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Munich Re Posts Better-Than-Expected Profit Amid Low Loss Claims
German reinsurer Munich Re on Friday posted a 6% rise in net profit in the second quarter, defying expectations for a drop and lifted by low major loss claims. Net profit in the quarter of €2.211 billion ($2.55 billion) compares …
POSTED AUGUST 07, 2026 9:11 AM |
AXA XL to Acquire Corporate Intelligence and Cyber Security Consultancy, S-RM
AXA XL announced it has entered into an agreement to acquire S-RM, the London-based specialist corporate intelligence and cyber security consultancy — raising its shareholding from approximately 49% to 100% ownership. Financial details of the deal, which is expected to …
POSTED AUGUST 07, 2026 8:34 AM |
Proposed Hormuz Passage Deal Not Feasible for Shipping Industry, Sources Say
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources …
POSTED AUGUST 07, 2026 6:27 AM |
NOAA Maintains Forecast for Below-Normal Atlantic Hurricane Season
Nearly halfway through the 2026 Atlantic hurricane season, NOAA’s prediction of below-normal activity in the Atlantic basin remains unchanged. Today, forecasters from NOAA’s National Weather Service updated the number of expected named storms to 7-13 (with winds of 39 mph …
POSTED AUGUST 07, 2026 6:02 AM |
People Moves: Aon Promotes Fletcher to Head of M&A, Transaction Advisory, North America
Aon named Tim Fletcher head of M&A, transaction advisory and financial services, North America. Fletcher has over 20 years of industry experience and has served as national practice leader for Aon’s Financial Services Group (FSG) for five years. He will …
POSTED AUGUST 07, 2026 5:50 AM |
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