OIC poised to introduce forward-looking solutions like Sarvatra...
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Generali brings Krishnamoorthy Rao back as MD&CEO of its indian general insurance JV
Rao, with over three decades of exeprience, will succeed Anup Rao...
Trump extends deadline for striking Iranian energy plants to April 7
The war has massively disrupted shipping, sending crude oil prices...
Firefighting efforts intensify aboard Singapore vessel after explosion off Kerala coast
"Around 40 per cent of the fire has now been brought under control. The vessel remains afloat but unmanned and is slowly drifting southeast in the Arabian Sea," according to updates shared by the Director General of Shipping. Kochi/Mumbai: Indian Coast Guard and other...
EU proposes ban on Nord Stream gas pipeline, reduction of oil price cap
EU firms are involved in an array of service provision for Russia that’s legal under the cap at current prices but wouldn’t be at $45. That includes use of the large Greek oil-tanker fleet, as well as insurance and reinsurance that’s provided by different firms across...
Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs
“Autonomy has the potential to significantly reduce accident frequency longer-term and reshape the underlying claim cost distribution and legal liability for accidents,” Goldman Sachs analysts including Mark Delaney wrote in a June 9 note to clients The rise of...
SBI General Insurance appoints Mohd. Arif Khan as its deputy CEO
Mohd. Arif Khan, deputy chief executive officer, SBI General Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, "His vast experience across diverse banking functions, strong strategic expertise, and deep understanding of the business, will be instrumental...
Beazley hires a new parametric insurance head
Stefan Wunderlich,head of Parametric Insurance Beazley has a long-term commitment to the property market, having trebled the size of its property underwriting since 2022. This commitment has seen it build a strong position in the US E&S market, roll out specialist...
Fire erupts on Singapore-flagged container vessel off Kerala coast; 18 rescued, 4 missing
The 270-metre-long vessel, with a draught of 12.5 metres, had left Colombo on June 7 and was en route to Mumbai, expected to arrive on June 10 Kochi: A major fire broke out on board a Singapore-flagged ship after a container explosion off the Kerala coast on Monday,...
Strengthening early warning systems and coordination crucial for disaster resilience: PM Modi
Narendra Modi, Prime Minister Prime Minister Modi underscored that disaster resilience requires innovative financing and called for the creation of actionable programs to ensure developing nations have access to necessary funds as the third priority New Delhi:...
Electric passenger vehicle sales cross 4% first time in May 2025: FADA
The increasing retail sales data marks a significant shift in consumer adoption of EVs, signalling growing momentum in the transition towards cleaner mobility. The retail data of electric passenger vehicles shows that the players in the segment sold about 12,304...
India’s billion-dollar infra projects face extreme weather test
India is ranked sixth among countries most affected by extreme weather, according to the 2025 Climate Risk Index report by Germanwatch. The world’s fastest-growing major economy has experienced more than 400 extreme weather events over three decades ending 2022, which...
Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs
Central bank acquired acquired equity stake of 24.91 per cent of Future Generali India Insurance Company for Rs 451 crore. It also bought a 25.18 per cent stake in Future Generali India Life Insurance for a cash consideration of Rs 57 crore as part of the insolvency...