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Insurance rates in India, Middle East and Africa decline in Q42025: Marsh’s Global Insurance Market Index
Property rates in India experienced decreases between 15% to...
EU body’s advice on toxin limit in baby formula prompts more recalls
Cereulide, a toxin that can cause nausea and vomiting, has been...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...
Cyberwarfare: China bombards Taiwan’s critical systems with millions of daily intrusions
Taiwanese officials have linked the activity to five Chinese state-backed hacking units: BlackTech, Flax Typhoon, Mustang Panda, APT41, and UNC3886. These groups have repeatedly infiltrated sectors related to energy, health care, communications, and key high-tech...
Jeju Air crash victims could have all survived without concrete barrier, lawmaker says
The Boeing 737-800 coming from Bangkok belly-landed and overran the runway at Muan International Airport, killing almost everyone on board after it struck a concrete support for a localiser antenna. The only survivors were two flight attendants at the far rear of the...
Berkshire Hathaway raises new CEO’s salary to $25 million
Compensation for Greg Abel set by Mr. Buffett during that period, and included a $21 million salary in 2024, a $20 million salary in 2023, and a $16 million salary plus a $3 million bonus in 2022.Mr. Buffett awarded Vice Chairman Ajit Jain, who oversees Berkshire’s...
US seizes Russian-flagged oil tanker linked to Venezuela for violating sanctions
The only maritime energy transport allowed will be that consistent with American law and national security,” Stephen Miller, deputy White House chief of staff, said in a statement on social media The U.S. seized an empty Russian-flagged, Venezuela-linked oil tanker in...
Governments, regulators increase scrutiny of DeepSeek
According to its own privacy policy, DeepSeek stores numerous pieces of personal data, such as requests to its AI program or uploaded files, on computers in China. Chinese AI startup DeepSeek, which said in January it had developed an AI model to rival ChatGPT at much...
Russia intensifying covert attacks on key infrastructure in Germany
As Germany positions itself as NATO’s main hub in Europe, it expects to be first targeted by Russia covertly via hybrid attacks — which use irregular or non-military tactics — on energy and defense infrastructure, according to the defense ministry document. Russia is...
Nestle recalls infant formula batches in 25 countries over toxin risk
Nestle, which makes products ranging from KitKat to Nescafe, said late on Monday that no illnesses had been confirmed in connection with the recalled products. Nestle said it was recalling some batches of its infant nutrition products, including SMA, BEBA and NAN...
Aon’s Eric Andersen to join as AIG’s President and CEO-Elect
During his time as President of Aon from 2020 through 2025, Andersen led global programs that achieved gains in operational efficiency, improved performance for clients and the firm, increased shareholder returns and grew market value from $35 billion to $85 billion....
MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals further expansion.Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse catastrophe risks....