Holcim said it intends to appeal the decision and that the question...
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Hong Kong plans new crypto,infrastructure rules for insurers
The insurance regulator would impose a 100% risk charge on...
AI,cyber, and climate change will be key insurance themes in 2026, predicts GlobalData
Cyber and climate change/natural catastrophes are also key themes....
Fitch revises global reinsurance sector outlook to ‘Neutral’
``Given the sector’s abundance of capital, we expect a moderately softer and more competitive market in 2025, barring significantly above-average loss activity in 2H24. However, underlying margins are likely to remain close to their 2023-2024 peak as reinsurers...
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "Economic development continues to be the main driver of the rise in insured losses resulting from floods, but also other perils, seen over many decades. However, with natural catastrophe risks rising and...
Italy makes it mandatory for companies to buy climate risk covers
Most Italian businesses — especially small and mid-sized ones — have no protection at all. The new law will require companies to buy coverage and insurers to write policies or face fines. The plan is backed by a €5 billion ($5.3 billion) reinsurance fund, set up by a...
ByteDance asks intern in AI breach case to pay $1.1 million damages
The case has drawn attention due to its focus on AI LLM training, a technology that has captured global interest amid rapid technological advances in so-called generative AI, used to produce text, images or other output from large bodies of data. China’s ByteDance is...
Slain UnitedHealth CEO puts new focus on CEO safety policy
No UnitedHealth executive receives benefits specifically related to personal security or protection, according to the firm’s 2024 and 2023 proxy statements. That’s in contrast to companies like Meta Platforms Inc. and Alphabet Inc., which have allocated millions of...
‘Digital gold’ Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
According to Vishal Sacheendran, Head of Regional Markets at Binance, the cryptocurrency market is experiencing a surge in optimism as governments and institutions worldwide begin to embrace blockchain technology, paving the way for broader adoption and investment in...
Global D&O trends in 2025: Developed economies to be hit by double-digit insolvencies in 2024, says Allianz
Western Europe leads the global count with 195 cases, a reflection of the region’s current economic instability, followed by Asia-Pacific (67 cases) and North America (66 cases). Rising bankruptcies typically lead to an increase in D&O claims, so this trend is a...
UnitedHealthcare CEO shot dead in Manhattan in targeted attack
Brian Thompson, 50, was shot around 6:45 a.m. ET (1145 GMT) outside the Hilton on Sixth Avenue, where the company's annual investor conference was about to take place. He was rushed to a nearby hospital, where he was pronounced dead. Police said the gunman remains at...
Zurich Resilience Solutions and GoImpact Capital Partners forge strategic alliance for APAC climate resilience
Initially targeting businesses in Hong Kong, Singapore, and Malaysia, the strategic alliance aims to address key climate risks such as extreme weather events, supply chain disruptions, and operational vulnerabilities HONG KONG SAR: Zurich Resilience Solutions (ZRS),...
StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
StanChart’s assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40% and 20%, respectively, in the 12 months ending September, its data shows. LONDON/HONG KONG: Standard Chartered (StanChart) will target $200 billion in new...