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EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering...
AIG and CVC strike $3.5B strategic partnership
The strategic partnership includes the establishment of large-scale...
(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch
However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
GIC syndicate 1947 novates managing agency services to Asta
Ramaswamy Narayanan, CMD, GIC Re Ramaswamy Narayanan, GIC Re chairman and managing director, said: “We are pleased to commence this partnership with Asta as we consider they are best-placed to help deliver the group’s strategy through managing our fully-aligned...
Gulf shipping costs drop as Israel-Iran ceasefire holds
Shipping rates for supertankers, which can carry 2 million barrels of oil, jumped over the past week before the ceasefire - more than doubling to over $60,000 a day. Rates were quoted around $50,000 a day on Thursday, freight data showed. "Tanker rates … have been...
PwC’s AI chief says firm has cut prices as tech saves staff time
``Clients would hear us talking about using AI and say, We want our fair share of those efficiencies. We certainly, as appropriate, give our clients the pricing benefit of the efficiencies we’re achieving. Like it’s competitors, PwC helps clients integrate...
Vessels near Strait of Hormuz transmit unusual messages to prevent attacks
“The perception among shipowners is that due to the convoluted nature of shipping it’s hard to know or ascertain clearly a chain of ownership to nationalities which may be under higher threat in shipping, namely the UK, U.S. and Israel,” said Ami Daniel, chief...
Cyberattack disruption at London hospitals contributed to patient death
“We are deeply saddened to hear that last year’s criminal cyberattack has been identified as one of the contributing factors that led to this patient’s death,” said Synnovis Chief Executive Officer Mark Dollar in a statement A cyberattack that caused disruption at...
Howden ventures into the Saudi Arabia, to drive strategic growth opportunities
David Howden CBE, CEO, Howden said: “We have already built up a strong partnership with the Kingdom thanks to our role as part of the UK government’s Great Futures delegation, our work with Saudi EXIM bank and our sponsorship of the Jockey Club of Saudi Arabia”...
French investigators order Tesla to stop ‘deceptive business practices’
Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control office said the automaker had engaged in deceptive commercial practices over the fully autonomous driving capabilities of its cars, had issued sales contracts with no date, time or...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be at “critical risk” from the fallout of climate change unless owners do more to protect existing and planned assets, according to a report by Zurich Resilience Solutions, a unit of Zurich Insurance...
EV-carrying ship that caught fire in Pacific ocean has sunk
Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels, according to a report last month by insurance giant Allianz. .A ship...