Evidence of oil pollution was found near the coast of Kuwait in early April, with Iran's Islamic Revolutionary Guard Corps claiming it had targeted energy and petrochemical facilities across the region in retaliatory attacks.
The global commercial insurance market entered 2026 with rare tailwinds for buyers, offering broad capacity, flexible underwriting and competitive pricing across many major lines, but the favourable environment sits alongside rising geopolitical, legal and claims-related risks that could quickly narrow options for organizations that delay action, says a new report from Aon.
Emirates Insurance Company has announced the appointment of Mr Jean Claus as CFO, effective 1 May 2026. His appointment followed the retirement of Mr Aart Lehmkuhl on 30 April 2026.
Indonesia Re assessed that the pressure on the rupiah exchange rate against the dollar has the potential to increase reinsurance costs amid the escalation of conflict in the Middle East.
Al-Etihad Cooperative Insurance has announced the appointment of Mr Tareq Fahad Bouresly as Managing Director of the company for a six-month period.
The AIG Board of Directors has announced that effective 1 June 2026, Mr Eric Andersen will become President and CEO of AIG and join the AIG Board of Directors, and Mr Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company's previously announced leadership transition plan.
The International Transport Intermediaries Club (ITIC) has warned marine surveyors of the liability exposure they face when the scope of their instructions is not precisely recorded.
The Middle East conflict is taking a major toll on global shipping and trade, leading to growing interest in alternative maritime routes, including the Arctic corridor.
Amid heightened geopolitical tensions in West Asia and broader global uncertainty, the Indian government has moved to strengthen the country's maritime trade resilience through a major insurance initiative.