Early reports from emergency responders indicate multiple injuries,...
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Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull &...
West Asia Conflict:Trump indicates possible end to conflict,Oil price spike continues
US President Donald Trump ``We are getting very close to meeting...
AAIB to probe helicopter crash in Uttarakhand
Five people were killed and two others injured in the helicopter crash that happened near Gangnani in Uttarkashi district.Seven people, including the pilot, were on board the helicopter of Ahmedabad-based private company AeroTrans Services Pvt Ltd, one of the...
Patrick Tiernan appointed as Lloyd’s CEO
Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation. We will work at pace to...
Insurers remain high alert over Indian missile attacks on Pak terror targets
Indian airlines have informed the insurers including New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance that they are going by the advise of the Indian government and no aircrafts have been parked in any of the airports around Indo-Pak...
Markel launches Clinical Trials product to support clinical trials research globally
“Clinical trials insurance is a regulatory requirement in many countries and it’s often the last hurdle to get approval to begin clinical research,” says Robert Hannaford, Senior Underwriter – Life Science, Markel. “Delays to this process can result in sizeable costs,...
Chaucer launches affirmative AI liability cover
As AI adoption continues to surge, AI incidents have spurred over 150 lawsuits in the US in the last 5 years per researchers at George Washington University. AI regulations are proliferating and scrutiny intensifying, it's essential for AI adopters to protect...
M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report
“Criminal activity online – including, but not limited to, ransomware and data extortion – is rampant. Attacks like this are becoming more and more common. And all organizations, of all sizes, need to be prepared,” Jonathon Ellison and Ollie Whitehouse, respectively...
Nicholas Walsh appointed as non-executive chairman of Sompo
Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the appointment of Nicholas Walsh as Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings(SIH). Monica Cramér Manhem has...
Gallagher expands in Türkiye with acquisition of Aspera
This move marks further investment by Gallagher as the country increasingly becomes as a strategic insurance hub between Asia and Europe, Alex Nagler, CEO of Gallagher in Europe London: Gallagher today announced it has acquired Türkiye-based Aspera Sigorta ve...
Warren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
Berkshire's insurance division has grown to include Geico, General Reinsurance and several other insurers. The float totaled $173 billion at the end of the first quarter Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of...
End on an Era- Warren Buffett to retire after heading Berkshire for six decade, Greg Abel to succeed
Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become CEO at the end of the year. OMAHA, Neb: Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year. Buffett...