The new model, which includes more enhanced market data, crops,...
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Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The...
OAK Global launches dedicated retro Syndicate at Lloyd’s
The newly formed syndicate has received in principle approval to...
UN chief says it will be difficult to revive Black Sea grain deal
U.N. officials are working to try to revive the deal, which Russia quit a year after it was brokered by the United Nations and Turkey — complaining that its own food and fertilizer exports faced obstacles and that not enough Ukrainian grain was going to countries in...
Israel’s ship industry urges government to help with jump in war insurance
The finance ministry said subsidizing the cost of additional war risk premiums was not being considered as of now, adding it was examining “additional solutions that will provide an insurance defense for vessel owners,” without giving details Ships sailing for Israel...
As devastated Acapulco rebuilds, other Mexico resorts urged to heed its lessons
As Acapulco rebuilds after the deadly Category 5 hurricane, climate experts, architects, engineers and politicians recommended steps Mexico should take. These include tougher building standards, improving flood water management and enhancing storm detection to avoid...
Nepal earthquake kills at least 128, toll could rise, officials say
Officials feared the death toll in Friday's quake could rise as they had not been able to establish contact in the hilly area near the epicentre, some 500 km (300 miles) west of the capital Kathmandu, where tremors were also felt. The district has a population of...
Aon brings together UK and EMEA regions with Julie Page as CEO
“As we continue to go further, faster with our 3x3 Plan to accelerate our Aon United strategy, operating as one united region will simplify our organizational structure to be even more responsive to client need and create further opportunities for our colleagues,”...
Deadly explosion off Nigeria points to threat from aging oil ships around the world
More than half the current fleet of FPSOs are recycled oil tankers, according to Oslo-based Rystad Energy, which keeps data on the ships. Senior analyst Edvard Christoffersen said that without a major repair, most oil ships have hulls built to last about 25 years. But...
1.68 lakh people died in 4.61 lakh road accidents in 2022: Road Ministry report
The report titled 'Road accidents in India -- 2022' said this marks an 11.9 per cent year-on-year rise in accidents and a 9.4 per cent increase in fatalities. There was a 15.3 per cent surge in the number of people getting injured in 2022. New Delhi: A total of...
Sompo International appoints Chiew as Head of Crisis Management, Commercial P&C Insurance, APAC
Pei Ru Chiew, head,Crisis Management, Commercial P&C Insurance in Asia Pacific, Sompo International “As Sompo International continues to pursue its global objectives, a top priority includes deepening our relationships in APAC. We are seeing growing demand for...
Kaspersky cautions against malware StripedFly, says it affected over million people globally
''Threat actors' ability to adapt and evolve is a constant challenge, which is why it's so important for us as researchers to continue to dedicate our efforts to uncovering and disseminating sophisticated cyber threats and for customers not to forget about...
World’s ghost fleet in focus over US Russian price cap crackdown
One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...