In 2024, global temperatures reached 1.5C for the entire year, the...
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Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy
“Imports need ships which are not sanctioned, insurance which takes...
India sixth-most severely-affected country by extreme weather from 1993 to 2022: Report
India experienced more than 400 extreme weather events in the three...
Lloyd’s of London AGM goes virtual on activist threat
Since Lloyd’s sent out invitations for the May 19 AGM on April 19, “the risk of disruption has significantly increased,” Chairman Bruce Carnegie-Brown said in a notice on the market’s website dated May 10 London: Commercial insurance market Lloyd’s of London is...
Howden acquires Singapore based AEGIS Insurance Agencies Pte
Goh Chye Huat, CEO, Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our...
40 digital health service applications integrated with Ayushman Bharat Mission
R S Sharma, CEO, NHA said, "We welcome the health tech innovators who are actively coming forward to become a part of the ABDM ecosystem. In the last seven months of the launch of ABDM, a growing number of popular user applications have integrated with the digital...
AXA, Unilever to join new 1 bln euro regenerative agriculture fund
The companies each aim to invest 100 million euros into the fund They said they signed a memorandum of understanding to establish a new private equity "impact" fund dedicated to enhancing biodiversity and mitigating climate change by scaling up regenerative farming,...
Insurance Protection: Rising inequality in advanced markets take $ 252 billion toll
Guido Fürer, Group Chief Investment Officer of Swiss Re said,"There is a growing opportunity for private capital to make a positive impact on inequality. Until now, the "S" in ESG, which refers to social aspects such as diversity, inclusion and equality, has been an...
Aircraft lessors gird to battle insurers over Russia jet default
The largest claim has been made by AerCap , the world's biggest aircraft lessor, which has submitted a $3.5 billion insurance claim for more than 100 jets Few can say how the looming battle between lessors and insurers will play out. S&P Global has forecast a...
Cyclone Asani weakens as it approaches Andhra coast
According to the weather office, the cyclone could damage thatched huts, cause minor damage to power and communication lines, harm paddy and other standing crops in Krishna, East and West Godavari, and Vishakhapatnam districts of Andhra Pradesh, and Yanam in...
Finmin invites applications for CVOs in PSU banks, insurers
CVO position would also fall vacant in New India Assurance Co and GIC Re shortly New Delhi; The finance ministry has invited applications from eligible candidates for the position of Chief Vigilance Officers (CVOs) in various public sector banks and insurance...
Cyclone Asani: Several flights delayed, cancelled due to bad weather
Visakhapatnam: The India Meteorological Department (IMD) on Tuesday predicted rainfall and strong winds for three states; Andhra Pradesh, Odisha and West Bengal Visakhapatnam International Airport director Srinivas said that IndiGo has cancelled 23 flights, both...
Shipping losses fall, but Ukraine war, costly issues with large vessels muddy the waters: Allianz
“The insurance industry is likely to see a number of claims under specialist war policies from vessels damaged or lost to sea mines, rocket attacks and bombings in conflict zones.Insurers may also receive claims under marine war policies from vessels and cargo blocked...