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London marine insurers still offering Middle East cover as War Risk rates rise: Gallagher
“Given the challenging maritime security environment, rates have...
India may secure US marine cover for vessels shipping oil from Middle East
U.S. President Donald Trump has ordered the U.S. International...
“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance
Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was collected from GST on health and life insurance in the last three financial years.73-74 per cent of the amount collected under the GST goes to the states,'' Nirmala Sitharaman, union finance said in the...
Lloyd’s financial strength rating upgraded by AM Best
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
Explainer: Why does Nepal suffer so many air crashes?
In a 2023 safety report, the Civil Aviation Authority of Nepal (CAAN) said collision with terrain or another obstacle was the main risk, accounting for 93% of deaths in air accidents in the prior decade On July 22, 2024, eighteen people were killed in Nepal when a...
Helicopter with 5 people on board crashes in the mountains northwest of Nepal’s capital
The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal's capital Kathmandu shortly after takeoff on Wednesday, killing all five...
FSIB to interview 5 candidates tom for selecting CMD of AIC
The general managers (GMs) who have been shortlisted on the basis of seniority are - V Balkrishna and Jayshree Bala from GIC Re, Rekha Solanki, Oriental Insurance Company, Mathew George, Managing Director and CEO of Health Insurance TPA of India (HITPA),...
Missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks
The killing of Haniyeh in Tehran has sparked concerns of a new escalation in the Israel-Hamas war. Already, the U.S. military says it will move a fighter jet squadron to the Middle East and keep an aircraft carrier in the region DUBAI, United Arab Emirates : A missile...
Finmin asks state-owned general insurers to focus on profitable businesses
Vivek Joshi,Secretary,Financial Services Oriental Insurance has earned Rs 18 crore profit in FY24 as against a loss of Rs 5,000 crore a year ago, while National Insurance Company narrowed its loss to Rs 187 crore from Rs 3,800 crore, and United India Insurance to a...
IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator
The Administrator, in its affidavit informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own...
Affordable medicines save Rs 28,000 crore under Janaushadhi Scheme
Launched by the Department of Pharmaceuticals, these initiatives aim to alleviate healthcare expenses by providing quality generic medicines at affordable rates, focusing on critical illnesses like cancer and cardiovascular diseases The Prime Minister Bhartiya...
WHO report on half of India’s population is physically unfit based on extrapolations, Nadda
The study findings were based on the data collected from three states -- Tamil Nadu, Maharashtra and Jharkhand -- and Union Territory of Chandigarh New Delhi: The WHO's recent report stating that half of India's adult population is physically unfit relied on data...