Shefali Sehwani, country manager & CEO, Lloyd's India...
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Delhi tribunal awards over Rs. 1.62 crore to 21-year-old man injured in road accident
The tribunal awarded him a compensation of over Rs. 1.62 crore...
Surging oil tanker insurance points to growing Black Sea chaos
Underwriters are now charging about 1% of the value of a ship for...
India’s wheat, rapeseed ravaged by rain just before harvesting
"The entire wheat crop has been flattened due to heavy rainfall and hailstorm. It was nearly mature, and we could have harvested it in two to three weeks," said Mukesh Kumar, a farmer from Uttar Pradesh, the country's largest producer of the grain Untimely rainfall...
War risk insurance premium through Red Sea remained stable despite the sinking of the cargo ship
Insurance industry sources said that war risk premiums being quoted for Red Sea voyages had remained around 1% of the value of a ship for some weeks – compared with around 0.5% before the attacks started – with various discounts applied by underwriters The cost of war...
Malaysia may renew search for lost MH370 decade after it vanished
MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia and headed out to sea Malaysian authorities are considering...
Aon appoints its Asia CFO Rishi Mehra as India chief
Rishi Mehra, India chief, Aon Working closely with Jon Pipe, CEO and principal officer of Aon India Insurance Brokers and Nitin Sethi, CEO of Aon Consulting Private Limited, Mehra will bring together the collective capabilities across Risk, Health,Wealth and Talent...
Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...
Telangana govt rejoins PM Fasal Bima Yojana scheme to safeguard farmers
A Revanth Reddy,Chief Minister, Telanngana ''The state government adopted the Pradhan Mantri Fasal Bima Yojana (PMFBY) again to safeguard the farmers from the hardships in farming,'' a state government release said Friday night Hyderabad: The Telangana government has...
Sebi clears Fairfax-backed Digit’s IPO after delay
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its IPO to prospective investors over the next month and targets a listing by May, said a person with direct knowledge of the matter It plans to raise Rs 12.5 billion rupees ($151 million) through its...
AM Best’s first ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)
Although the company’s five-year average combined ratio was 104.8%, it has consistently outperformed the domestic general insurance market in India SINGAPORE: Announcing its ratings for the first ever Indian private sector general insurance company, international...
12.5 mn children, teens in India obese in 2022: Lancet study
The impact of issues such as climate change, disruptions caused by the COVID-19 pandemic, and the war in Ukraine risk worsening both rates of obesity and underweight, by increasing poverty and the cost of nutrient-rich foods," said Guha Pradeepa, study co-author from...
ICICI Bank buys 25 lakh shares to make ICICI Lombard Gen Insurance subsidiary co
The move follows a May 2023 resolution by the bank's board to increase the bank's holding ICICI Lombard by another 4 per cent in multiple tranches Mumbai: Private sector lender ICICI Bank on Thursday said it has bought an additional 25.14 lakh shares of ICICI Lombard...