The new bill, named the Sustainable Harnessing of Advancement of...
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Cabinet nod for Bill seeking to open up civil nuclear sector for private participation
To facilitate the implementation of the Nuclear Energy Mission,...
AM Best revises New India’s outlooks to positive
The Credit Ratings reflect New India’s balance sheet strength,...
Exports from Kolkata port may be hit due to soaring freight rate rice ban geopolitical turmoil
"Freight costs have soared to USD 400-500 per 20ft container and USD 600-700 for 40ft container shipments to the UK," Debojyoti Basu, vice-president of the Calcutta Customs House Agents' Association Kolkata: Exports from Kolkata port, a gateway to eastern India, are...
Oil tanker on fire in Gulf of Aden after missile attack by Houthis
THe US Central Command said its forces had conducted a strike at 3:45 local time on Saturday "against a Houthi anti-ship missile aimed into the Red Sea and which was prepared to launch". They "destroyed the missile in self-defence," CentCom said London: An oil tanker...
New UN database to help countries tap climate ‘loss and damage’ fund
Given the limitations of current databases, UNDRR is collaborating with the World Meteorological Organization (WMO) and the United Nations Development Programme to create a new global "disaster losses and damages" tracking system. It will replace the existing UNDRR...
Sunil Sharma takes over as CEO of RGA’s India operations
Sunil Sharma,CEO, RGA, India Sunil Sharma, a qualified actuary, holds more than 30 years of experience in insurance and reinsurance markets globally and was the president, chief actuary, and chief risk officer at Kotak Life most recently Hong Kong: Reinsurance Group...
ANALYSIS-Too hot to party? Extreme temperatures threaten live music shows
Crowd safety experts and outdoor event organizers are exploring ways to protect performers and fans from the growing threat of extreme weather, after global warming neared an internationally agreed limit of 1.5 degrees Celsius last year By Diana Baptista MEXICO CITY:...
MS Amlin completes world-first Singapore ILS renewal
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also exploring other Singapore-based risk transfer solutions to support global investors, increase insurance capacity in Asia, and help close the region’s insurance protection gap” SINGAPORE: MS Amlin, the...
Reinsurers’ underwriting margins to peak in 2024,says Fitch
Fitch also forecasts an improvement in underlying profitability for the global reinsurance sector in 2024 on continued strong underwriting margins and rising investment income, and is maintaining its improving fundamental sector outlook Frankfurt /Chicago: Reinsurers’...
Red Sea turmoil sends economic shockwaves far and wide
According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
‘Israel-Hamas conflict spillover to region through shipping attacks has impact on India’
Courtsey-FOX News The conflict’s impact on the safety of commercial shipping in the Indian Ocean “has a direct bearing on India's own energy and economic interests”, Deputy Permanent Representative R. Ravindra said on Tuesday at a high-level meeting of the Security...
Moody’s RMS partners with insurtech Alwrite to provide quick quotes to Indian insurers
“ Offering simplified and efficient integration, Moody’s RMS Location Intelligence API solution combines our strength in catastrophe modeling with the latest technology, to deliver risk data into the heart of the innovative Alwrite platform'' Alok Kumar, managing...