Zurich said the purchase will make it a top-three provider of life...
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Lockton Re launches Agentforce 360 Platform
Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce...
Aon announces first stablecoin insurance premium payment
Led by Aon's digital asset practice, this initiative builds on...
US sues Uber, alleges discrimination against disabled riders
“Uber’s discriminatory conduct has caused significant economic, emotional, and physical harm to individuals with disabilities,” and violates the Americans with Disabilities Act, the Justice Department said. The U.S. government on Thursday sued Uber Technologies,...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the Philippines are attracting insurer capacity, especially for projects backed by international funding and reputable contractors. SINGAPORE: After years of navigating tough market conditions, power companies are...
Disasters damage $12.7 Billion of African Infrastructure annually
“Climate change is expected to increase the impact of disasters on infrastructure by as much as 27%, resulting in average annual loss of $2.4 billion,” the report said, without giving a date. “Africa is one of the most vulnerable regions to climate-related disasters.”...
WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The rapid expansion of the P&C market is not only about scale, but also about greater capability and resilience. Insurers have become more efficient at pricing, managing and transforming risk,...
Air pollution is on the rise, says UN weather agency
“Air quality respects no boundaries. The smoke and the pollution that issues from the wildfires in this record-breaking season in the Iberian Peninsula has been detected over Western Europe already [and]…can travel basically throughout the rest of the European...
OAK Global launches dedicated retro Syndicate at Lloyd’s
The newly formed syndicate has received in principle approval to assume business incepting 1st January 2026, targeting approximately $75 million GWP in its first year London: OAK Global today announces that it will be launching a new strategic business unit, OAK...
Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines will gradually erode prices, while rising claims costs, notably from more frequent and severe catastrophe losses and persistent social inflation, will pressure underwriting margins, in our base case,...
Nestle plunged into crisis as CEO fired for hiding romance with staffer
The loss of two CEOs and a chairman in a year is of historic proportions for Nestle,” said Ingo Speich, head of corporate governance and sustainability at Deka, a top-30 Nestle investor. Nestle has fired its CEO Laurent Freixe after just one year in the job after an...