Paul Atkins, the chair of the Securities and Exchange Commission In...
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Markel launches first-of-its-kind affirmative cyber product for collateral war cover
Chris Burgess, Director of Cyber at Markel International,...
Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
German reinsurers post profit falls after $1.9 billion Los Angeles fire claims
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
Google facing at least €12 Billion in civil claims across Europe
The civil suits are linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage...
UnitedHealth CEO steps down; suspends 2025 outlook on higher medical costs
Andrew Witty, CEO ,UnitedHealth UnitedHealthcare is the US' largest provider of Medicare Advantage plans, with more than 8 million customers. Those are privately run versions of the federal government coverage programme mostly for people ages 65 and older....
Exploring key trends in Indian used car valuation
The Indian used car sector demonstrates constant evolution under the influence of three key factors: economic conditions, fuel costs, and consumer taste patterns. Valuing a used car in India requires more than a single universal procedure. Different market...
PM Modi warns Pakistan of more strikes if there is a ‘terrorist attack’
Narendra Modi, Prime Minister Modi's first public comments since Indian armed forces launched strikes on what New Delhi said were "terrorist camps" across the border last week indicated a hardening of India's position on ties with its neighbour, which were icy even...
Stock markets log biggest single-day rise after suspension of India-Pak hostilities, zooms almost 3000 pts
"Confluence of positive geopolitical and economic developments – the ceasefire between India and Pakistan, coupled with a breakthrough trade agreement between the US and China – sparked the strongest daily market rally in recent times," Vinod Nair, Head of Research,...
EU changes to sustainability law risk company lawsuits, legal scholars say
The EU’s plan to simplify the Corporate Sustainability Due Diligence Directive (CSDDD), which was proposed as part of an omnibus bill put forward by the European Commission in February, “is really risky,” said Thom Wetzer, founding director of the Oxford Sustainable...
AAI says 32 airports to resume operations as tensions ease on India-Pakistan border
In a statement on Monday, state-owned AAI said the 32 airports that were closed for civilian aircraft operations till 0529 hours of May 15 are now available for operations with immediate effect. "It is recommended for travellers to check flight status directly with...
Re/insurers keep a close watch on elevated Indian risks
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...