“Lloyd’s is engaging constructively with the U.S. Development...
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Marsh and Aon in talks with US govt on a plan to help insure tankers navigating Strait of Hormuz
President Donald Trump said on Tuesday the US International...
Trump orders oil tanker insurance support, says Navy could escort ships in Gulf
President Donald Trump Shipping companies and insurers have begun...
Germany’s Munich Re to buy $2.6 billion Next Insurance
Ergo, the primary insurance business of reinsurer Munich Re, will become the sole owner of Next, which is focused on insuring U.S. small businesses FRANKFURT: Munich Re is buying the 71% of Next Insurance that it doesn't already own, strengthening its foothold in the...
Fed in no hurry to cut rates amid high uncertainty about Trump tariffs
Jerome Powell, head of the US Federal Reserve "Uncertainty around the outlook has increased," the Fed said in a new policy statement that accounts for the first weeks of the new Trump administration and the initial rollout of what White House officials say will...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
War risk premiums briefly eased to around 0.5% of the value of a ship after the January announcement from over 0.7% in December, before moving higher in February to 0.7% for some voyage rates. For some U.S. and UK linked ships, rates were quoted up to 2% in recent...
Yokahu launches first independent Parametric Exchange to transform disaster risk finance
The platform enables real-time risk assessment, pricing, and seamless capacity allocation, broadening the ability of parametric (re)insurance to play a vital role in climate resilience and disaster preparedness London: Yokahu, a leading innovator in parametric...
Aon’s president Eric Andersen made sr advisor to CEO Case
The role of president has been assumed by Case. Andersen joined Aon with the firm's acquisition of Minet in 1997 and has played a significant role over the last 28 years in advancing the firm's Aon United strategy, resulting in positive outcomes for clients,...
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track and potentially violent, should continue into this evening," the National Weather Service said At least 33 people were killed and dozens more injured Saturday when tornadoes and violent storms raked...
UK police charge Russian captain involved in U.S. tanker ship crash
The 59-year-old Vladimir Motin was captain of the Portuguese-flagged Solong that hit the Stena Immaculate tanker, carrying military jet fuel, at close to full speed on Monday. Initial concerns of an environmental disaster subsided as assessments showed the jet fuel...
StanChart raises 1 bn euro via first social bond, commits 50% for India
The 8-year bond will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs, StanChart said in a statement on Friday New Delhi: UK multinational Standard...
British PM Starmer scraps health body in search of savings and better care
Keir Starmer, Prime Minister, UK "I can't, in all honesty, explain to the British people why they should spend their money on two layers of bureaucracy," Prime Minister Keir Starmer Starmer said in a speech in the northern English city of Hull. He said the change...
Gold vaults $3,000 in rush for safety from market, political worry
"There will likely be increased flows into safe-haven assets like gold, especially as investors move away from equity growth stocks amid rising uncertainties and future concerns," said Dina Ting, Head of Global Index Portfolio Management at Franklin Templeton. The...