A lot of attention right now on marine insurance and the straight of hormuz especially given the two-week ceasefire agreement that the uh white house has announced today. With me now, Marsh CEO John Doyle. What are you seeing in terms of clients looking at shipping in the Persian Gulf and when they might be ready to attempt getting through the straight of Hormuz.>> Well, thanks Contessa. It's good to be with you. Certainly welcome news overnight um for our clients, ship owners amongst them of course, but yo ...

Core Insights - AXIS Capital Holdings Limited has published research on how artificial intelligence (AI) is transforming the risk environment, based on insights from CEOs and CISOs [1][3] Group 1: AI's Impact on Risk and Cybersecurity - AI is recognized for enhancing data analytics, innovation, and operational efficiency, while also introducing new risks [4][5] - The dual nature of AI as a productivity enhancer and a source of unprecedented risk is emphasized as central to modern cyber risk [5] - AI strengthens cyber defense tools but also empowers cybercriminals, creating new vulnerabilities [6] Group 2: Survey Findings on AI Threats - AI-driven attacks are the leading concern for 29.6% of US respondents and 20.8% of UK respondents [7] - A generational divide exists, with only 23.1% of executives aged 55 and over believing AI will enhance cyber defenses, compared to 77.4% of leaders aged 35–44 [8] Group 3: Regional Differences in AI Preparedness - There is a notable contrast between US confidence and UK caution regarding AI threats, with 85% of US leaders feeling prepared compared to 44% of UK leaders [9] - 88.4% of US CEOs believe AI will strengthen protections, while only 55% of UK CEOs share this view [9] Group 4: Return on Investment and Cyber Insurance - In the US, 93.5% of CEOs and 87.5% of CISOs believe AI delivers ROI in cybersecurity, compared to 69.1% of CEOs and 74% of CISOs in the UK [10] - 94% of US respondents carry cyber insurance, while only 68.4% of UK respondents do [10] Group 5: Perspectives of CEOs vs. CISOs - CEOs view AI as a lever for productivity, while CISOs associate it with increased exposure [11] - 60.2% of CEOs feel better prepared than peers for AI-related threats, compared to 50.6% of CISOs [12] - CEOs identify data leakage as the primary AI-related threat (28.7%), while CISOs rank shadow AI as the top risk (27.2%) [12] Group 6: Trust and Concerns in AI Decision-Making - In the US, 31.2% of CEOs and 27.7% of CISOs cite AI-driven attacks as their greatest concern, while in the UK, the figures are 22% for CEOs and 19.7% for CISOs [13] - Trust in AI decision-making tools among UK CEOs is mixed, with 49.6% expressing trust and 37.4% expressing distrust [13] Group 7: Strategic Tension in Organizations - The findings highlight a strategic tension between the optimism of CEOs regarding AI and the caution of CISOs regarding security [14] - CEOs champion AI as a catalyst for innovation, while CISOs view it as a new frontier of exposure [14]

Core Insights - Cyber incidents remain the top global risk for companies in 2026, marking the fifth consecutive year at this position with a record score of 42% of responses, reflecting a 10% increase from the previous year [6][10] - The rapid adoption of artificial intelligence (AI) has propelled it to the second position in the risk rankings, with 32% of respondents identifying it as a significant concern, up from 10th place in 2025 [8][9] - Business interruption has dropped to the third position, indicating a shift in risk perception, although it remains a significant concern due to its connection with other risks [2][10] Cyber Risks - Cyber incidents are the primary concern across all regions, driven by increasing reliance on digital technology and evolving cyber threats [6][7] - Smaller and mid-sized enterprises are particularly vulnerable due to limited cybersecurity resources, while larger companies are investing in cybersecurity measures [7] - The evolving nature of cyber risks is compounded by reliance on third-party providers and the increasing threat landscape introduced by AI [7] Artificial Intelligence Risks - AI has emerged as a complex source of operational, legal, and reputational risks, with companies recognizing both its strategic opportunities and potential liabilities [9] - The rapid integration of AI into business operations is outpacing governance and regulatory frameworks, leading to heightened exposure to system reliability and data quality issues [9] - Concerns regarding automated decision-making and potential biases in AI models are becoming more pronounced as organizations scale their AI capabilities [9] Business Interruption and Geopolitical Risks - Business interruption is closely linked to geopolitical risks, with rising protectionist policies and regional conflicts contributing to uncertainty in global supply chains [10][11] - Political risks and violence have climbed to the seventh position in the risk rankings, reflecting growing concerns over geopolitical volatility [3][11] - Trade restrictions have significantly increased, affecting an estimated $2.7 trillion of merchandise, which is nearly 20% of global imports, prompting companies to explore alternative supply chain strategies [10]

🛡️Cyber risk & #digital resilience will drive ESMA’s Union Strategic Supervisory Priorities agenda in 2026.🤝 With support from national authorities and #DORA alignment, #ESMA calls for continued efforts on ICT risk management and effective supervision.https://t.co/1B5UDjTplC https://t.co/cOR6Dwtj4E ...

Economic Impact of Government Shutdown - The U.S. government shutdown is causing delays in key economic data, including the September jobs report, which is expected to heighten volatility and reinforce the Federal Reserve's data-dependency dilemma [2][5] - U.S. employers added only 22,000 jobs in August, with the unemployment rate rising to 4.3%, the highest since 2021, indicating a cooling labor market [1][3] Business Confidence and Planning - Businesses rely on official data for hiring, investment, and pricing decisions; the shutdown-induced data blackout undermines confidence and increases planning risk [3][5] - CFOs are advised to prioritize agility in scenario planning to prepare for market volatility and disruptions to federal contracts and operations [5] Employment Trends - In August, employers announced 85,979 job cuts, the highest total for that month since 2020, reflecting a challenging employment landscape [3] - ADP reported a decline of 32,000 jobs in the private sector for September, marking the first back-to-back monthly job losses since 2020 [4] Market Activity - E*TRADE reported that clients were net buyers across all 11 S&P 500 sectors in September, with consumer staples, utilities, and consumer discretionary sectors showing significant net buying activity [8][9] - Despite the defensive appearance of some buying activity, significant investments were made in nuclear power stocks and megacap stocks in the consumer discretionary sector [9] Risk Management Insights - Aon's Global Risk Management Survey indicates a rise in geopolitical volatility risks, now among the top 10 global risks, alongside cyber attacks and economic slowdown [11][12] - Only 14% of organizations track their exposure to the top 10 risks, highlighting a gap in risk management practices [12]

Group 1 - Markel Insurance has launched a new cyber insurance product that provides coverage of up to US$5 million for indirect losses resulting from acts of war [1][3][5] - The product addresses the growing concern of cyber risks, particularly for large organizations in critical sectors, as state-sponsored cyber threats are increasing in frequency and severity [2][6] - This new offering is designed as a wrap-around solution for corporate clients with existing cyber insurance policies, allowing them to cover gaps in war-related exclusions [4][6] Group 2 - The new product is part of Markel's response to the evolving needs of clients who require coverage for the indirect impacts of war on their cyber insurance [6][7] - Markel has allocated a fixed aggregate limit specifically for this product, indicating a commitment to addressing these emerging risks in the insurance market [5][7] - The initial limit of coverage is set at US$5 million per risk, with the potential for future expansion based on market demand [5][7]