Union Insurance Company will be reducing its capital by 30.50% to AED230m ($62.63m) from AED330.93m to offset accumulated losses amounting to AED142.75m, the company said in a statement lodged with the Abu Dhabi Securities Exchange.
The risk of regional escalation in the Israel-Iran war includes the risk that the conflict poses one of the most critical arteries of global commerce: the Strait of Hormuz.
The Financial Supervisory Commission (FSC) of Taiwan has decided on several interim measures to mitigate the impact of exchange fluctuations in the financial and capital markets caused by changes in the international financial situation.
Intensifying geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving demand for protection and these in turn are giving a boost to credit and political risk insurance according to a new report.
There are significant barriers that impact both the resilient construction of new housing, and the adaptation of existing properties, says the Actuaries Institute in a submission to the Productivity Commission.
Beazley has appointed Mr Stefan Wunderlich as head of parametric insurance. He is a specialist in modelling and underwriting property and Nat CAT risks.
Jumps in hedging costs, sharp currency rate fluctuations, and new regulatory proposals regarding FX risk management are developments that need monitoring, according to a report released by CreditSights, a credit research unit of the Fitch Group.
There is a growing awareness of how system failures can harm reputation amid digital transformation and tech adoption according to WTW's Global Reputational Risk Readiness Survey 2024/25 released in May 2025.
The chairman of the Financial Regulatory Authority (FRA), Dr Mohamed Farid, has stressed the critical need to build and develop comprehensive climate risk databases.
Hong Kong's insurance regulator, the Insurance Authority (IA) hosted the second edition of the Insurance-Linked Securities (ILS) Conference in May 2025. The event was attended by around 100 insurance practitioners, institutional investors and professional service providers from around the world.