Prudential plc has released its 1Q2026 business performance update for the three months ended 31 March 2026.
Descartes Underwriting, a provider of parametric (re)insurance solutions for climate, cyber and emerging risks, has appointed Mr Jean Hermelin as Chief Strategy Officer. He will also join the Executive Committee.
More than 70 organisations from over 20 countries across six continents have urged the biggest global insurance and reinsurance groups to stop providing insurance for fossil fuel projects and fossil gas expansion in Southeast Asia's Coral Triangle. These pose significant risks to the most biodiverse marine area on Earth.
Economic losses from natural disasters in APAC reached at least $76bn in 2025, driven largely by the devastating Myanmar earthquake, widespread flooding in China and South and southeast Asia, and a series of high-impact cyclones.
The petroleum supply shock from the Iran-US War looks likely to cost global GDP growth about 0.5% - 0.6% with potential losses rising the longer the Strait of Hormuz remains effectively closed, said Eastspring Investments in its quarterly outlook report.
The conflict in the Middle East has become a material geopolitical risk for construction organisations globally, with clear implications for the wider APAC region.
The next one to two years could see expectations of a gradual increase in business interruption-related claims among SMEs, from supply chain disruption.
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.
Gallagher Re's latest Natural Catastrophe and Climate Report reveals that the total Q1 insured losses worldwide was $20bn.
Sri Lanka is among the worst impacted countries in Asia-Pacific due to the ripple effects of the Middle East crisis, according to a new report by UNDP.