The booming semiconductor market faces tight supply levels for the foreseeable future as demand from AI, satellites and robotic technology could see demand outstrip supply, according to Christophe Fouquet, CEO of European chip-making machine firm ASML.

Forecasters at the NOAA’s US National Weather Service are predicting a below-normal hurricane season for the Atlantic basin this year.

Three-quarters of UK businesses are concerned about the cyber risks arising from their vendors and suppliers using AI, yet only 28% of AI-using businesses have taken steps to assess or audit their third-party suppliers’ AI systems, according to research from insurer QBE.

Specialty and P&C reinsurer Canopius Group has launched a new cyber-triggered spoilage product designed to protect businesses when a cyber incident renders their perishable stock unsellable.

War has overtaken civil unrest as the political violence exposure companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden adversarial powers and heighten risks to business assets. Around 60% of respondents from Europe and Asia-Pacific to the survey by Allianz Commercial see war as the top risk, followed by civil unrest and terrorism/sabotage.

Insurer Markel International and broker Willis have introduced a dedicated insurance facility to deliver capacity for the nuclear sector. The solution is designed to provide end-to-end capacity for nuclear facilities, a move that the firms say signals growing confidence in nuclear energy's role in the global energy transition, as the sector’s insurance needs become more complex.