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10 hydropower projects damaged in Nepal floods, no significant effect on power export
In a statement, Independent Power Producers Association Nepal...
Insurance cost surge for commercial ships sailing past Yemen’s Houthi militants
Shipowners now have to pay about 1% of a ship’s value if they want...
Markel International appoints Rohan Davies to lead a combined wholesale marine and energy division
The wholesale operation, headed by Andrew McMellin, is seeing significant growth and remains on track to achieve its ambitious goal of being a US$2bn (GWP) player by 2025, as part of Markel’s global insurance operation’s previously disclosed goal to reach $10 billion...
Passenger vehicle wholesales surge 92% in Sep on robust festive demand
Passenger vehicle (PV) dispatches from factories to dealerships in September 2021 stood at 1,60,212 units In the September quarter, PV sales increased by 38 per cent to 10,26,309 units, as against 7,41,442 units in the similar period of the last fiscal New Delhi:...
Net-zero: India can create 37 million additional jobs by 2050 through planning and investments, says Swiss Re
Paul Murray, CEO Reinsurance Asia at Swiss Re India is vulnerable to weather risks and its adaptive capacity for climate change is low when measured against the Swiss Re Institute's Climate Economics Index, which ranks India 45th (out of 48 markets), with only the...
Andrew Carrier appointed as Chief Executive Officer of MS Amlin Underwriting
Prior to his role at MS AUL, Carrier spent six years at Everest Re, where he was responsible for the firm’s London Market, Continental Europe, and Asia Pacific reinsurance operations London: MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, announced...
Global experts to participate in “Aviation Insurance Symposium” hosted by Global Insurance Brokers tom
Currently, seven active insurers led by New India Assurance and reinsurers led by GIC Re are proving a Hull capacity of over $ 75mn and liability cover of over $ 400mn Mumbai: India not only has seen its aviation market expanding fast, also has emerged as the...
EU’s Dec 5 Russian oil sanctions are already hitting nation’s trade
The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo still on the water after that date will no longer be covered by a European underwriter or reinsurer. European Union sanctions on Russian oil might still be...
Telangana Health Minister distributes Aasara Pension Cards to dialysis patients
Harish Rao, Telangana Minister for Finance, Health, Medical and Family Welfare said that Aasara pensions are being given to five thousand dialysis patients across the state Hyderabad: Telangana Minister for Finance, Health, Medical and Family Welfare T Harish Rao, on...
Unseasonal rains are impacting small farmers; govt’s crop insurance scheme provides protection: Tomar
Union Agriculture Minister Narendra Singh Tomar According to him, farmers have security cover as they get compensations under the crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) New Delhi: Agriculture Minister Narendra Singh Tomar on Wednesday said...
Wage Revision: FM clears 12% salary hike with 5-yr arrears for PSU GI industry
Finance minister Nirmala Sitharaman Sources in the industry inform that Sitharaman,who had refused her final approval to the wage hike proposal unless unions of the PSU GI industry agree for the “Performance Linked Future Wage Revision’’, had changed her mind to...
Odisha starts prepping for upcoming ‘cyclone season’
''Odisha usually witnesses the wrath of cyclones during the withdrawal of monsoon in October and November. Odisha's geographical situation and climate change have also caused cyclones during the summers since 2019,'' . Bhubaneswar: The Odisha government has asked its...