Flood Re’s Reinsurance Costs Surge on UK Claims Frequency and Severity July 21, 2025 Flood Re, a joint initiative between the UK government and insurers designed to make flood cover more affordable for homeowners,...
The Dossier That Warned Credit Suisse About Sanjeev Gupta July 21, 2025 By Jack Farchy and Donal Griffin The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon...
Evidence Shows Jeju Air Pilots Shut Off Less-Damaged Engine Before Crash: Source July 21, 2025 By Hyunjoo Jin and Lisa Barrington The South Korea-led investigation into Jeju Air’s fatal plane crash in December has “clear evidence” that pilots shut off the...
Singapore Says Cyber Espionage Group Targeting Critical Infrastructure July 21, 2025 Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by...
Ambani’s Jio Agrees to Reinsurance Venture With Allianz in India July 21, 2025 By Malavika Kaur Makol Mukesh Ambani’s Jio Financial Services Ltd. agreed to form a reinsurance venture with Allianz SE in India, advancing the billionaire’s...
Cayman Islands Approves 21 New International Insurance Licenses During H1 July 18, 2025 The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses...
People Moves: Aon Appoints Key Leaders in EMEA Commercial Risk Team; AXA XL Promotes Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s July 18, 2025 This edition of International People Moves details appointments at Aon and AXA XL. A summary of these new hires follows...
AI Models With Systemic Risks Given Pointers on How to Comply With EU AI Rules July 18, 2025 By Foo Yun Chee The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face...
EU’s New Russia Sanctions Aim for More Effective Oil Price Cap July 18, 2025 By Andrew Gray and Lili Bayer The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures...
Chinese Hackers Still Trying to Break Into Telecoms Across Globe July 18, 2025 By Jake Bleiberg and Cameron Fozi A Chinese hacking group has continued to target phone and wireless providers around the world, compromising devices tied to seven...