An estimated 300 people have died in extreme flooding across parts...
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China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
Geopolitical tensions raise emerging market credit risks in 2026
``Potential pressures stemming from geopolitical events are among...
DIFC’s re/insurance gross premium rises 35% to $3.5bn in 2024
The insurance and reinsurance sector also experienced robust growth, with 135 related firms now operating in the ecosystem, increasing 8% from 125 in H1 2024. During the first half of 2025, it was announced that Gross written premiums reached USD 3.5bn for 2024,...
Global natural disasters cause overall losses of around $ 131bn,insured losses at $ 80bn in H1 2025, says Munich Re
Thomas Blunck, Member of the Board of Management After the record year of 2024, the current year is again on its way to ranking among the warmest since the beginning of systematic record-keeping. Based on NOAA data, the annual average global temperatures in the first...
Amazon faces two mass lawsuits from retailers and consumers worth up to $5.4 billion
Amazon argued that the Competition Appeal Tribunal should certify the cases to proceed, an early step in the proceedings, including because the economic methodology for proving the cases was flawed Amazon faces two mass lawsuits from retailers and consumers worth up...
Volante Global appoints Demian Smith as new Group CEO
Demian Smith,CEO, Volante Global Smith joins Volante Global from Guy Carpenter where he was Head of Mutual, Agency and Captive Solutions and Co-Head of Strategic Partnerships for the past five years. Prior to Guy Carpenter, Smith was CEO of StarStone Group. LONDON:...
AXA wins $908 million UK court ruling against Santander over protection insurance
AXA sued at London's High Court in 2021 over losses related to over 650,000 individual customer complaints about PPI policies, one of Britain's costliest retail financial scandals, with banks paying out around 40 billion pounds in compensation. LONDON: French insurer...
Russian plane with nearly 50 aboard crash, 48 killed
The plane, whose tail number showed it was built in 1976, was operated by a Siberia-based airline called Angara MOSCOW: Forty-eight people have died in a plane crash in Russia's Far East, the head of the country's Amur region said in a statement Thursday. The An-24...
UN’s top court says failing to protect planet from climate change could violate international law
The case is led by the Pacific island nation of Vanuatu and backed by more than 130 countries The court also said a "clean, healthy and sustainable environment" is a human right. Enshrining a sustainable environment as a human right paves the way for other legal...
Munich Re CFO Christoph Jurecka to become chairman from Jan 1,2026
Jurecka has been with the Group since 2011 and will succeed Joachim Wenning. In 2019, he had joined Munich Re’s Board of Management as Chief Financial Officer (CFO) Munich: Munich Re, the largest international reinsurer, on Wednesday has appointed Christoph Jurecka,...
Singapore says cyber espionage group targeting critical infrastructure
“UNC3886 poses a serious threat to us, and has the potential to undermine our national security,” Coordinating Minister for National Security K. Shanmugam said in a speech. Google-owned cybersecurity firm Mandiant has described UNC3886 as a “China-nexus espionage...
Evidence shows Jeju Air pilots shut off less-damaged engine before crash, source says
The source said the evidence, including the cockpit voice recorder, computer data and a physical engine switch found in the wreckage showed pilots shut off the left engine instead of the right engine when taking emergency steps after a bird strike just before it was...