Air India had renewed its mega $20 billion insurance policy with...
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With India push, global commercial aircraft fleet size to double to almost 50,000 planes over the next 20 years
The global in-service fleet will swell by 24,480 units to 49,210...
Missiles, drones and proliferating conflict zones increasing burden on airline operations and profitability
Airlines are racking up costs and losing market share from canceled...
Australia sees spike in cyber attacks from criminals and states
Business losses attributable to cyber crime rose on average 14% over the period, with the average crime costing a small business A$39,000 ($24,540) Cyber attacks against Australia from criminals and state-sponsored groups jumped last financial year, with a government...
IRDAI nixes Fairfax move raising its stake to 74% in Go Digit, deal would make company richer by $375 million
Prem Watsa, Chairman and Chief Executive Officer, Fairfax Fairfax currently owns 45. 3% in Go Digi Infoworks, which has 83% stake in the Go Digit General Insurance company. In June 2022, Digit Insurance and Fairfax had applied to the IRDAI for approval to convert the...
ICICI Gen Insurance awarded patent for its IoT based device protecting properties from electrical hazards
``With this patent approval of an IoT-based - system, we aim to provide not just insurance covers to our customers but also ensure their safety and prevent hazards. This device will serve as a new-risk solution for customers and having introduced several innovative,...
China’s zero covid policy fails miserably as new cases of viruses found everyday: Report
According to Africa Daily Digital, at least 31 cities in China are under lockdown, which has affected over 232 million people's lives. The Universal Resort in Beijing too has been shut down as fresh cases of Covid are rising in the capital city Beijing: Chinese...
Reliance Capital lenders to meet on today to decide on Challenge Mechanism
Some bidders have raised concerns with the Administrator about the introduction of this new clause at this late stage of the bidding process, sources said, adding there was no mention of this mechanism in the Request for Resolution Plan (RFRP) document These bidders...
Lloyd’s Syndicate Ascot resumes cargo cover for Black Sea grain shipments
“In response to today’s news, the Ascot-led ‘AsOne’ facility is quoting again, effective immediately, and we have already issued quotes this morning,” Chris McGill told Reuters by email Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance...
Gen Z & millennials made nearly 70% calls to AXA’s 24X7 free mental health helpline in India
The maximum number of calls were recorded from the 21-30 years age bracket (30%), followed closely by the 31-35 years age bracket (22%) and the 36-50 years age bracket (17%) Of the calls answered by the helpline over the past 6 months, the majority calls were from...
ESG will increasingly influence insurers’ strategies: Fitch
Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...
Ukraine grain export deal back on track as Russia resumes participation
The grain deal, originally reached three months ago, had dispelled a global food crisis by lifting a de facto Russian blockade on Ukraine, one of the world’s biggest suppliers. The prospect that it could fall apart this week had revived fears of global hunger and...
Reliance Capital bidders raises multiple legal issues involving Rs 20,000 cr financial implication
A spokesperson of WTW has clarified,`` We have come across media reports that mention Willis Towers Watson having done the valuation of Reliance General Insurance. The reports also mention a valuation amount. We would like to clarify that these reports are inaccurate...