The industry continued to benefit from the tailwinds of GST 2.0...
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$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market
The vast majority of the $2.8 billion will be absorbed by the...
US not to lift naval blockade of Iran’s ports till Tehran agress to end its nuclear program:Trump
President Donald Trump The blockade lies at the heart of the...
Insurance issues hinder timely bariatric and metabolic surgery: Survey
"When patients cannot undergo bariatric surgery on time because of insurance delays, their disease continues to progress. Months are lost waiting for approvals, and during this period their metabolic, hormonal, and cardiovascular health often worsens," former OSSI...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance for ships covered by companies that are not members of the International Group (IG) to ensure that forged documents are not provided to Indian port authorities for berthing NEW DELHI: A...
Africa Specialty Risks launches Syndicate 2454 in South Africa
Commenting on the launch of Syndicate 2454 in South Africa, Mikir Shah, chief executive officer, ASR said: “South Africa has always been and remains a key market for us, and this launch allows us to write risks directly in the market, ensuring we’re close to our...
New India pays Rs253.44 crore of dividend to government for FY25
Lto R-Kasturi Sengupta,executive director(ED), Girija Subramanian, CMD, Nirmala Sitharaman, Finance Minister, Smita Srivastava, ED, Shwetha Rao,director, Department of Financial Services, at the dividend handing over ceremony of New India Assurance in New Delhi on...
Heavy rainfall unleashes deadly floods across Southeast Asia
Total number of confirmed dead in Vietnam is now 91.Flooding in southern Thailand has killed at least 13 people and swamped around 800,000 households and rubber- and palm oil-producing areas. In Peninsular Malaysia, more than 16,000 people have been displaced, while...
Sitharman meets trade unions for pre-budgetary consultations
The unions demanded that the government must withdraw the proposal permitting 100% FDI in the insurance sector and stop the privatisation of Life Insurance Corporation and the four PSU general insurance companies New Delhi: Finance Minister Nirmala Sitharaman has met...
Blackstone owned Ace Insurance Brokers make 3 sr level appointments
Blackstone owned Ace Insurance Brokers has made three senior level appointments. The company has appointed Arvind Laddha from Mercer as president. Puneet Kumar, former CFO at Insurance Dekho has joined the company as CFO.Puneet Khurana,previously group head of HR at...
95 pc families of AI 171 crash received interim compensation, says Air India CEO
About 70 of the families have also received the ex gratia payment from the AI 171 memorial trust, with another 50 or so in the process of being dispersed, and we continue to reach out to the families of those affected, both as Air India and as Tata Sons, to offer the...
Tankers rate hit new high amid US sanctions
Figures from analytics firm Kpler suggest that close to 48 million barrels of Rosneft and Lukoil crude — mostly Urals and ESPO grades — are currently in transit or beginning to load. That includes roughly 50 tankers pointing toward China and India, but also others...
Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government Directory (LGD) codes, creating a unified, verifiable database for rural identification. Through the Bima Gram API, insurers can now simply enter a customer’s postal PIN code to retrieve the corresponding...