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Hormuz traffic slows as uncertainty over waterway persists

Hormuz traffic slows as uncertainty over waterway persists

by AIP Online Bureau | Aug 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Traffic slowed further at the other major Middle East waterway, the Bab el-Mandeb ​strait.A total ​of ⁠27 commodity vessels passed through Bab el-Mandeb on Wednesday, ​down from 32 on Tuesday, ​Kpler ⁠data showed.Some vessels may be sailing through the waterways with...
LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%

LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%

by AIP Online Bureau | Aug 20, 2026 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

The approval would give LIC the option to significantly increase its ownership in the private sector lender, subject to the applicable regulatory and statutory requirements Mumbai:Life Insurance Corporation of India (LIC), India’s largest insurance company, has...
Dutch ​e-commerce investor Prosus to invest $100 mn in Sachin Bansal’s Navi

Dutch ​e-commerce investor Prosus to invest $100 mn in Sachin Bansal’s Navi

by AIP Online Bureau | Aug 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Technology

Sachin Bansal, founder, Navi The investment values ​Navi at about $1.3 billion. At present, Navi offers loans, insurance, mutual funds, and UPI payments. Mumbai: Sachin Bansal-promoted Indian fintech startup Navi said on Wednesday it will raise $100 million from Dutch...
Munich Re acquires US based cyber insurtech At-Bay for $575 million

Munich Re acquires US based cyber insurtech At-Bay for $575 million

by AIP Online Bureau | Aug 19, 2026 | International News, Non-Life, Reinsurance, Technology

The acquisition is a strategic move to strengthen Munich Re’s and HSB’s position as a leader in the cyber market by combining insurance with proactive risk mitigation and a state-of-the-art technology platform. It also positions the company for greater access to a...
Wall street leans on Insurance Pools for $16 billion Kuwait deal

Wall street leans on Insurance Pools for $16 billion Kuwait deal

by AIP Online Bureau | Aug 18, 2026 | Eco/Invest/Demography, International News, Non-Life

Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co. opted for insurance-backed financing for the debt portion of the landmark deal. The decision points to the growing role of insurers as providers of long-dated capital for infrastructure assets, whose...
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