After hitting a record high of 4,134 events in Q4 2025, the number of European product recalls fell to 3,413 events in the first quarter of this year, according to figures from Sedgwick. The 17.4% decrease marks the most significant quarterly decline since Q2 2020, though recall activity remains high against historical norms.

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.