Update: Oil Tanker That Fled Collision Site Is Detained in Malaysia July 22, 2024 By Florence Tan A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia’s Bertam floating...
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden July 19, 2024 A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to...
What Disruptions Have Been Reported After the Global Tech Outage? July 19, 2024 A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected...
Global Tech Outage Disrupts Industries, Highlights Online Risks July 19, 2024 A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours...
Angola to Sell Stakes in Biggest Insurer, Standard Bank Unit July 19, 2024 Angola will sell stakes in its largest insurer and in the local unit of Standard Bank Group Ltd. this year,...
Two Oil Tankers on Fire in Waters Near Singapore, Crew Members Rescued July 19, 2024 By Jeslyn Lerh, Florence Tan and Jonathan Saul Two large oil tankers were on fire on Friday after colliding near Singapore, the world’s biggest refueling port, with two...
People Moves: Liberty Mutual Re Taps Aon’s De La Mare to Lead New Australia/New Zealand Unit; H.W. Kaufman London Names AIG’s Greensmith to Lead Int’l Portfolio July 18, 2024 This edition of International People Moves details appointments at Liberty Mutual Re and H.W. Kaufman Group London. A summary of...
More Reforms Needed to Tackle Shadow Banking’s ‘Hidden Leverage’: BoE Regulator July 18, 2024 The booming non-bank financial industry has created excessive leverage that poses financial stability risks, and more reforms are needed to...
Insured Losses for Floods in Southern Germany Estimated at €1.6B: PERILS July 18, 2024 The recent floods in southern Germany will cost insurers an estimated €1.568 billion (US$1.7 billion), according to PERILS, the independent...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...