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Beazley Plans $1B Marine War Consortium for Transiting Strait of Hormuz
Beazley, the specialty Lloyd’s insurer, has announced its intention to launch a marine war consortium, offering up to $1 billion of Lloyd’s capacity, which comprises $500 million for hull war and $500 million for cargo war. The consortium, which will …
POSTED APRIL 17, 2026 11:07 AM |
US-Iran Deal Will Take Months, Gulf and Europe Officials Say
Some Gulf Arab and European leaders believe that a US-Iran peace deal will take about six months to be agreed and that the warring sides should extend their ceasefire to cover that timeframe, according to officials from the regions familiar …
POSTED APRIL 17, 2026 8:46 AM |
Europe Looks to Contain Trump’s Fury as It Hosts Hormuz Summit
The UK and France will host a summit to discuss setting up a naval force that would ensure freedom of navigation in the Strait of Hormuz, as Europe seeks to rebut US claims that it’s not doing enough to secure …
POSTED APRIL 17, 2026 8:44 AM |
Spain’s Blackout Probe Blames Grid Operator, Government, Watchdog
An inquiry by the Spanish Senate blames the government, as well the country’s grid operator and energy watchdog, for last year’s unprecedented blackout, according to preliminary conclusions made public on Wednesday. The probe by the upper house – which is …
POSTED APRIL 17, 2026 6:05 AM |
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for shareholders. The report, “Carrier Mergers & Acquisitions: Drivers, Implications & Outcomes,” published …
POSTED APRIL 17, 2026 5:26 AM |
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles
Almost all consumers agree that insurance policies should evolve to provide clearer coverage for micromobility vehicles on public roads, Nationwide shared in a new report. Nine in 10 respondents to a recent survey commissioned by the insurer held that view. …
POSTED APRIL 17, 2026 5:11 AM |
Mythos Poses Risk to SEC Market-Tracking Database, Group Says
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday. The financial-industry trade group warned of the potential for bad …
POSTED APRIL 17, 2026 5:06 AM |
UK Prepares for Food Shortages Caused by Iran War CO2 Crunch
The UK has drawn up plans to prepare for potential food disruption as the Iran conflict causes a drop-off in supplies of carbon dioxide used widely in the industry. In a “reasonable worst-case scenario,” officials don’t foresee aisles of empty …
POSTED APRIL 17, 2026 5:05 AM |
Bank of England Says it Is Testing AI Risks to Financial System
The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday. The BoE said it disagreed with an …
POSTED APRIL 17, 2026 5:03 AM |
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market
Five hundred and fifty billion dollars. That is the figure at the center of the landmark strategic investment agreement the United States and Japan concluded on July 22, 2025. A commitment by Japan to direct capital into American industries on …
POSTED APRIL 17, 2026 5:03 AM |
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