Four insurers are—Sompo Japan Insurance, Mitsui Sumitomo Insurance,...
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Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt
The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea...
OpenAI finds evidence other AI agents escaped containment as it widens hacking probe
AI safety experts said the new disclosures paint a portrait of a...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO
Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over from Apr 20, is currently based in Singapore and handles markets like India, Korea, Hong Kong and Taiwan, for Swiss Re. Hong Kong:Victor Kuk, Swiss Re's Head of Client Markets for P&C reinsurance...
Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60 billion overseas, with some of that going to investment assets in the US, Tung said. “Now, we think about whether we should trim down a bit, even though the overall portfolio is still very small anyway.”...
Berkshire Hathaway to invest $1.8 Billion in Tokio Marine
The latest deal shows Berkshire is eager to win a slice of Japan’s thriving insurance business, an increasingly attractive market for foreign firms. KKR & Co., Apollo Global Management Inc. and other big international players have made moves to expand in the life...
Trump puts off threat for 5 days to bomb Iran power grid,Oil drops, Stocks recover
U.S. President Donald Trump On Saturday, Trump had warned that Iranian power plants would be destroyed if Tehran failed to “fully open” the Strait of Hormuz to all shipping within 48 hours. Trump set a deadline of around 7:44 p.m. EDT (2344 GMT) on Monday. U.S....
2 pilots killed as Air Canada Express plane hits ground vehicle at New York’s LaGuardia airport, multiple injuries reported
Early reports from emergency responders indicate multiple injuries, with some patients described as being in critical condition,Unverified footage on social media showed damage to the nose of the plane New York:The pilot and the co-pilot were killed as an Air Canada...
Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover
The verdict from a jury in San Francisco federal court came in a closely watched civil trial where Musk, the world's richest person, was accused of falsely claiming on social media that Twitter underreported how many fake and spam accounts, known as bots, were on its...
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull & liability as well as cargo. Coverage will be offered for war hull risk insurance, for war P&I insurance and war cargo insurance. NEW YORK:Chubb, the world's largest publicly traded property and...
West Asia Conflict:Trump indicates possible end to conflict,Oil price spike continues
US President Donald Trump ``We are getting very close to meeting our objectives as we consider winding down our great Military efforts. The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it, the United States does not," Trump...
RiverStone International launches Australian presence with company acquisition, leadership appointment and legacy transaction with Zurich
RiverStone International announced the appointment of Mark Fleiser as managing director of RiverStone International’s Australian operations LONDON/SYDNEY: RiverStone International today announced the establishment of an Australian operation, marked by the acquisition...
US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance options for a post-conflict transition period.The UK has been in talks with Lloyds of London — the world’s largest insurance market — about insurance products and prices for when that happens, according...