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Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf since traffic through the vital chokepoint all but halted. The …
POSTED MARCH 09, 2026 12:19 PM |
Asia’s Rich Having Second Thoughts on Dubai as War Rages
Many of Asia’s richest families are reconsidering their exposure to Dubai as the Iran war rattles the city that has attracted billions from across the region in recent years. Several consultants told Bloomberg News they are getting calls from clients …
POSTED MARCH 09, 2026 11:45 AM |
Airline Shares Battered, Airfares Surge as Iran War Intensifies
Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes. Oil prices were trading more …
POSTED MARCH 09, 2026 11:01 AM |
Zurich to Buy Generali’s Irish Unit for €337 Million in Cash
Zurich Insurance Group AG agreed to buy Assicurazioni Generali SpA’s RedClick unit for €337 million ($389 million) in cash to expand its non-life business in Ireland. The two companies announced the deal in separate statements Monday, confirming an earlier Bloomberg …
POSTED MARCH 09, 2026 9:58 AM |
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The US International Development Finance Corp. said Friday …
POSTED MARCH 09, 2026 9:40 AM |
UK Banks Slammed by Flood Re’s CEO for ‘Ignoring’ Mortgage Risks
The UK’s flood insurer of last resort says the country’s mortgage banks aren’t doing enough to prepare for the risks facing homeowners across Britain. “Their assumption is they don’t need to do anything,” Perry Thomas, chief executive of Flood Re, …
POSTED MARCH 09, 2026 9:16 AM |
Trump Signs Order to Bolster Efforts to Combat Cybercrime
President Donald Trump signed an executive order Friday aimed at fighting cybercrime — including fraud and extortion — directing officials to identify robust tools to combat transnational criminal organizations preying on American families, businesses and infrastructure. The directive calls for …
POSTED MARCH 09, 2026 5:37 AM |
3 Big Questions Facing FEMA With Kristi Noem Out
President Donald Trump ousted Kristi Noem as head of the Department of Homeland Security, a move announced Thursdaythat will also have major implications for the nation’s top disaster agency. The Federal Emergency Management Agency, which falls under DHS, has been …
POSTED MARCH 09, 2026 5:23 AM |
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says
Liberty Mutual’s underwriting results across its businesses came in ahead of targets the company set three years ago when the business was unprofitable, the chief executive reported yesterday, also giving a sense of future strategies. “In 2026, a key focus …
POSTED MARCH 09, 2026 5:07 AM |
Study Analysis: AI May Be Tempering Insurer Hiring
The share of insurance companies planning to maintain their current staff size over the next 12 months has reached a 15-year high—while just 7% of insurers plan to reduce headcount in 2026. Aon and The Jacobson Group’s Q1 2026 Insurance …
POSTED MARCH 09, 2026 5:03 AM |
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