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Shipping authority says 3 Indian seafarers killed in Middle East; issues advisory for maritime operators

Shipping authority says 3 Indian seafarers killed in Middle East; issues advisory for maritime operators

by AIP Online Bureau | Mar 3, 2026 | Workplace/Employee Benefits

The Directorate General of Shipping is closely monitoring the evolving maritime security situation in the Persian Gulf, Strait of Hormuz, Gulf of Oman and adjoining sea areas in light of recent regional and geopolitical developments, where reported threats have...
Iran vows to attack any ship trying to pass through Strait of Hormuz

Iran vows to attack any ship trying to pass through Strait of Hormuz

by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

“The strait (of Hormuz) is closed. If anyone tries to ​pass, the heroes of the Revolutionary Guards and the regular navy will set ​those ships ablaze,” Ebrahim Jabari, a senior adviser to the Guards commander-in-chief, ⁠said in remarks carried by state...
Ausatralian QBE to take full control of its Indian JV, buys out 51% stake from Prism Johnson for Rs 324 Cr

Ausatralian QBE to take full control of its Indian JV, buys out 51% stake from Prism Johnson for Rs 324 Cr

by AIP Online Bureau | Mar 3, 2026 | Indian News, Non-Life, Regulation

This is the first deal by any foreign insurer to have a 100 per cent venture in India after the new act,The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025,was enacted by the Indian parliament in December, 2025, allowing 100 per cent foreign direct...
Middle East Crisis: Govt engages with all stakeholders to ensure trade continuity amid geopolitical unrest

Middle East Crisis: Govt engages with all stakeholders to ensure trade continuity amid geopolitical unrest

by AIP Online Bureau | Mar 2, 2026 | Indian News, Non-Life, Reinsurance

The Centre reiterated its readiness to facilitate trade operations, including procedural flexibility in export-related authorisations in cases of genuine disruption; coordination with Customs authorities to ensure smooth clearance; engagement with financial and...
Zurich Insurance to acquire UK’s Beazley for $11 billion

Zurich Insurance to acquire UK’s Beazley for $11 billion

by AIP Online Bureau | Mar 2, 2026 | International News, Non-Life, Reinsurance, Technology

“Together with Beazley, we will create the world’s ​leading Specialty underwriter, with around $15 billion of pro forma gross written premiums, exceptional underwriting ‌expertise ⁠and data capabilities, and leading access to global distribution,” said...
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