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MS Amlin launches new reinsurance partnership with Mitsui Sumitomo Insurance in Middle East
Under the terms of the partnership, MSI’s UAE branch will focus on...
Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events...
What’s in the EU’s 18th sanctions package against Russia?
Central to the package is a lower price cap on Russian oil – a move designed to shrink Moscow’s energy revenues without disrupting global markets by severing Russian supply entirely. Here are the details of the European Union’s 18th package of sanctions against Russia...
One in five women in WHO Southeast Asia region covered under health insurance study estimates
Researchers from Health Systems Transformation Platform and Population Council Consulting Private Limited, New Delhi, also found that one in four men in the region had health insurance coverage, with the highest prevalence seen in Indonesia at over 56 per cent and...
Air India cockpit recording suggests captain cut fuel to engines before crash, report
India's Aircraft Accident Investigation Bureau (AAIB), which is leading the investigation into the crash, said in a statement on Thursday that "certain sections of the international media are repeatedly attempting to draw conclusions through selective and unverified...
Global Cat insured losses at least $100 billion for 1H 2025: Aon
According to preliminary estimates, 1H economic losses in the U.S. alone reached at least $126 billion, surpassing 1994 ($115 billion) as the costliest 1H on record and significantly above the 1H average since 2000 ($41 billion). In contrast, economic losses in all...
Businesses expect a surge in conflicts and disputes as risk landscape worsens, Clyde & Co report
James Roberts, Partner, London, said: “Economic pressures are triggering disputes where once there may have been a more pragmatic renegotiation. Contractual tensions are particularly visible in sectors like professional services, construction, and technology, where...
July 1 reinsurance renewals confirm downward pricing pressure: Fitch
Pricing across most reinsurance lines continued to gradually fall, as it had at the January and April renewals, and rates for loss-free property programmes fell by 10%–15%. In contrast, US casualty pricing was broadly flat, and retrocession pricing and coverage...
Former Lloyd’s CEO John Neal to join AIG as President
John Neal, President-designate, AIG In this role, Neal will report to chairman & CEO, Peter Zaffino and lead AIG’s General Insurance organization, which includes the North America Commercial Insurance, International Commercial Insurance and Global Personal...
Rising AI-driven cyber attacks and geopolitical tensions shaping APAC cyber risk landscape, Aon study
"In 2025, global and regional geostrategic tensions remain a key driver of cyber risk for companies in APAC. This trend is likely to accelerate with nation-state-backed threat actors continuing to employ cyber campaigns to facilitate conflicts or instigate grey-zone...
Some airlines checking Boeing fuel switches after Air India crash
The precautionary moves by India, South Korea and some airlines in other countries came despite the planemaker and the U.S. Federal Aviation Administration telling airlines and regulators in recent days that the fuel switch locks on Boeing jets are safe.The locks have...
Boeing settles with Canadian man whose family died in 737 MAX crash
Boeing has settled more than 90% of the civil lawsuits related to the two accidents, involving two fatal 737 MAX crashes in 2018 and 2019 that together killed 346 people, paying out billions of dollars in compensation through lawsuits, a deferred prosecution agreement...