Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is...
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Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai,...
Resilience is key to thriving in today’s volatile world: WEF CEO
According to the white paper, as volatility and compounding risks rise, leaders are learning first-hand that the ability to navigate and adapt continuously to complex macroeconomic and geopolitical dynamics is crucial for shaping resilient strategies Davos: As global...
Yemen’s Houthis to target only Israel-linked vessels following Gaza deal
Higher war risk insurance premiums, paid when vessels sail through the Red Sea, have meant additional costs of hundreds of thousands of dollars for a seven-day voyage for any ships still sailing through the area. Yemen's Houthis will limit their attacks on commercial...
New research by the Geneva Association analyses the effects of ‘slowbalisation’ on the insurance industry
Jad Ariss, Managing Director of the Geneva Association, said: “The tides of globalisation are shifting, with geo-economic fragmentation posing both challenges and opportunities for the insurance sector. Insurers must navigate rising volatility, restricted...
Trump signs executive order directing US withdrawal from the Paris climate agreement — again
US President Donald Trump Trump also signed a letter to the United Nations indicating his intention to withdraw from the 2015 agreement, which allows nations to provide targets to cut their own emissions of greenhouse gases from the burning of coal, oil and natural...
Billionaire wealth across the globe surged by $ 2 trillion in 2024 to $ 15 trillion
Wealth of billionaires in Asia increased by $ 299 billion in 2024, Oxfam said while predicting that there will be at least five trillionaires within a decade from now The billionaire's wealth grew in 2024 at an average of $ 5.7 billion a day, while the number of...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
Bayer faces billions in payouts for decades-old toxic mess
On Tuesday Bayer was hit with a $100 million verdict in the most recent case blaming it for students and faculty at a Seattle-area public school being sickened by exposure to polychlorinated biphenyls, or PCBs, contained in aging fluorescent-light fixtures.The company...
China’s population falls for third straight year, posing challenges for its government, economy
The figures announced by the government in Beijing follow trends worldwide, but especially in East Asia, where Japan, South Korea, Hong Kong and other nations have seen their birth rates plummet. China three years ago joined Japan and most of Eastern Europe among...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash
“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...