“Together, DFC and Chubb have identified several American insurance...
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Shipping in Straits of Hormuz halted due to safety concerns, not insurance,says IUA chief executive
“Most prominent is shipping in the Straits of Hormuz where trade...
Drone strikes near Dubai airport deepen Gulf aviation chaos
The U.S.-Israel war against Iran has led to tens of thousands of...
US insurance broker stocks pummeled on AI disruption fear
Insurify’s app uses ChatGPT to compare auto insurance rates using details about the vehicle, the client’s credit history, driving record and other inputs. The company said the app launched on Feb. 3. US insurance broker stocks were pummeled Monday as the launch of an...
Parli Thermal Power Station asked to stop operation of 2 units for non-compliance of pollution norms
Parli Thermal Power Stations (PTPS) had not conducted the annual mandatory third-party safety audits of its ash dykes since 2019. The ash dyke areas were accessible to illegal excavators which can lead to serious environmental hazards, the letter said, adding that...
Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with US’s IDFC
Greg Case, president and CEO of Aon The facility, which will provide reinsurance coverage from DFC on a portfolio of war risk insurance policies up to $100 million, will enable KNIAZHA VIG to deliver comprehensive, innovative war-risk insurance solutions to SMEs and...
Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said, “Public-private insurance programmes can’t just be passive shock absorbers that pay out after disaster strikes. To remain viable in a world of escalating risks, they must become resilience engines –...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused on leveraging our risk selection capabilities to drive profitable, high-quality growth. Going forward, the Indian general insurance (non-life) sector is expected to grow at more than 8 per cent in...
In a competitive pricing environment, SCOR grows its P&C portfolio selectively, seizing profitable opportunities while maintaining a strong underwriting discipline. During the January 2026 P&C renewals, SCOR delivers EGPI1 growth of 4.7% for traditional...
Insurance rates in India, Middle East and Africa decline in Q42025: Marsh’s Global Insurance Market Index
Property rates in India experienced decreases between 15% to 25%.Catastrophe-exposed and high-hazard sectors (chemical, food, waste, recycling) faced declines of up to 20% in India; insureds in other regions generally saw declines of 10% to 15%.Cyber insurance rates...
Zurich Insurance set to take over Beazley for $11 billion
Beazley’s board “has concluded that the financial terms of the proposal are at a level that it would be minded to recommend” to its shareholders, according to the joint statement. “Zurich looks forward to commencing its confirmatory due diligence on Beazley and...
Space Insurance:Govt prepares policy framework for covering 3rd party damages due to Indian Space Objects
A draft “Policy framework and guidelines addressing State’s Liability towards third party damages arising due to Indian Space Objects”, is presently undergoing various consultations, which envisages, among others, the third-party liability insurance to be maintained...
Pradhan Mantri Fasal Bima Yojana: Losses by wild animals as add on cover allowed at cost of state government
The Pradhan Mantri Fasal Bima Yojana (PMFBY), introduced in the country from 2016-17 is providing comprehensive risk insurance against crop damage due to non-preventable natural risks from pre-sowing to post-harvest for the crops/areas notified by the concerned State...