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Europe faces more than $500bn climate adaptation cost
The summer of 2026 laid bare how exposed the fastest-warming...
Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments
The appointments reflect Canopius' ambition to continue building...
AI Data centers are on track to fuel ‘Explosive’ growth in Captive Insurance
AM Best, an insurance-focused credit rating firm, says the roughly 150 US captives it rates generated more than $8 billion in savings over the past five years. The ability to turn insurance from “a pure cost center into a potential profit center” is the corporate...
BRICS moves to build reinsurance allince, places climate and disaster resilience high on agenda
Hitesh Joshi,CMD, GIC Re Russian President Putin proposed a new insurance mechanism and a collaborative grain market initiative for BRICS nations. Iranian President Masoud Pezeshkian, called for the creation of a BRICS reinsurance company with initial capital of $10...
India to pursue Seafarers’ Emergency Support Network, confident of global backing: MEA
Sudhakar Dalela, Secretary (ER), Ministry of External Affairs The proposal assumes significance amid heightened geopolitical tensions and disruptions along key maritime routes and energy chokepoints, highlighting the need for greater international coordination to...
“I think that will happen”: OpenAI CEO Sam Altman hints at safety pact with other AI companies
Sam Altman,Chief Executive Officer,OpenAI Urgency has mounted following recent security breaches involving autonomous agent swarms compromising platforms like Hugging Face and covertly exchanging data across disused digital repositories. Compounding these pressures,...
Iran, Oman agree on new entry, exit routes for Strait of Hormuz: Report
The development comes amid heightened tensions in West Asia, with the strategic waterway remaining a key focus of regional and international attention.The Iranian and Omani sides reached an understanding on the new routes following consultations, with details set to...
“Exponential growth of AI a warning sign”: Anthropic CEO Dario Amodei continues push for AI safeguards
Dario Amodei,CEO,Anthropic Amodei then proposed a three-step plan for pacing the frontier and building AI at a balanced rate that aims to ensure its safety. These include; each frontier AI company committing to giving ongoing, employee-like access to a team of...
Saudi shuts key oil pipeline as Houthis control Red Sea coast
The 1,200-kilometre (745-mile) pipeline running across the Arabian Peninsula had helped Saudi Arabia to bypass a shipping logjam in the Strait of Hormuz, where tanker traffic has slowed to a trickle due to the war between the US and Iran. Saudi Arabia has shut down...
BRICS finance chiefs urge reform of global development financial institutions
"We continue to have serious concerns with the unilateral imposition of trade and finance-related actions, including the raising of tariffs and non-tariff measures, which distort trade and are inconsistent with World Trade Organisation rules," the finance chiefs'...
AI ‘Arms Race’ still poses global stability risk, BIS chief says
Pablo Hernandez de Cos, general manager, the Bank for International Settlements The dynamics of the current situation pose particular risks, he added, noting that AI investment is concentrating among only a few players, and capital spending outpaces cashflow at such...
Houthis advance along Yemeni coast, threaten Saudi oil exports in the Red Sea
Saudi Arabia, the world's largest oil exporter, has relied on the Red Sea route since the Iran conflict effectively closed Hormuz, through which a fifth of global oil used to flow. CAIRO/WASHINGTON/DUBAI: Iran-aligned Houthis seized control of Yemen's port city of...