Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports. Emirates, the world’s largest international airline, halted all operations to and from Dubai until 3 p.m. local time on Tuesday and warned of disruptions through Thursday. Etihad Airways extended cancellations until 2 p.m. Monday, while Qatar Airways said flights to and from Doha were suspended due to the closure of Qatari airspace. The disruptions rippled across Asia, with Cathay Pacific Airways Ltd. canceling some…
Author: Awais
Tampa-based Baldwin Insurance Group, Inc. (BWIN) reported a loss of $25.9 million in its fourth quarter, the second quarter for significant red ink. On a per-share basis, the Tampa, Florida-based company said it had a loss of 37 cents. Earnings, adjusted for one-time gains and costs, came to 31 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Carlisle (Linkedin) The company posted revenue of $347.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected…
Several marine insurers said they are canceling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers including Gard, Skuld, NorthStandard, the London P&I Club and the American Club said their cancellations will take effect from March 5, according to notices dated March 1 on their websites. War risk cover will be excluded in Iranian waters, as well as the Gulf and adjacent waters, according to the notices. Skuld added in its notice that it was working on a buy-back option to reinstate cover. Japan’s MS&AD Insurance Group told Reuters it had suspended underwriting of…
Belgium seized an oil tanker belonging to the Russian shadow fleet on Sunday and suspected of sailing with a “false flag and false documents,” Belgian Defence Minister Theo Francken said. Western sanctions imposed on Russia for invading Ukraine and aimed at cutting its oil revenues have led to the rise of a “shadow fleet” of tankers helping Moscow to keep its crude exports flowing. “Over the past few hours, our armed forces, with the support of the French Defence, have boarded an oil tanker belonging to the Russian shadow fleet,” Francken said in a post on X early on Sunday.…
Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production. At least 40 very-large crude carriers, or VLCCs, each carrying about 2 million barrels of oil, are currently idling within the Gulf, according to ship-tracking data by Kpler. Several owners and captains said that they were waiting for the security situation to become clearer before attempting to pass through the strait. Major shipping companies have also advised vessels to shelter in place. “Inefficiencies will likely…
Similarly, Stephen Rudman, head of marine – Asia, at Aon, outlined some of the primary actions that have been taken including: issuance of formal notices of cancelation under standard seven-day war clauses on certain annual hull war policies; withdrawal or revision of existing quoted Additional Premiums (APs) for transits through listed high-risk areas; reinstatement of cover being offered at materially increased rates; and heightened underwriting scrutiny for voyages into or near sensitive zones, including potential requirement for prior approval. “Importantly, this activity relates specifically to war risk extensions. Core hull and machinery and P&I covers remain in place unless otherwise…
FedEx was sued in federal court on Friday on behalf of customers seeking refunds from the global shipping company after the U.S. Supreme Court ruled this month that President Donald Trump unlawfully imposed billions of dollars in emergency tariffs on imported goods. The proposed class action in the federal court in Miami, Florida, seeks compensation for potentially millions of shippers who paid import duties and related fees on products that they said should have entered the United States duty-free. FedEx said in a statement on Friday: “If refunds are issued to FedEx, we will issue refunds to the shippers and…
Despite fewer securities class action settlements, the median settlement amount reached its highest level in nearly three decades last year, according to Cornerstone Research. The median settlement was $17.3 million in 2025—marking a 20% increase from the previous year and the highest amount since 1997. In its latest securities class action report, Cornerstone, an economic and financial consulting firm, attributed the rise in part to larger settlements in cases involving only claims under the Securities Act of 1933 (’33 Act). “One factor that may explain these larger settlements is that these cases may have been unusually complex,” the report’s authors,…
They include a new marketing chief and a new unit CEO
In 2025, investment gains included changes in unrealized equity gains of $12.9 billion for the full year, including $9.6 billion in Q4, plus after-tax realized gains on sales of $17.8 billion for the year. That compared with unrealized gains of $2.1 billion in Q4 but unrealized losses of $38.1 billion for full-year 2024, alongside realized gains of $79.6 billion for that year.
Life premiums increased by 9%, bolstered by strong protection sales in Hong Kong, Switzerland, and Japan, alongside a 13% rise in unit-linked products. The group reported that net flows reached €5.4 billion, a significant increase from €1.5 billion in 2024, driven primarily by protection and health products.
The new unit, led by Alastair Swift, brings together specialists from construction, energy, cyber, supply chain, analytics and risk engineering to provide advisory and risk transfer solutions spanning the entire data-center lifecycle – from site selection and construction through to power resilience, catastrophe exposure and operational continuity.
The analysis argues that accelerating geopolitical shifts are creating a level of complexity not seen in decades, with implications for trade, conflict dynamics, capital flows, and digital infrastructure. While many business leaders expect significant global restructuring over the next year, Marsh said firms are still devoting too much attention to short-term volatility rather than preparing for structural changes that could reshape operating environments.
“Our global brand reflects the strength and scale of our platform across public and private markets, making the full breadth of our capabilities more visible and accessible to clients navigating the next era of investing. With the support of New York Life, we are continuing to expand the breadth of our offerings, guided by disciplined active management, long-term partnerships, and the enduring values of our firm,” said Naïm Abou-Jaoudé, CEO of New York Life Investment Management.