The report flagged several risks that could act as headwinds,...
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Energy Insurance:Globally downstream market saw gross losses of $6.8 billion in 2025
In Asia, the upstream market also remains decisively...
Aon appoints Jeff Alpaugh as its chief commercial officer, Risk Capital
“Demand for integrated Risk Capital capabilities continues to grow...
Munich Re CFO Christoph Jurecka to become chairman from Jan 1,2026
Jurecka has been with the Group since 2011 and will succeed Joachim Wenning. In 2019, he had joined Munich Re’s Board of Management as Chief Financial Officer (CFO) Munich: Munich Re, the largest international reinsurer, on Wednesday has appointed Christoph Jurecka,...
Singapore says cyber espionage group targeting critical infrastructure
“UNC3886 poses a serious threat to us, and has the potential to undermine our national security,” Coordinating Minister for National Security K. Shanmugam said in a speech. Google-owned cybersecurity firm Mandiant has described UNC3886 as a “China-nexus espionage...
Evidence shows Jeju Air pilots shut off less-damaged engine before crash, source says
The source said the evidence, including the cockpit voice recorder, computer data and a physical engine switch found in the wreckage showed pilots shut off the left engine instead of the right engine when taking emergency steps after a bird strike just before it was...
What’s in the EU’s 18th sanctions package against Russia?
Central to the package is a lower price cap on Russian oil – a move designed to shrink Moscow’s energy revenues without disrupting global markets by severing Russian supply entirely. Here are the details of the European Union’s 18th package of sanctions against Russia...
One in five women in WHO Southeast Asia region covered under health insurance study estimates
Researchers from Health Systems Transformation Platform and Population Council Consulting Private Limited, New Delhi, also found that one in four men in the region had health insurance coverage, with the highest prevalence seen in Indonesia at over 56 per cent and...
Air India cockpit recording suggests captain cut fuel to engines before crash, report
India's Aircraft Accident Investigation Bureau (AAIB), which is leading the investigation into the crash, said in a statement on Thursday that "certain sections of the international media are repeatedly attempting to draw conclusions through selective and unverified...
Global Cat insured losses at least $100 billion for 1H 2025: Aon
According to preliminary estimates, 1H economic losses in the U.S. alone reached at least $126 billion, surpassing 1994 ($115 billion) as the costliest 1H on record and significantly above the 1H average since 2000 ($41 billion). In contrast, economic losses in all...
Businesses expect a surge in conflicts and disputes as risk landscape worsens, Clyde & Co report
James Roberts, Partner, London, said: “Economic pressures are triggering disputes where once there may have been a more pragmatic renegotiation. Contractual tensions are particularly visible in sectors like professional services, construction, and technology, where...
July 1 reinsurance renewals confirm downward pricing pressure: Fitch
Pricing across most reinsurance lines continued to gradually fall, as it had at the January and April renewals, and rates for loss-free property programmes fell by 10%–15%. In contrast, US casualty pricing was broadly flat, and retrocession pricing and coverage...
Former Lloyd’s CEO John Neal to join AIG as President
John Neal, President-designate, AIG In this role, Neal will report to chairman & CEO, Peter Zaffino and lead AIG’s General Insurance organization, which includes the North America Commercial Insurance, International Commercial Insurance and Global Personal...