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West Asia Conflict: Risks extend beyond marine into energy, political violence, aviation, trade credit says Howden
Demand for Political Violence and Terrorism cover has risen...
Iran woking on a draft bill to impose a fee on vessels seeking safe passage through Strait of Hormuz
According to the semi-official Fars, the plan would be finalised...
Swiss Re open to inorganic opportunities,says CEO Berger
“We are open to inorganic opportunities,” Swiss Re CEO Andreas Berger told analysts at its investor day. “I’d like to keep some powder dry.” Zurich: Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that...
GST Cut Impact: General insurance industry premium surges 25% to Rs 26,900 crore in Nov
``Strong rebound in automobile sales and improving consumer confidence following the GST rationalisation in the sector, has provided another leg to overall growth. As both health and motor lines, two top portfolios in the industry, are expected to grow at a healthy...
Deadly floods’ $20 billion toll shows Asia’s rising climate risk
“Climate change is undeniably fueling more severe flooding in Southeast Asia,” said Davide Faranda, research director in climate physics at the French National Center for Scientific Research who led a study on Vietnam’s November floods Devastating floods have killed...
Road accident deaths rise to 1.77 lakh in 2024: Gadkari
Gadkari said the government has formulated a multi-pronged strategy to address the issue of road safety based on 4E's i.e. Education, Engineering (both of roads and vehicles), Enforcement and Emergency Care.Accordingly, various initiatives have been taken for road...
Hong Kong’s $200 million fire claims manageable for China Taiping Insurance Grp, says Fitch
The incident will trigger multiple coverage types, including property, public liability, employee compensation, group personal accident and numerous home contents claims. It remains too early to quantify total insured losses, insurers and reinsurers to bear most...
Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India together own about 95% in the lender. The government will sell 30.48% of its stake in the bank, while LIC will offload 30.24%, along with transfer of management control. India is poised to seek bids...
Russia’s Rosatom delivers nuclear fuel To Kudankulam plant in Tamil Nadu
These shipments are provided under a contract signed in 2024, which includes fuel supply for the third and fourth VVER-1000 reactors of the Kudankulam plant for the entire service life, starting from initial loading New Delhi: Russia's state-run nuclear corporation on...
RBI trims policy interest rate by 25bps to 5.25pc, sets higher growth rate at 7.3% for FY 26
The Indian economy is facing a "rare goldilocks" period. Since October, India's economy has experienced rapid disinflation leading to a breach of the central bank's lower threshold of tolerance. Given these macroeconomic conditions, "policy space" exists to support...
War insurance costs spike for ship owners as Black Sea threats grow, sources say
War insurance costs for some port calls have been quoted between 0.6% and 1% of the value of a ship in the past day by some underwriters, up from 0.4-0.6% last week. Rates of 1% would be the highest since late 2023, though still below peaks of 2% for the Red Sea at...
IndiGo cancels over 550 flights on Thursday
There were at least 118 flight cancellations at the Mumbai airport, 100 at Bangalore, 75 at Hyderabad, 35 at Kolkata, 26 at Chennai, and 11 at Goa. Flight cancellations were reported at other airports also Mumbai/New Delhi: The country's largest airline IndiGo on...