The insurers that have been granted forbearance and are scheduled...
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Atlantic Hurricane season remains most Tranquil since 1941
The tranquil Atlantic is good news for the millions of people who...
Data Centres: Global investment boom could create USD200 billion commercial insurance opportunity amid rising accumulation risks, says Swiss Re
Gianfranco Lot, Swiss Re's Chief Underwriting Officer P&C Re,...
Lohiya launches New India’s first sovereign-backed P&I cover under BMIP, war risk prm falls 35-40%
L to R: Debasish Prusty, additional secretary,Department Financial Services , Sanjay Lohiya, secretary,DFS, Shyam Jagannathan,director general, Shipping*extreme right) in an event in New Delhi on Thursday In an event in New Delhi, Sanjay Lohiya, secretary, Department...
Global CAT losses at nearly $112bn, only $44bn insured: Munich Re
Thomas Blunck,Member of the Board of Management. The first half of the year has provided a welcome breather from previous years of high natural disaster losses. But climate change and growing exposure persist, increasing the risk of larger losses in the future. The...
New India Assurance insures Skyroot’s Vikram-1 space mission
``We have the privilege of insuring Skyroot’s Vikram-1 mission. As India enters the new space era with private launch providers, NIA is extending its expertise to the commercial space ecosystem. The successful orbital mission of Skyroot Aerospace and deployment of...
Willis urges smarter data centre insurance buying as capacity demand nears $15billion
"Buying more insurance is not always the same as being better protected. When risks are properly modelled, understood and mitigated, clients can build more efficient, resilient insurance programs that reflect their actual exposures. This is especially important where...
IRDAI grants license to ProTec General Insurance, approves key reforms
To further strengthen policyholder protection, the IRDAI has also approved amendments to the regulations governing insurance intermediaries.A key reform is the mandatory tagging of the authorised sales person to every insurance proposal, policy and certificate of...
Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global
S&P Global said daily traffic through the Bab el-Mandeb remained subdued, recording 32 vessel transits on July 26 after 26 on July 25 and 36 on July 24. The decline coincided with reports that several major insurers had suspended war-risk cargo cover for...
Tankers divert to Egypt as Houthi threat disrupts Red Sea
Over the past week, only Chinese ships and vessels owned by countries friendly with Iran have continued to transit Bab el Mandeb, while western tankers and more risk-averse Asian shippers have opted for the costlier and longer route via the Suez Canal. Empty...
Iran proposes temporary Hormuz plan giving itself greater control over transit lines
Deputy Foreign Minister Kazem Gharibabadi said Tehran rejected an Omani proposal for an equal division of transit routes between the two countries, saying such a plan did not address Tehran's security concerns until long-term regional stability is achieved. DUBAI:...
Major quake hits southern Japan, workers missing after mall blast
“We have already been informed that people have been injured. Power outages and fires have occurred in some areas, and there has also been damage to roads and bridges and the collapse of buildings,” Japanese Prime Minister Sanae Takaichi said. A 7.1-magnitude...
French and Spanish firefighters battle wildfires for a sixth consecutive day
Spain’s fires were fueled by a combination of weather, mainly because the country suffered three heat waves between June and mid-July, depleting soil moisture, along with denser-than-usual vegetation following an unseasonably rainy winter. Similar reasons are being...