The parametric flood-risk product was designed by a team of...
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Singapore general insurance market’s gross written premiums rise 8.4% to S$6.09 billion in 2025
Despite the higher claim environment, the domestic segment...
Chaucer and Ceto launch Lloyd’s marine MGA, integrating real-time vessel data into underwriting
With the global fleet now averaging more than 22 years of service,...
MS Amlin appoints Nicola Harris to lead natural resources
In this role, Nicola will be responsible for leading the efforts of a team that supports a diverse range of clients throughout the entire energy chain. With a significant portfolio, the Natural Resources account includes upstream, midstream, and downstream, as well as...
Death toll from Texas floods reaches at least 43; dozens still missing
The administration has cut thousands of jobs from the National Weather Service's parent agency, the National Oceanic and Atmospheric Administration, leaving many weather offices understaffed, said former NOAA director Rick Spinrad. He said he did not know if those...
Drones clear Mount Everest’s trash-covered slopes
Climate change is only adding to the urgency to clean Everest. Snow and ice are melting, exposing decades-old garbage that can contaminate waterways fed by the runoff and that flow down to villages below Human waste, empty oxygen cylinders, kitchen leftovers and...
China pushes commercial insurers in bid to boost local biotechs
The 3.5 trillion yuan ($486 billion) fund — which covers medical expenses for roughly 95% of China’s 1.4 billion people — will also set up a catalog of innovative drugs that can be reimbursed by commercial insurers, according to the document. The list could lead to...
(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...