidence that becomes available in the future to allow for...
Thailand becomes first Asian country to decriminalize cannabis
Under decriminalization, it is no longer a crime to grow and trade marijuana and hemp products, or use parts of the plant to treat illnesses. Cafes and restaurants can also serve cannabis-infused food and drinks -- but only if the products contain less than 0.2 per...
Yellen says insurance ban on tankers could lock in Russian Oil
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
Warming Africa threatens insurers’ quest for profit
Temperatures in southern Africa rose at twice the global rate on average in the five years leading up to 2019, according to a report by the Intergovernmental Panel on Climate Change Yet insurers are undeterred, with some looking to expand even in vulnerable...
Howden Group acquires TigerRisk, creates a new $30bn force in global insurance broking
David Howden, CEO, Howden Group The partnership represents approaching $400m of combined reinsurance revenues David Howden, CEO, Howden Group said: “ Not only does the combination create an unrivalled digitally driven reinsurance and capital markets business...
Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...
AXIS Re to exit property reinsurance business, Ann Haugh will replace Arora as new CEO
“The decision to close our Property Reinsurance business was not taken lightly and was driven by the significant and increasing effects of climate change and the challenges faced by the catastrophe reinsurance market. We are committed to doing all we can to help...
Gallagher Re continues to strengthen APAC region with senior hires
Mark Morley, Managing Director of Asia Pacific at Gallagher Re, said, “ These latest senior appointments build out our strategic analytical, actuarial and client engagement capabilities across the wider Asia Pacific region, which continues to be a significant growth...
Australian court asks Google to pay politician over defamatory YouTube videos
By continuing to publish the content, Google breached its own policies of protecting public figures from being unfairly targeted and "drove lawmaker John Barilaro prematurely from his chosen service in public life and traumatised him significantly," judge, Steve Rares...
49 killed in fire at Bangladesh chemical container depot
“The fire was caused by chemicals including hydrogen peroxide, making the situation difficult,” fire service chief Brigadier General Mohammad Mainuddin told reporters at the scene where the firefighters were trying to extinguish the blaze amid intermittent explosions...