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AI becomes experts’ top concern, ahead of climate change:AXA Future Risks Report
Thomas Buberl, chief executive officer,AXA, said,``In a world where...
World Bank and Generali partner to advance insurance, resilience and investment solutions in emerging markets
LtoR: Andrea Sironi, chairman of Generali Group,Ajay Banga,...
Surging Iranian attacks on ships crossing the Hormuz, threatens recovery in Persian Gulf oil exports
Ministers of OPEC and non-OPEC Participating Countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels of over one-third of the commodity value, impeding efficient movement of crude oil and products. Iranian...
MS Amlin and European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
The expansion of the Ukraine Recovery and Reconstruction Guarantee Facility(URGF), with MS Amlin's increasing its participation – which has led to more than €500 million of reinsurance coverage for goods and vehicles across nearly 10,000 policies to date – from €110...
Elliot Richardson appointed Chief Commercial Officer, Howden
Howden, the global insurance intermediary group, today announces the appointment of Elliot Richardson as Chief Commercial Officer for the Group, with immediate effect. The appointment is central to Howden’s new commercial strategy, designed to make full use of the...
Global semiconductor majors see value of their properties and inventories rise 12% to $529bn in 2025: Atrium
Nick Leppard,Head of Property Direct & Facultative at Atrium, says: “Semiconductor companies have a huge amount of capital tied up in highly specialised facilities, so any damage to these facilities can result in dramatic financial losses.There have been several...
APAC medical cost growth projected to slow to 9.7% in 2027, Aon Report
The projected medical trend rate remains substantially above the forecast for APAC general inflation rate of 2.5%. After accounting for inflation, the net medical trend rate is expected to decline from 8.9% in 2026 to 7.2% in 2027. The decline in the regional trend...
4 dead from storm as Isaias brings threat of floods across the Southeast
The Atlantic hurricane season has been unusually quiet this year, and Isaias was the first hurricane to hit the eastern U.S. since 2024 PANAMA CITY BEACH, Fla: Isaias peeled off hotel and condominium rooftops and facades along the Florida Panhandle before charging...
Landslide, possible dam breach may have triggered Nepal flash flood,damages two hydropower projects damaged
The flood that struck Nepal around 4 am local time swept away houses and bridges in Gorkha district and damaged two hydropower infrastructure. At least 10 people remain missing, while nearly 50 people have been rescued, according to Nepali authorities. Kathmandu: A...
Companies experience sharp increase in business interruption losses, says Allianz
According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial...
Businesses boost risk management spend but resilience gap remains;Hiscox report
Kate Markham, Hiscox London Market CEO, said: “Our research highlights a growing resilience gap. While organisations are investing more in risk management, many still lack the structures, visibility and capabilities needed to understand how disruption spreads across...
GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact from...