Trump's comments came after Iranian state TV reported that it had...
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US launches new strikes as talks stall,Iran says strikes violate ceasefire
Marco Rubio,U.S. Secretary of State Following strikes against...
Private credit losses could hurt insurers more than banks, ECB warns
Private credit has been rattled in recent months by concerns about...
Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal
Still, threat levels for shipping remained high given the Houthis' confirmation that Israeli-related assets remained open to attack and the attendant risks to broader shipping, maritime officials said. Ships with no connection to Israel had been targeted in the past...
Trade War: Container liners sever US-China shipping routes across the Pacific
As a result, fees are plunging. The cost of shipping a 40-foot box from Shanghai to Los Angeles — port nodes on either side of the Pacific — hit the lowest since 2023 in late March, according to the data from Drewry Shipping Consultants, a maritime advisory firm. A...
Emirate royal family’s International Holding Co and Black Rock Inc float a $ 1 billion reinsurance co
The new firm will make use of AI as a core part of the strategy, enhancing underwriting capabilities by improving the quality and speed of risk assessments. International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s...
UK names China as dominant threat to its national cybersecurity
Richard Horne, chief of Britain’s National Cyber Security Center “China remains the pacing threat in the cyber realm,” Richard Horne, the chief of Britain’s National Cyber Security Center, said in a rare speech on Wednesday. “The continued activity that we’re seeing...
Patrick Tiernan appointed as Lloyd’s CEO
Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation. We will work at pace to...
Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment
Fed Chair Jerome Powell "Uncertainty about the economic outlook has increased further," the FOMC said at the end of a two-day meeting during which officials agreed unanimously to keep the central bank's benchmark interest rate steady in the 4.25%-4.50% range...
Markel launches Clinical Trials product to support clinical trials research globally
“Clinical trials insurance is a regulatory requirement in many countries and it’s often the last hurdle to get approval to begin clinical research,” says Robert Hannaford, Senior Underwriter – Life Science, Markel. “Delays to this process can result in sizeable costs,...
Chaucer launches affirmative AI liability cover
As AI adoption continues to surge, AI incidents have spurred over 150 lawsuits in the US in the last 5 years per researchers at George Washington University. AI regulations are proliferating and scrutiny intensifying, it's essential for AI adopters to protect...
M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report
“Criminal activity online – including, but not limited to, ransomware and data extortion – is rampant. Attacks like this are becoming more and more common. And all organizations, of all sizes, need to be prepared,” Jonathon Ellison and Ollie Whitehouse, respectively...
TikTok fined $600 million for sending EU data illegally to China
“TikTok did not address potential access by Chinese authorities to EEA personal data under Chinese anti-terrorism, counter-espionage and other laws identified by TikTok as materially diverging from EU standards,” said Graham Doyle, a deputy commissioner at the DPC...