The IMF also mentioned that it has "observed disruptions to trade...
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Middle East Conflict Risks:Global reinsurers shielded by robust capital and earnings
There will be sizable insured losses, and the conflict could have...
London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates
Gulf war risk premiums have risen fivefold in recent days compared...
American Airlines jet engine catches fire after landing in Denver, passengers evacuated
The engine fire is the latest in a series of high-profile aviation incidents that have raised questions about U.S. aviation safety, including the January 29 mid-air collision of an American Airlines regional jet and an Army helicopter that killed 67 people WASHINGTON:...
French publishers and authors sue Meta Platforms for copyright infringement
SNE, the trade association representing major French publishers including Hachette and Editis, along with authors’ association SGDL and writers’ union SNAC, filed a complaint this week in a Paris court dedicated to intellectual property, the group said at a press...
Growing role of insurance companies and retail investors in private credit making it vulnerable: BIS report
“The growing role of insurance companies and retail investors, as well as funds’ leverage and degree of portfolio concentration warrant monitoring, This is especially relevant in light of growing interlinkages between banks and private credit” The Bank for...
Zolve raises $251 million in its latest equity and debt financing round
The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the UK and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio Zolve raised $251 million in its latest equity and...
North Sea Collision: Total insured losses estimated between $100 million and $300 million, Focus shifts to environmental impact
Total insured losses out of the collision are estimated to range between $100 million and $300 million for all coverages, Canada-based global credit ratings agency Morningstar DBRS . Focus is now shifting to the environmental impact of the blaze. While the incident is...
French households, businesses face soaring costs for insurance due to climate change: Govt
The cost of climate disasters may double in the 30 years through 2050, reaching a cumulative €143 billion ($155 billion), the French government said in an adaptation plan. At a briefing in Paris, Ecology Minister Agnes Pannier-Runacher said climate change is a...
North Sea collision: 32 casualties brought ashore after ships collide catch fire in North Sea off eastern England
The tanker, believed to be the U.S.-flagged chemical and oil products carrier MV Stena Immaculate, was at anchor at the time after sailing from Greece, according to ship-tracking site VesselFinder. The cargo vessel, Portugal-flagged container ship Solong, was sailing...
Elon Musk’s X suffers massive outage, Indian users unable to access platform
During the downtime, X stopped working completely while the users were unable to post tweets or even open pages on the platform New Delhi: Elon Musk-run X went down on Monday in a massive global outage, including in India, as users were unable to access the...
Miller establishes new M&A and Strategic Solutions Team
The team will sit within Miller’s Professional & Financial Risks business and will be based in London advising its client base of private equity, hedge and sovereign wealth funds, corporates, law firms and corporate financiers on domestic and cross-border risks...
AXA XL Insurance appoints Sylvie Gleises as Regional Chief Executive Officer, Asia
Sylvie Gleises as Regional Chief Executive Officer designate), AXA XL Insurance,Asia Xavier Veyry, Regional CEO for APAC & Europe at AXA XL, commented: "Asia’s commercial insurance sector continues to grow at a rapid pace, now accounting for over 30% of global...