Yemen’s Houthis Say They’ll Target Tankers in Northern Red Sea August 5, 2026 By Alex Longley and Omar Tamo Yemen’s Houthi militant group said it would attack Saudi oil tankers in the northern Red Sea, a potential fresh escalation...
Allianz to Buy UOB Asset Management Unit as CEO Targets Asia August 5, 2026 By Manuel Baigorri, Leonard Kehnscherper, Elffie Chew and Chanyaporn Chanjaroen Allianz SE agreed to buy the asset management unit of Singapore’s United Overseas Bank Ltd., marking the German insurer’s second...
Goldman Sachs, Talcott Launch $1 Billion Bermuda Reinsurance Sidecar August 4, 2026 Talcott Financial Group and Goldman Sachs have launched a Bermuda-domiciled reinsurance sidecar West Grove Re, the life insurance provider said...
Hormuz Traffic at a Trickle as Ship Attacks Heighten Concerns August 4, 2026 By Weilun Soon Observable traffic transiting the Strait of Hormuz remained at a trickle as attacks on vessels and Iranian threats heightened safety...
China Signals Nation Is Ready to Lead Global Climate Action August 4, 2026 By Lili Pike China signaled it plans to take a more important role in steering the global campaign to tackle climate change, as...
Rhine Falls to Lowest Since 1880, Threatening European Trade August 4, 2026 By Eamon Akil Farhat The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening...
Britain Says it Is Open to AI Regulation if Voluntary Safeguards Fall Short August 4, 2026 By Paul Sandle Britain would consider regulating advanced AI models if its current voluntary system for testing them before deployment no longer proved...
Europe’s Wildfire Season Exposes Climate Insurance Protection Gap August 4, 2026 By Jemima Denham, Elizabeth Howcroft and Michael Jones Domestic insurers are expected to absorb most of the losses from Europe’s worst wildfire season in recent history, but the...
Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk August 3, 2026 By Gautam Naik and Alastair Marsh Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of...
South Korea Fines Telecoms Firm KT Corp. $37.4 Million for Personal Data Leak: Panel August 3, 2026 South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp. 54 billion won ($37.43 million) for a leak...