Shipping traffic passing through the crucial waterway at the...
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President Trump and his team discusing Iran’s proposal to end war
The proposal sent by Iran outlines a framework to reopen the Strait...
Moody’s upgrades Peak Re’s rating to A3 with Stable Outlook
We are now even better positioned to act as a strategic partner,...
Governments, regulators increase scrutiny of DeepSeek
According to its own privacy policy, DeepSeek stores numerous pieces of personal data, such as requests to its AI program or uploaded files, on computers in China. Chinese AI startup DeepSeek, which said in January it had developed an AI model to rival ChatGPT at much...
Russia intensifying covert attacks on key infrastructure in Germany
As Germany positions itself as NATO’s main hub in Europe, it expects to be first targeted by Russia covertly via hybrid attacks — which use irregular or non-military tactics — on energy and defense infrastructure, according to the defense ministry document. Russia is...
Nestle recalls infant formula batches in 25 countries over toxin risk
Nestle, which makes products ranging from KitKat to Nescafe, said late on Monday that no illnesses had been confirmed in connection with the recalled products. Nestle said it was recalling some batches of its infant nutrition products, including SMA, BEBA and NAN...
Aon’s Eric Andersen to join as AIG’s President and CEO-Elect
During his time as President of Aon from 2020 through 2025, Andersen led global programs that achieved gains in operational efficiency, improved performance for clients and the firm, increased shareholder returns and grew market value from $35 billion to $85 billion....
MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals further expansion.Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse catastrophe risks....
Swiss bar’s owners face criminal negligence probe after fire
The fire, which may have been caused by sparklers igniting the club’s soundproofing insulation, killed at least 40 people and left 119 injured. The injured, many of them teenagers, were moved to hospitals in neighboring countries for intensive care and treatment as...
Investors face more geopolitical whiplash from Trump’s Venezuela gamble
President Donald Trump "The events are a reminder that geopolitical tensions continue to dominate the headlines and drive the markets.It is clear that the markets are having to cope with significantly more headline risk than they are accustomed to under the previous...
Trump’s Venezuela gambit tests investor appetite for geopolitical risk
“There should be broader geopolitical implications from this event, but in my view, the financial markets are not very efficient in pricing such risks accurately,” said Tai Hui, chief market strategist for Asia-Pacific at J.P. Morgan Asset Management Markets may have...
Global reinsurer capital reach a new high of $760 billion by September 30, 2025: AoN
Insurers were able to achieve significant decreases in pricing and improved terms at renewal.Competition was particularly fierce in the U.S. property catastrophe market, with preferred risks typically achieving strong double-digit rate reductions at 1/1.Property...
Greg Case gets extension as Aon CEO till Dec 2030
According to a filing with the U.S. Securities and Exchange Commission,Case’s annual base salary will increase to $1,750,000. DUBLIN: Aon plc, a leading global professional services firm, today announced its Board of Directors approved an extension of President and...