World Bank Prices $200 Million Catastrophe Bond for Jamaica May 19, 2026 By Gautam Naik The World Bank has priced a new catastrophe bond designed to help Jamaica cope with the threat of hurricanes. The...
Starr Europe Insurance Opens Office in Hamburg, Germany May 19, 2026 Starr, the New York City based insurance group, announced the opening of a new office in Hamburg, marking the further...
Pollution From Coal Is Hurting Global Solar Output, Study Finds May 19, 2026 By Aaron Clark Pollution from coal-fired power plants that can block sunlight is significantly cutting global solar output, and potentially causing an overestimation...
Few Foreign Ships Seen in Hormuz Amid Reports of Iran’s Insurance Plan May 19, 2026 By Prejula Prem and Julian Lee The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by...
UK’s StanChart to Cut Over 7,000 Jobs, Boost AI to Replace ‘Lower-Value Human Capital’ May 19, 2026 By Selena Li Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace “lower-value human...
Business Moves: Vienna Insurance Purchases Nuernberger; Liberty Mutual Raises Stake in India Unit; Aon’s NFP Buys Irish Private Wealth Specialist; Gallagher Buys UK Law Firm May 18, 2026 During this month, two insurers and two brokers have announced acquisitions in India and Europe. Details of these deals follow....
Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait May 18, 2026 By Golnar Motevalli Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the...
Ebola’s Silent Spread in Congo Exposes Surveillance Gaps May 18, 2026 By Jason Gale, Michael J. Kavanagh and Janice Kew A rare Ebola outbreak that may have circulated undetected in northeastern Congo for several weeks is exposing the difficulty of...
Iran War Saddles Global Companies With $25 Billion Bill – and Counting May 18, 2026 By Medha Singh, Deborah Mary Sophia and Bernadette Hogg The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill...
EY Pays Over £100 Million to Settle NMC Health Legal Claim May 18, 2026 By James Booth EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims...