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Geo-economic confrontation tops global risks for 2026: WEF Report
Anxiety over artificial intelligence outcomes rose substantially,...
Black Sea war insurance rates jump after tanker attacks, sources say
``Black Sea war rates were extremely volatile and were changing on...
SKorea’s new lithium battery rules on planes highlight growing risk for aviation
Korean authorities said the measures were in response to public anxiety about fires after an Air Busan plane was consumed in flames in January while waiting to take off. Investigators have not yet determined the cause of the fire, but a preliminary investigation...
P/C insurers to weather volatile natural Catastrophe Risks
The industry has ample capability to absorb individual large loss events but is more vulnerable if there is a confluence of events in a short term. This was evidenced during 2001-2002, which included the September 11, 2001 terrorist attacks, a few hurricane events,...
Threats, political repatriations and kidnap dominate global crisis management landscape, says Willis report
Will Miller, Head of Crisis Management, Asia Pacific at Willis said: “We continue to see clients impacted by a wide range of incident types across a broad geographical footprint, affecting both their people and physical assets. Although the increase in the number of...
Swiss Re appoints Kera McDonald as its Group Chief Underwriting Officer
Swiss Re's Group Chief Executive Officer Andreas Berger said: "Underwriting is at the core of everything we do, and the re-establishment of this function underscores our commitment to enhancing technical excellence across all businesses.'' Zurich: Swiss Re announced...
Google set to be charged with breaching EU rules
The European Commission has been investigating Google for potential breaches of the Digital Markets Act since March last year. One probe focuses on whether Google favors its vertical search engines such as Google Shopping, Google Flights and Google Hotels over rivals,...
Munich Re appoints Hanh Nguyen as its Head of Treaty P&C Underwriting for South-East Asia and India
Hanh Nguyen, Head of Treaty P&C Underwriting- designate, South-East Asia and India Hanh Nguyen said,`` Underwriting discipline will remain crucial for the markets. We strive to increase insurance penetration in the region by fostering risk mitigation measures,...
Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the power of Berkshire's insurance operations and investments,"Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster Warren Buffett's Berkshire Hathaway on Saturday posted its third straight...
Apple removes Data Protection Tool in UK amid privacy row
While the UK Home Office has refused to comment on the issue, The Washington Post' had quoted US sources as saying that Apple was likely to stop offering encrypted storage in the UK after the Home Office served the multinational company with a Technical Capability...
Climate Goals Still Make Business Sense, Rio Tinto CEO Says
Jakob Stausholm,Chief Executive Officer, Rio Tinto Group His comments come as firms from Walmart Inc. to the Coca-Cola Co. defer or abandon climate and environmental ambitions, arguing policy settings and slow advances in technology are making planned emissions cuts...
Delta Air Lines offer $30,000 to each passenger for Toronto disaster
Carriers in the past have made similar payments, such as $5,000 to help passengers replace possessions lost on US Airways’ “Miracle on the Hudson” flight in 2009 Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest...