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Australia has faced a huge $12.5 billion loss due to espionage in 2023-24, according to Mike Burgess, the head of the Australian Security Intelligence Organisation (ASIO). This staggering figure covers not just the direct theft of secrets like intellectual property but also the costs of fighting back and responding to these threats. Espionage, in simple … Read more

At this week’s Geneva Association Climate Change and Environment Conference, Swiss Re CEO Andreas Berger called on the insurance and finance industries to rethink how they handle climate risks. Speaking to a global audience of policymakers and industry leaders, Berger emphasized the need to shift from simply transferring risk to actively reducing and managing it. … Read more

Aquarian Holdings is close to finalizing a $4 billion deal to buy Brighthouse Financial, the U.S. life insurer that was spun off from MetLife. This move highlights the growing role of private capital in the insurance industry. People familiar with the discussions say Aquarian, which is backed by Mubadala Capital from Abu Dhabi, plans to … Read more

U.S. President Donald Trump’s recent move to impose new tariffs on imports from dozens of countries shook global markets on Friday. The surprise announcement sent stock prices tumbling, rattled businesses, and raised fresh questions about the future of international trade. The tariffs, set to start on August 7, cover 69 trading partners with rates ranging … Read more

A group of lenders received a significant legal win on Friday when the UK Supreme Court ruled that banks should only pay compensation in serious cases of motor finance misselling. The decision reverses much of a previous ruling that had sent bank shares tumbling and raised fears of compensation costs running into tens of billions … Read more

Over the past few months, President Trump has stepped up his use of tariffs as a tool for both trade and political leverage. Initially, the tariffs were set using a straightforward approach based on countries’ trade deficits with the U.S. But recent moves seem less predictable, with levies targeting nations like Brazil, India, and Canada … Read more

Small business owners across the U.S. often look for ways to cut costs, and insurance can seem like an easy target. But experts warn that skimping on insurance coverage can lead to serious financial trouble down the road. Eddie Dreyer, a commercial lines underwriter at Central Insurance, says that being properly insured is crucial, even … Read more

Global property insurance rates are falling again as natural disaster losses ease, marking a shift after years of tough times for the industry. According to the latest Marsh Global Insurance Market Index, average property premiums worldwide dropped by 8% in the third quarter of 2025. The Pacific region saw the biggest drop, with rates falling … Read more

The reinsurance industry is no longer dealing with just one pricing cycle but several happening at the same time across different sectors and regions. Nate Bunck, Swiss Re’s senior vice president and head of regional 4, explained that property, casualty, and regional markets are all moving differently right now. For example, what’s happening in the … Read more

Steadfast Group’s CEO, Robert Kelly, has stepped aside temporarily as the company investigates a workplace complaint against him. The announcement came just ahead of the firm’s Annual General Meeting, where leaders are expected to address shareholders about the situation. The firm, which is a major Australasian brokerage expanding in the US, stated that Kelly will … Read more