ECB Amends Bank Capital Reviews to Reflect Extreme Weather Risks June 17, 2025 By Frances Schwartzkopff The European Central Bank is embedding climate risk into regular reviews of how well banks can absorb losses, marking a...
Update: Two Tankers Catch Fire After Collision Near Strait of Hormuz June 17, 2025 By Weilun Soon and Nicholas Lua Two giant ocean-going tankers collided and caught fire and two other ships were approached by Iranian boats near the Strait...
New Ratings Firm to Track Climate Hit on Infrastructure Assets June 17, 2025 By Simon Jessop A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for...
Air India Crash Seen Triggering $475 Million in Insurance Claims June 17, 2025 By Saikat Das and Mihir Mishra India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and...
Morocco’s Wafa Assurance to Acquire Egypt’s Delta Insurance June 17, 2025 Wafa Assurance has agreed to acquire a majority stake in Egypt’s Delta Insurance from its current owner Egypt Kuwait Holding...
Everest Launches Unified International Specialties Business, Led by Trueman June 16, 2025 Everest announced its international insurance division has launched a unified specialties business, bringing together its offerings across marine, aviation, energy...
Canada’s WestJet Probes Cybersecurity Incident Affecting App and Internal Systems June 16, 2025 Canada’s WestJet Airlines is investigating a cybersecurity incident that has disrupted access to its mobile app and some internal systems,...
People Moves: Specialist Risk Group Names Former Lockton Executive Nimmo as CEO – UK; CFC Taps Line From Markel as Chief Underwriting Officer June 16, 2025 This edition of International People Moves details London-based appointments at the broker Specialist Risk Group and the managing general agent...
Deadly Air India Crash Will Harden Aviation Reinsurance Market: GlobalData June 16, 2025 By L.S. Howard The fatal crash of Air India flight AI171 on June 12, 2025 is expected to send ripple effects across the...
Markets/Coverages: Marsh Launches €1B Facility for Data Center Construction Projects June 16, 2025 Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of Nimbus, a new insurance facility providing clients with...