Geological hazards, which include rain-triggered landslides and...
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Reinsurance
Latest
Moody’s launches Casualty Risk Intelligence Group, to contribute insights for global casualty (re)insurance market
The casualty industry faces increasing complexity, ranging from...
French riots seen as insurance test before new regime kicks in
The damage wrought cross France by the recent street riots will...
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 Swiss Re, said: "A company may look diversified until you discover that its suppliers, technology providers and customers depend on the same infrastructure. One disruption can therefore affect more parts...
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 relationship by equipping our brokers with data-driven insights and greater efficiency. This gives them more time to deliver tailored insurance solutions that reduce our clients’ total cost of risk,...
Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments
The appointments reflect Canopius' ambition to continue building market-leading specialty underwriting and claims capabilities across APAC. Singapore: Canopius Group, a leading global specialty and P&C (re)insurer, today announced the appointments of Richard...
IRDAI’s Distribution Reforms: Commission on general insurance products proposed to be slashed from 30% to 20%, to 12.5% for life over 5 yrs
Greater transparency would be required from insurers and large distribution entities, which would have to disclose commission policies and structures in a simple and accessible manner. Specified commercial insurance policies would also carry commission disclosures,...
Saudi oil export strategy hits new hurdle as Red Sea insurance costs soar
Quoted war risk premiums for Saudi-linked tankers calling at Yanbu have risen to around 3% of a vessel's value, four industry sources told Reuters. They were less than 1% in early July, before London's marine insurance market designated that stretch of water as...
Hydropower Risks: Mapping interdependencies and building resilience
From an insurance perspective, events such as recent floods in South Asia reinforce the need for a forward-looking approach to risk assessment. Historical loss data remains important, but should be complemented by climate science, catastrophe modelling, engineering...
MNK International accelerates global growth with launch of MNK International North America
Manoj Kumar, group chief executive officer and chairman, MNK Group MNK Group, the independent international insurance group, has also recently completed the acquisition of 100% of ETU Forsikring A/S, a Danish non-life insurer authorised since 2006 and headquartered in...
Aon appoints Jane Drummond as global chief commercial officer
Jane Drummond, global chief commercial officer-designate Currently, Jane Drummond serves as chief commercial officer of Asia-Pacific, working with sales leaders and country CEOs to drive new business, strengthen strategic client relationships and enhance commercial...
Hormuz shuttles keep oil flowing, but at a high cost
Ship-to-ship (STS) transfers have become a vital lifeline for Gulf producers as they adapt to the disruptions caused by the Iran war, now entering its seventh month. Once loaded, a tanker disconnects and heads for its destination, typically a refinery in Asia. The...
Soaring cost making some long-distance crude trades uneconomical
But for oil traders, the risk is that shipping becoming prohibitively expensive. They're concerned that the higher costs make it unprofitable for some refiners to turn crude into fuels, deterring them from buying cargoes that have to sail over long distances, even...