Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Markets/Coverages: Marsh Launches Insurance for EU Crypto-Asset Service Providers

Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply with the forthcoming Markets in Crypto-Assets Regulation …

Wed May 8, 2024 13:58
Worsening Weather Igniting $25 Billion Weather Derivatives Market

Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …

Wed May 8, 2024 13:58
Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO

Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …

Wed May 8, 2024 11:58
Typhoon Season in Northwest Pacific Seen Less Active Than Normal

Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …

Wed May 8, 2024 11:58
World Extends Run of Heat Records for 11th Month in a Row

April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual summer expected in Europe. The European Union’s Copernicus Climate Change Service said last month’s temperatures globally were 1.58C (2.8F) above …

Wed May 8, 2024 10:58
Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits

Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who controls access to infrastructure in Yemeni waters. The Yemeni government has granted permits for the repair of two …

Wed May 8, 2024 10:58

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