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MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals...
Swiss bar’s owners face criminal negligence probe after fire
The fire, which may have been caused by sparklers igniting the...
US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares Elon Musk was sued on Tuesday by the U.S. Securities and...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
LA blaze damage likely to be largest wildfire insured loss in US history
Estimating insured losses is difficult given that fires are not fully contained. Nonetheless, significantly wide estimates for insured losses range between $10 billion and $30 billion, and economic losses between $150 billion to $275 billion, says Fitch The Los...
China discusses sale of TikTok US to Musk as one possible option
Under one scenario that’s been discussed by the Chinese government, Musk’s X — the former Twitter — would take control of TikTok US and run the businesses together, the people said. With more than 170 million users in the US, TikTok could bolster X’s efforts to...
Global electric vehicle sales up 25% in record 2024
Sales in China jumped 36.5 per cent to 1.3 million vehicles in December, and totalled 11 million for the whole of 2024. Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month...
Tsunami advisory issued after 6.9-magnitude quake strikes Japan
"The quake's epicentre was at a depth of 30 km in the Hyuganada Sea. Immediately following the quake, the agency issued a tsunami advisory for the coasts of Miyazaki and Kochi prefectures. Waves of 1 metre are being forecast. People in the vicinity are urged to stay...
Moody’s to acquire CAPE Analytics, adds AI-powered geospatial property risk intelligence to its insurance risk models
“By combining our CAT risk models with CAPE’s AI-powered property risk intelligence, we will provide our customers with the most advanced property risk analytics available in the industry, enhancing insights and decision-making across the insurance lifecycle,” said...
Miller continues Asia expansion, enters Korean market
Ron Whyte, Head of Asia at Miller, commented: “Today’s announcement further demonstrates Miller’s commitment to the Asian market, which remains a cornerstone of our ambitious international growth objectives London: Miller, an independent specialist (re)insurance...
WTW launches a new primary cyber insurance solution for businesses in Singapore and Hong Kong
While organisations in Asia race to adopt new technologies such as generative AI, a basic understanding is needed of the immediate, mid-term and long-term implications of these technologies for their cyber-resilience posture. Simply having a cyber insurance policy in...
Tougher US sanctions to curb Russian oil supply to China and India
Sanctions on Russian oil insurers will prompt Russia to price its crude below $60 a barrel so Moscow can continue to use Western insurance and tankers Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and...