Rising geopolitical tensions are turning war from a distant threat...
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EV Transition: Plugging in new insurance solutions
India’s electric mobility revolution is moving from promise to...
OpenAI finds evidence other AI agents escaped containment as it widens hacking probe
AI safety experts said the new disclosures paint a portrait of a...
Iran declares Hormuz closure over Lebanon fighting, US says waterway remains open
U.S. President Donald Trump, in response, threatened to impose American tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days, saying the money would be for “services rendered as the Guardian Angel to the countries of the Middle East.” TYRE,...
Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a portion of their shareholders' funds in private limited companies. Such investments, however, will be capped at 5 per cent of the shareholders' funds available beyond the solvency margin and will be...
Lloyd’s:A new marine war risk consortium launched to support Strait of Hormuz shipping
The new marine war risk consortium will issue primary policies for vessels and cargo. It will provide up to $200 million of capacity separately for hull and P&I risks, with an additional $200 million of dedicated cargo capacity. Chubb will serve as lead...
Turtlemint Fintech raises Rs 397 crore from anchor investors ahead of IPO
Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, promoters of Turtlemint ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Amansa Holdings, BNP Paribas Financial Markets, Edelweiss MF, Bajaj Life Insurance, Societe Generale, ICICI Prudential Life Insurance...
Stranded ships transiting the Strait of Hormuz:Lloyd’s List
In a media briefing, Richard Meade, editor in chief of Lloyd’s List, said for the first time in 110 days, ships owned by major companies are transiting the strait after effectively being marooned there since February London:Major shipowners have begun moving vessels...
Cyber scams rise sharply across Asia: Interpol
The report comes as governments across Asia are grappling with an explosion in online fraud fueled by sprawling scam networks that monitoring groups say increasingly operate across borders and generate tens of billions of dollars a year. Once concentrated in parts of...
Allianz leads race for HSBC Life Singapore
HSBC had shortlistedAllianz, Sumitomo Life Insurance Co. and Daiichi Life Group Inc. as bidders for the Singaporean insurance unit. Other insurers including Sun Life Financial Inc. and Nippon Life Insurance Co. were said to be in the frame for the unit previously....
Emirates adds War Cover amid gulf rebound
The product includes medical coverage for conflict-related incidents, with airline-managed hotel accommodations and support for extended stays, according to the statement. Emirates also will rebook connecting services for affected passengers at no extra cost, even if...
US and Iran presidents sign ceasefire agreement, but Trump says he could still resume attacks
The memorandum includes an immediate end to the war on all fronts, including Lebanon, the full resumption of maritime traffic in the Strait of Hormuz, the lifting of a U.S. blockade of Iranian ports, the waiving of international sanctions on Iran, the unfreezing of...
Govt completes 5% OFS in GIC Re, including 3% green-shoe option: DIPAM Sect
Sharing the outcome of the stake sale on social media platform X, DIPAM Secretary said, "Offer for Sale (OFS) in GIC Re closed with enthusiastic response from the investors. Government of India has divested 5.0% per cent of its stake in GIC Re with full subscription...