The launch comes at a moment of acute market focus on SRCC risk....
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Nepal Floods Catastrophe:15 non-life insurers report losses of Rs25.87 billion
The scale of the claims is being driven primarily by engineering...
Fatal floods expose Threats to Hydropower in the Roof of the World
Costs of insuring projects may also increase as the recent flooding...
Some oil companies to avoid ships on Iran blacklist
Some of the tankers Iran listed are owned or chartered by Saudi Aramco and Abu Dhabi National Oil Co (ADNOC). The ships have been used for shuttling crude, refined products and liquefied natural gas (LNG) out of the Gulf for STS transfer off Fujairah in the UAE or...
Chinese hackers ramping up attacks after integrating DeepSeek
DeepSeek is the AI of choice for Chinese hackers because it’s relatively powerful with very low cyber guardrails,” said Charles Li, chief analyst at TeamT5. “Western models are highly sought-after but their guardrails are much more strict and require a lot more effort...
Japan’s Tokio Marine eyes insurer Suncorp as preferred takeover target, FT reports
Tokio Marine reviewed several takeover targets over the past months, including Insurance Australia Group (IAG) and Suncorp, as well as Canada’s Intact Financial Corp., the report said. Japanese insurer Tokio Marine has identified Australian insurer Suncorp as a...
‘Conflicts choking global trade arteries…’: UN Secretary General calls for protection of global shipping, restoration of navigational freedoms
In a post on X, United Nations Secretary-General Antonio Guterres said, "Conflicts in different regions are choking arteries of global trade & squeezing the global food system. Navigational rights & freedoms are vital for international peace & security...
US warns of expanded sanctions against Iran and its partners – as it happened
US President Donald Trump has vowed to hit Iran hard economically and Tehran has threatened to shut down all oil exports from the Gulf 'if the economic war continues'. Washington:The US announced a new economic sanctions plan targeting Iran and its trade partners....
Asia-Pacific reinsurers show resilience amid evolving market landscapes:AM Best
Asia’s renewal period in 2026 is buyer-friendly, with abundant capacity and falling rates enabling cedents to enhance protection and support growth, while retention levels largely remain stable. The expectation for 2027 is continued rate easing on non-loss-impacted...
Indian rescuers search for 22 people missing after Panama-flagged cargo ship sinks
The two Chinese seafarers said the vessel, called the Ocean Winner, had developed a list on Friday and sank within eight minutes, forcing the crew to abandon ship, Shyam Jagannathan, director general of India's Maritime Administration. The missing crew members...
Iran announces service fees for ‘authorised’ ships transiting Strait of Hormuz
"Fees will be charged for services including navigation, environmental, fueling under certain conditions, insurance, safety and other services we provide," Iran's National Security Commission Spokesperson Ebrahim Rezaei Iran on Sunday said that vessels from...
Two vessels with 22 Indians on board hijacked by pirates in Yemen, Somalia
"As reported by Recruitment and Placement Service Licence (RPSL) agency - S K S Krishi Marine Services (Opc) Private Limited, six armed pirates are presently onboard the vessel and have taken control of the vessel," a senior shipping ministry official said on Friday...
China’s insurance sector likely to see modest growth in 2026:Fitch
Government and regulatory initiatives continue to support demand for motor insurance and selected non-motor lines. Non-life insurers should maintain stable operating performance through disciplined underwriting, pricing improvements and cost controls, despite modest...