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Aon appoints Jane Drummond as global chief commercial officer
Jane Drummond, global chief commercial officer-designate Currently,...
Hormuz shuttles keep oil flowing, but at a high cost
Ship-to-ship (STS) transfers have become a vital lifeline for Gulf...
US, Iran inch closer to deal, timing remains unclear
Trump wrote on Truth Social that after a framework deal is signed, the Strait of Hormuz, a vital artery for global oil supplies that Iran has blocked, would immediately be "open to all." WASHINGTON/DUBAI: U.S. and Pakistani leaders forecast a Sunday signing of a...
IRDAI:Govt appoints Girija Subramanian as member, Distribution, Dinesh Pant as member, Actuary
Girija Subramanian, CMD, New India Assurance Besides, the tenure of the two existing members – Deepak Sood(Non-life) and Rajay Sinha(Finance and Investment) have been extended by two more years from the date of their retirement till thet reach 65. Dinesh Pant,...
Road accidents in India claimed 1.77 lakh lives in 2024
Amongst states, the report said Tamil Nadu reported the highest number of accidents at 67,526, whereas Uttar Pradesh (24,118) reported the highest number of accident fatalities during 2024. New Delhi:The number of road accidents in India went up by 1.48 per cent to...
Indian investigators expected to delay issuing a final report on Air India Boeing 787 crash in Ahmedabad
Meanwhile, the Federation of Indian Pilots (FIP) on Thursday renewed its demand for a judicial probe into the AI-171 crash and urged authorities not to release any interim investigation report, saying it would create further confusion and speculation. New Delhi:...
Saudi Re appoints Ruchi Jain as Principal Officer GIFT City, India Branch
Saudi Re, after setting up its operations in GIFT-IFSC, has appointed Ruchi Jain as Principal Officer GIFT City, India Branch. Jain was working with Swiss Re before joining Saudi Re and brings over 18 years of extensive experience in the insurance and reinsurance...
Aon appoints Steve Dando chief broking officer for Global Broking Center
In partnership with Aon teams around the world, the GBC provides insight-driven risk transfer advice, advanced placement solutions, proactive market insight and claims expertise to drive enhanced outcomes for clients. Dublin:Aon plc today appointed of Steve Dando as...
Homemakers are “nation builders”: SC says loss of wife’s domestic care should be monetised at Rs 30K
“We are also of the view that the housewife contributes to the growth of the human being and the nation. The homemaker builds nation. So we have laid down the principles, and as a nation builder, we have housewife, we have quantified the amount that the loss of...
Iran declares Hormuz closed to all vessels after US strikes
"Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships.Any vessel attempting to transit the strait will be targeted," the IRGC said Iran's Islamic Revolutionary Guard...
NIA rolls out India’s first Motor insurance war risk protection solution
"The Motor War Risk Add-On Cover is designed to bridge a critical protection gap by offering insurance protection against direct physical loss or damage to the insured vehicle arising from war-related events. The cover can also be availed for motor insurance policies...
Commercial vessel attacked off Oman: 3 Indian crew missing
The US Central Command acknowledged the strike on the vessel saying it violated the ongoing US blockade of the Iranian ports by attempting to transport oil from Iran. New Delhi:India on Wednesday summoned the United States charge d'affaires to strongly protest a US...