In partnership with Aon teams around the world, the GBC provides...
Category:
International News
Latest
Iran declares Hormuz closed to all vessels after US strikes
"Effective immediately, due to insecurity in the region, the Strait...
Commercial vessel attacked off Oman: 3 Indian crew missing
The US Central Command acknowledged the strike on the vessel saying...
Dark fleet expands amid Hormuz tensions
The increase in Gulf producers’ ships going dark to sneak through undetected by Iran is at the heart of the rise in flows, coinciding with a period where the US has been helping ships navigate through the waterway. The recent volumes add to signs that the oil market...
US-Iran strikes threaten peace talks
President Donald Trump said he retaliated against the Islamic Republic for shooting down an American Apache helicopter near the Strait of Hormuz. Tehran didn’t confirm shooting down the aircraft and said it was reconsidering whether to persist with negotiations in...
Maximum Information launches PsiClone ahead of North Atlantic hurricane season
“PsiClone is designed to help close that gap by connecting live forecast data directly to exposure monitoring and operational decision-making. The goal is to help insurers and stakeholders respond earlier and reduce the time to payout when it matters most,''Tom Philp,...
Iran, Israel hold fire temporarily
Tehran has continued to block most shipping through the Strait of Hormuz, which before the war carried a fifth of the world's crude oil and liquefied natural gas. Washington has imposed its own blockade of Iranian ports. DUBAI/JERUSALEM: Iran and Israel said on...
Thai watchdog sues Volvo cars unit
Next week Thailand’s Office of the Consumer Protection Board will send the first case, which is seeking 1.2 million baht ($36,750) in damages Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair...
Red Sea tensions rise as Houthis target Israeli ships
The move comes as the Iran war drags into a fourth month and hostilities flare across the region, threatening to derail a fragile truce and complicate negotiations toward a peace deal. The conflict has led to the near-closure of Hormuz, forcing key Middle Eastern...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
Fire reported on oil tanker with 24 Indian seafarers; all crew safe, says shipping ministry
The Madagascar-flagged MT Marivex reported a fire around 1.30 pm IST, Opesh Kumar Sharma, a director in India’s Ministry of Ports, Shipping and Waterways, said at a news briefing. New Delhi: A fire was reported aboard an oil tanker carrying 24 Indian seafarers off the...
Majority of aviation insurance professionals rank geopolitical instability as the sector’s biggest threat: IUAI survey
"The findings highlight a continued shift towards risks that are systemic, interconnected and often originate outside the aviation sector itself. Geopolitical instability, claims inflation, cyber threats and supply chain disruption all have the potential to create...
A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami
It was the strongest quake to strike the Philippines this year, and was was centered at sea off Mindanao, the second most populous island in the Philippines. According to Bacolcol, the quake occurred at a depth of 33 kilometers (20 miles), about 32 kilometers (20...