Maritime security sources said even though shipping companies must...
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Miller launches Korean marine team with four senior hires
David Kim, Head of Korea at Miller, added,``We expect to expand...
US hurricane losses could surge by 50% under 2°C global warming, MS Amlin study warns
The findings come as the industry grapples with an intensifying...
Aon launches dedicated unit to drive climate analytics and advisory into multiple sectors
More than 400 natural catastrophes caused $313 billion of damage worldwide in 2022 As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk. Aon's Climate Risk Advisory to help clients meet their reporting...
Chola MS records profit before tax of Rs 264 crores in Fy23
V. Suryanarayanan, managing director, Chola MS, said, In FY 2023-24, Chola MS will continue to grow ahead of industry to step up on its present market share of 2.87% amongst multi line players.'' Chennai: Cholamandalam MS General Insurance Company Ltd (Chola MS), a...
Bansal to replace Sourav Mishra in NIC and NIA
The government has nominated Mukesh Kumar Bansal, the new joint secretary in Department of Financial Services (DFS) on the board of Kolkata based National Insurance Company(NIC) with immediate effect in place of Saurabh Mishra, who quit his job earlier. Bansal will...
Govt amends power policy draft to halt new coal-fired capacity: Reports
India, whose proposed coal power capacity is the highest after China, had repeatedly refused to set a timeline to phase out coal, citing low per-capita emissions, surging renewable energy capacity and demand for inexpensive fuel sources India and China account for...
Reliance shareholders, creditors approve demerger of financial services arm
The financial services arm will now be renamed to Jio Financial Services Limited and will undertake a host of financial services including setting up a life insurance as well as one general insurance company and the shareholders of Reliance Industries will receive one...
El Nino likely to return this year, fuelling global temperatures – WMO
"El Nino will fuel the temperature globally," he said. "We feel the effect of El Nino temperatures globally with a slight delay" The El Nino weather pattern is likely to develop later this year and could contribute to rising global temperatures, the World...
Maha: Court awards Rs 1.19 cr compensation to family of man killed in road accident
MACT member M M Walimohammed, in the order passed on April 25, directed Gulnar Plastics Pvt Ltd at Silvassa, the owner of the offending vehicle, and its insurer Tata AIG General Insurance Company Ltd, to jointly and severally make the payment of Rs 1,19,64,400 to the...
General insurers can now issue 30-yr fire policies
Hyderabad: The general insurers will now be allowed launch 30 -year fire insurance policies. Taking in to consideration the need for long-term coverages in fire Insurance products, , it is proposed to permit general insurers offer “long-term products” covering Fire...
Burning oil tanker off Malaysia raises safety concern about shadow fleet
A vast shadow fleet of aging tankers has been enlisted to carry sanctioned oil across the globe, raising questions about safety and insurance standards Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a...
Credit Suisse AT1 bondholders who lost $1.7 billion in UBS Deal file lawsuits
The latest claims mean that investors representing more than a third of the $17 billion in AT1 bonds issued by Credit Suisse have now sought to get their money back. US law firm Quinn Emmanuel last month filed a claim in Swiss court representing more than 400...