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Bobby Swarup’s Niyam Grp receives Lloyd’s in-principle to establish Syndicate 2047, to focus on India and other high growth Asian and African markets
Bobby Swarup, Founder and CEO of Niyam Group, said “I am grateful...
Natural disasters cause US$224bn global damage in 2025, insured losses at US$ 108bn, says Munich Re
In the Asia-Pacific region, natural disasters resulted in overall...
IRDAI slaps Rs 1 cr fine on Prem Watsa promoted Digit Insurance for violating shareholding norms
``It is observed that there has been an inordinate delay in filing the particulars of JV Amendment Agreement, which among other things contains details of change in conversion ratio and total number of CCPS(convertible preference shares ) as 78,00,000 as against...
Hinduja group floats 4 new Indian cos to acquire Reliance Capital
Hinduja Group has now submitted a new plan changing the entire corporate structure of the transaction for the implementation of the resolution plan which again has been submitted to all the regulators for their fresh approvals Mumbai/Hyderabad In a bid to...
Certificate Course on Shrimp Crop Insurance
ICAR-Central Institute of Brackishwater Aquaculture, Chennai in collaboration with the ICAR-Central Institute of Fisheries Education, Mumbai jointly conducted a certificate course on Shrimp Crop Insurance and Loss Assessment during 29th April to 3rd May 2024 at...
ICEYE launches Flood Insights and Flood Early Warning for Canada, providing near real-time situational awareness
ICEYE’s Flood Early Warning data is available 96 hours before each potential flood, showing the areas most likely to experience flooding. During each flood, data on the total extent of the flood water is provided every 24 hours. The complete extent and depth of the...
ACKO launches ambulance-booking feature on App
In partnership with Red Health, ACKO, the tech-first insurer, has added a unique feature of booking an ambulance on its mobile app. The feature is currently available in Bangalore, and will go live in Delhi, Mumbai, Chennai, Hyderabad, and Kolkata in coming weeks. The...
Southern Brazil hit by the worst floods in more than 80 years
It was the fourth such environmental disaster in a year, following floods in July, September and November 2023 that killed 75 people in total Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state...
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
The disruptions cause ripple effects across several other container freight routes, particularly from Asia to the east and west coasts of South America, Maersk’s spokesperson said, adding that the Red Sea situation was complex and continued to evolve Disruption to Red...
Hinduja group’s IIHL to revive health insurance company after acquiring Reliance Capital
Ashok Hinduja, chairman, IndusInd International Holdings IIHL has received clearance from Sebi, CCI (Competition Commission of India) and RBI and is awaiting the green signal from insurance sector regulator IRDAI for the Reliance Capital acquisition Mumbai: Apart from...
Oral cancer costs India $5.6 Billion in lost productivity in 2022: Tata Memorial Centre
India contributes two-thirds of the global mortality due to oral cancer and has a younger population at risk, said the study, which analysed how the disease affected 100 patients treated between 2019 and 2020 with a follow-up of 36 months Mumbai: A study by the Tata...
Chubb to pay $350 million to Maryland govt for Baltimore Bridge collapse
Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims Grace Ocean Private Ltd., the owner of the Dali container ship that hit the bridge, and its manager Synergy Marine Pte petitioned to limit their liability to a maximum of $43.6...