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Shippers ask to end contracts with Russian-backed refiner Nayara, sources say
India-based Seven Islands Shipping Ltd and Great Eastern Shipping...
Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the...
Total global reinsurance capital shrinks 12% to $638bn in 2022:Gallagher Re report
The drop in capital was driven by a decline in the value of investments. There was also a conspicuous absence of new capacity, despite the potential attraction of much tightened pricing and terms and conditions Perhaps most notably, for the first time in the past ten...
Howden accelerates growth in the Gulf with the establishment of Howden Bahrain
Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board, said: “In line with the Financial Services Sector Development Strategy under the Kingdom’s Economic Recovery Plan which outlines an overall...
Kotak General Insurance partners with actyv.ai for providing MSME cover
Mumbai: Kotak Mahindra General Insurance (Kotak General Insurance) on Wednesday has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro,Small and Medium Enterprises (MSME) companies. Jagjeet Singh Siddhu, Head of Multiline Business, Kotak...
India reports 4, 435 coronavirus cases in 24 hours, highest in past six months
In the wake of rising COVID-19 cases in India, Union Health Minister Mansukh Mandaviya on Monday said that Omicron's sub-variant which is circulating in the country has not led to an increase in hospitalisations and there is no need to worry. New Delhi: A total of...
NHAI to provide hospitalisation insurance cover to road accident victims on all four arms of the Golden Quadrilateral stretch: Gadkari
Road Transport and Highways Minister Nitin Gadkari Replying to a separate question, Gadkari said the National Highways Authority of India (NHAI) has envisaged a cashless treatment facility on all four arms of the Golden Quadrilateral stretch -- Delhi-Mumbai,...
Automobile retail sales see double-digit growth in FY23; PV offtake at record high
The two-wheeler segment fell to a seven-year low with total retail sales of 1.59 crore last year. On sales outlook for the current fiscal, the industry body noted: ''As the high-growth period has now passed, FY24 is expected to see tapered growth in the low single...
UN maritime agency raises concerns about shadow oil tanker fleet
Countries including Spain, Australia, the U.S. and Canada are part of a push at the IMO to increase oversight of the murky activities in oil trading that have emerged within the last year. Russia’s invasion of Ukraine — and subsequent sanctions by Western governments...
April 1 renewals: Reinsurers maintain discipline, focus on pricing and contract improvements, Gallagher Re
``Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...
Air India escapes premium hike in hard Apr 1 renewal, Tata AIG Gen replaces New India as lead insurer for the cover
With a good track record, AI has managed to hold on to the last year premium of $30 million After a year of ownership of Air India, Tatas have preferred to make their own subsidiary Tata AIG General insurance as the lead insurer for the airlines by giving larger...
China cuts medical benefits for seniors due to cash shortage
In the longer term, the "grey hair movement" is indicative of a fundamental issue facing the Chinese government, how to care for a rapidly ageing society where 400 million people, or 30 per cent of the population, will be 60 or older by 2035. China's public health...