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Proposed Hormuz passage deal not feasible for shipping industry, sources say
Ships sailing through the strait need to pay an additional war risk...
Swiss Re profit beats estimates with cost cutting
Andreas Berger, Chief Executive Officer, Swiss Re Lower major...
OpenAI Models hacked another company’s systems by mistake
“We consider this to be an unprecedented cyber incident, involving state-of-the-art cyber capabilities, and are responding accordingly,” OpenAI said in the blog post. “We are sharing preliminary findings at this stage to help defenders understand what happened and to...
Lloyd’s finds former CEO John Neal breached compliance rules over undisclosed relationship
John Neal, former CEO Lloyd's of London An investigation found that Neal failed to disclose the relationship with the group’s former corporate affairs director Rebekah Clement even after concerns were raised by colleagues, according to a statement Wednesday....
Insurance woes amid US-Iran war stall airlines’ return to Dubai
International carriers’ operations to Dubai are growing but some key European airlines still aren’t making the trip because of government travel advisories for the region, according to Dubai Airports Chief Executive Officer Paul Griffiths. “They are having difficulty...
Houthis escalate pressure, Announce planned maritime blockade of Saudi Arabia
A disruption to supplies through the Red Sea, the route currently used by Saudi Arabia for bulk of its crude exports, would exacerbate the war’s impact on global oil trade. The Houthis, an Iran-backed Yemeni group, said they would impose a maritime blockade on Saudi...
Red Sea war insurance costs rise after Houthi blockade, sources say
Indicative war risk premiums rose to around 0.75% of the value of a ship, from around 0.3% on Friday before the Houthi announcement, according to the sources, who declined to be identified due to the sensitivity of the matter. LONDON: The insurance cost of...
Iran and US widen attacks, raising fears for Gulf shipping and water supplies
Oil prices briefly jumped above $90 a barrel after renewed disruption to shipping through the Strait of Hormuz, but later pared gains after Iran’s Foreign Ministry said mediators had recently presented proposals to Tehran, signaling that diplomatic contacts remain...
Aon expands Data Center Lifecycle Insurance Program to $5 billion
"Digital infrastructure has become one of the most important and capital-intensive asset classes in the global economy.As clients build larger and more complex data center portfolios, they need access to greater insurance capacity alongside solutions that strengthen...
Facebook, Instagram face outage as users report access issues
Some Facebook users received the message "Account Temporarily Unavailable. Your account is currently unavailable due to a site issue. We expect this to be resolved shortly. Please try again in a few minutes". New Delhi: Users of Meta-owned social media platforms...
Drones, AI and white paint: Europe races to protect infrastructure from heat
A 2025 report by leading central banks estimated that severe weather events, including heatwaves, droughts and floods, could cut euro zone GDP by as much as 4.7% by 2030. As Europe’s railways buckle under record heat, roads melt and power grids strain, countries are...
Passenger partly sucked out of Ryanair’s Boeing 737-800 plane after cabin window dislodges
Boeing has said it was assisting the investigation led by North Macedonia, over which the incident occurred. The U.S. National Transportation Safety Board and the European Union Aviation Safety Agency are involved in the probe.A Greek prosecutor has launched a probe...