Two Singapore-registered container vessels were struck by unknown projectiles while transiting the Strait of Hormuz on 13 and 14 October, respectively, according to Singapore's Maritime and Port Authority (MPA). One vessel sank, while the other sustained hull damage.
The Global Asia Insurance Partnership (GAIP) has announced that Lloyd's Asia has joined the Asia-focussed, neutral tripartite platform as a Supporting Partner, bringing a specialist (re)insurance market perspective to GAIP's work to address protection gaps and strengthen resilience against the complex and evolving risks affecting Asia.
Insurance regulators are tightening rules for asset-intensive reinsurance while promoting alternative forms of insurance risk transfer.
Data from WTW's Quarterly Deal Performance Monitor reveals that completed M&A deal value grew by 23.9% year-on-year during the first nine months of 2026, rising to $1.65bn from $1.33 bn in the same period of 2025.
Howden has promoted Mr Elliot Richardson to the role of Chief Commercial Officer for the Group.
Aon's 2027 Global Medical Trend Rates report, projects that medical costs in Asia Pacific will increase by 9.7% in 2027, compared with 11.3% in 2026.
Around 81% of Indians believe that mental health issues are surging across the society, but nearly 80% still hesitate to seek therapy or counselling, according to a new survey. The Anishchit Index 2.0 survey by Aditya Birla Sun Life Insurance Company (ABSLI) was released ahead of World Mental Health Day, which was observed on 10 October 2026.
The Islamic Financial Services Board (IFSB) has released an exposure draft to revise its standard on risk management in takaful.
Businesses are experiencing rising business interruption losses as concentrated production, fragile supply chains, geopolitical tensions, inflation and growing technology dependencies increase the impact of disruptions.