“Most prominent is shipping in the Straits of Hormuz where trade...
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Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves came after a spokesperson for Tehran's Khatam al-Anbiya...
Drone strikes near Dubai airport deepen Gulf aviation chaos
The U.S.-Israel war against Iran has led to tens of thousands of...
U.S. advises Israel embassy staff to leave now as ME war risk looms
Australia on Wednesday "directed the departure of all dependents of Australian officials posted to Israel in response to the deteriorating security situation in the Middle East." India and several European countries with missions in Iran advised citizens to avoid...
Climate multilateralism a matter of survival for us: Maldives Minister Muaviyath Mohmed
"For Maldives, multilateralism is not an abstract ideal, but a matter of survival. It is a low-lying country, with more than 99 per cent of the territory comprising oceans. The sea levels could rise by a metre by the end of this century, which can have economic and...
Earthquake hits Bangladesh, tremors felt in Kolkata, adjacent Bengal districts
The epicentre of the quake was at a place named Nayabazar in Bangladesh, some 100 km from Kolkata.The USGS said the earthquake was located at latitude 22.451°N and longitude 89.139°E, at a depth of 9.8 kilometres.There was no immediate report of any loss of life or...
Bermudian reinsurer Partner Re ventures into India’s GIFT City
``PartnerRe’s GIFT City branch will provide support to Indian clients, enhancing responsiveness, regulatory alignment, and ease of doing business, offering locally the depth of PartnerRe’s global underwriting expertise and capital strength.With our experienced local...
Willis launches Global Digital Infrastructure Group to address full spectrum of data center risks
``This unique approach is already helping our clients stay ahead of the sector’s developments and risk trends. For data centers, this means tailored, client‑first solutions that protect physical assets, strengthen financial resilience, and support reliable operations...
Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...
Ecuador contracts first parametric insurance for 10k climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support
The two parametric products — for extreme rainfall and drought-risk — were designed by IDF member insurance organizations AXA Climate, Guy Carpenter México Intermediario de Reaseguro S.A de C.V and Blue Marble, in partnership with the MAGP and with local insurer...
AIA Australia deploys SCOR’s VClaims
Tracey Crowe, General Manager for Claims and Underwriting at AIA Australia, commented,“We are always looking for opportunities to deliver simpler, faster and more connected experiences and services to the members of our fund partners. There is no question that the...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is evolving at pace, and clients increasingly expect brokers to provide clear, quantitative insights. With CyberCube’s platform, we can enhance the sophistication of our analytics, improve the clarity of...
Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This acquisition marks an important milestone for Swiss Re Corporate Solutions. It allows us to expand our offering in this attractive segment by strengthening our global credit and surety platform with a...