Flood risk specialist JBA Risk Management has collaborated with NVIDIA’s Earth-2 team to integrate AI-driven weather models into its flood risk catastrophe models, aiming to improve the understanding and representation of extreme and rare events for the insurance and risk sectors. For those unaware, NVIDIA Earth-2 is a development platform that enables the integration of…
Africa Specialty Risks (ASR), a re/insurance group specialising in emerging markets, has received approval for ASR North Africa to operate as a service company at Lloyd’s, allowing it to underwrite policies on behalf of Syndicate 2454 within the country. With this approval, brokers in Morocco—Africa’s second-largest insurance market—and the wider North-West African region gain direct…
Completely eliminating the department would require congressional approval and 60 votes in the Senate, which is unlikely given the current makeup.
Trump has lauded Italy’s right-wing Prime Minister Giorgia Meloni as a “fantastic leader.” Their affinity has put pressure on the EU flag-bearer as she heads to the White House.
Minnesota Senate Republicans on Thursday will make a motion to expel their colleague Sen. Justin Eichorn following a federal criminal charge accusing him of soliciting sex from someone he thought was 17, but turned out to be an undercover officer.
Zurich-based catastrophe insurance data provider PERILS has disclosed its third industry loss estimate for the floods in Central Europe and Italy during September 2024, reporting a total of €2.192 billion. For those unaware, in mid-September 2024, the low-pressure system Boris (also known as Anett) brought prolonged heavy rain across Central Europe, causing floods in Eastern…
Global reinsurer Swiss Re has nominated Morten Hübbe and George Quinn for election as new, non-executive and independent members of the Board for a one-year term, ahead of its annual general meeting (AGM) 2025. Additionally, Swiss Re has confirmed that Philip Ryan and Sir Paul Tucker will not stand for re-election at the AGM. The…
K2 Cyber, a K2 Insurance Services brand, has partnered with TransUnion, a global information and insights company, for Commercial Cyber Services and Cyber Claims Management. Through this collaboration, K2 Cyber policyholders will have access to TransUnion’s TruEmpower™ CyberScout solution. This comprehensive service is designed to help companies address and mitigate cyber incident risks. Thanks to…
Lindsey Reiser is joined by Kelly O’Grady and Jill Schlesinger to report on President Trump’s back and forth on major global tariffs, and their impact on the business world, consumers’ wallets, and beyond.