Howden’s MEA businesses – including the UAE, Bahrain, Oman,...
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Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by...
Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at...
China asks insurers to hold sufficient capital and liquidity
Companies should establish a concentration risk information disclosure mechanism and disclose annual concentration risk management information on their websites before June 15 each year, the regulator said China’s National Financial Regulatory Administration on...
UK orders Apple to build a backdoor to give it access to global user data
The mandate orders Apple to provide access under the UK’s Investigatory Powers Act, a law that granted officials the authority to compel companies to remove encryption under what’s known as a “technical capability notice.” The law also makes it illegal for companies...
World may have already missed its chance to limit global warming to 1.5C:Study
In 2024, global temperatures reached 1.5C for the entire year, the first time it’s happened in recorded history. It was a stark departure from previous projections: The Intergovernmental Panel on Climate Change report published just a year earlier suggested that...
Oil executives call for cautious return to Red Sea navigation
“Everyone is watching each other to see who goes first,” Barbara Harrison, vice president of crude supply and trading at U.S. major Chevron, said at an oil conference in Houston. Oil executives called on for a return to navigation through the Red Sea en route to the...
China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities recognize the dearth of investment options in Asia’s largest economy, and the need for alternatives amid a property downturn and an economic slump. It would translate into a potential 200 billion yuan...
MS Amlin launches new credit and political risk offering in MENA, eyes India and Africa opportunities
“We see exciting opportunities in India, and on the African continent, which are both experiencing a significant influx of foreign investment. We believe this will create growing demand across a number of speciality lines, most notably credit and political risk.”...
Jan1 Renewals: Hannover Re’s Asia-Pacific premium growth remains modest
"Adequate prices and conditions continue to be indispensable for sustainable reinsurance protection. This is all the more true given that climate change and associated extreme weather events remain one of our greatest challenges. The wildfires around Los Angeles have...
ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and France, the European Union’s two largest economies, to scale back planned ESG regulations on concerns the requirements are preventing companies in the bloc from competing freely with their peers in the US...
Google ends diversity goals for its workforce in Trump era
Google’s move comes after US President Donald Trump made it clear that he wants to root out diversity, equity and inclusion from corporations and the federal workforce. He has asked government agencies to identify companies and other organizations that should be...
Aon names Terence Williams Head of Commercial Risk Solutions for Asia Pacific
He previously held several senior roles at Aon including CEO, South Africa, chief broking officer, Sub Sahara Africa, and head of casualty, UK Singapore: Aon plc, second largest international broker, today announced the appointment of Terence Williams as head of...