According to the report, which quoted US officials, the US...
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Interconnected Risks: AI and supply chains open new pathways to systemic stress, find Swiss Re and LSE
Ivan Gonzalez, chief executive officer of Corporate Solutions at...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client...
Strait of Hormuz would not be reopened until Iran’s conditions fulfilled: Parliament Speaker Ghalibaf
"And until these conditions are fulfilled, the legitimate rights of the Iranian people are recognised, and the commitments of the Americans are implemented, there will be no opening for returning to the previous conditions of negotiation and the opening of the Strait...
Power Assets: AI and data centre growth drive insurance demand across Asia
Lyo Foo, Head of Power, Natural Resources Asia, at Willis said, “AI and data centre growth are making reliable power a strategic asset across Asia. As large, concentrated loads expand, risk can no longer be assessed in silos: generation, grids, cooling, water,cyber,...
Hong Kong sets out initiatives to secure long-term development of pillar industries
"We will consolidate and enhance Hong Kong's status as an international financial centre, and stay committed to our global positioning," Hong Kong's Chief Executive John Lee said Hong Kong: Hong Kong's Chief Executive John Lee rolled out various measures to develop...
Majority of digital infra stakeholders faced material disruption in 5 yrs: Economist Enterprise–FM report
“As organisations scale, the challenge is not simply managing individual risks, but understanding how cyber, energy, climate and supply-chain disruptions can interact across increasingly interconnected systems. Resilience needs to keep pace with growth and inform...
Warren Buffet’s son Howard succeeds him as chairman of Berkshire Hathaway
Howard G. Buffett, chiarman,Berkshire Hathaway Inc Warren E. Buffett has been named chairman emeritus of the company Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail...
Power infra the biggest risk factor in India’s data centres: Howden report
Between 2016 and 2025, the power consumed by data centres built in India grew 68-fold, at a 60% CAGR as per the recent S&P data. The demand is forecast to reach 57 TWh by 2030. Increasingly, hyperscale campuses are looking to on-site, behind-the-meter generation...
Global Data Centre Boom: Emerging risks becoming more pronounced
For the insurance market, this convergence of physical and digital risk presents challenges around aggregation clauses and the boundaries between cyber, property and war cover. Addressing these exposures will require rigorous cyber-physical risk assessment and greater...
Ukraine may provide additional insurance cover for ships to revive seaborne food exports
“The main challenge remains ensuring the safety of maritime transport and the stability of export corridors. The introduction of ship-insurance mechanisms was discussed,” the UCAB lobby group said in a report issued after a meeting with Ukraine’s president and prime...
Aon launches CyQu marketplace for better cyber risk management
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk...
Florida Hurricane could trigger $300bn insured losses: Swiss Re
Balz Grollimund, Head Catastrophe Perils at Swiss Re, said: "The Atlantic hurricane season has been relatively quiet so far this year, but it only takes one major storm making landfall in a highly exposed area to turn a quiet season into a costly one. One hundred...