Asked about initial payments being offered by Air India to the...
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Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the...
Adani stops accepting sanctioned vessels at its ports, sources say
"To safeguard the legal and commercial interests of the Port, we...
Next wave of life expectancy gains is on the horizon, says Swiss Re report
Life expectancy improvements typically come in waves following major medical breakthroughs or large-scale social trends, such as smoking cessation. In the twentieth century, pharmaceutical innovations which lowered blood pressure and cholesterol triggered a steep...
Panama Canal imposes shipping restrictions to cope with worsening drought
The largest vessels will have to reduce their drafts — how low they sit in the water — by carrying less or cutting the weight of their cargoes as of May 24, followed by another decrease that kicks in on May 29. Some major ocean carriers have also announced new fees...
MS Amlin strengthens Natural Resources team with claims expertise
With more than a decade of industry experience, Erman brings substantial claims-handling expertise. Specialising in marine and energy, he has a reputation for handling and resolving large, complex claims LONDON: MS Amlin, the Lloyd’s global (re)insurer, today...
Canopius launches first digital asset custody product on Lloyd’s Asia platform
Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...
ASPEN appoints Tay Boon Chuan as head of Singapore
Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...
India is developing programmes to reduce risk of losses from all hazards: PK Mishra
P K Mishra, Principal Secretary, PMO India has significantly increased funding earmarked for disaster risk reduction and has brought about landmark changes in its financing architecture to support the entire spectrum of disaster risk management needs – disaster risk...
Ukraine Black Sea grain deal extended for two months
Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea export deal. They authorize and inspect ships. No new vessels have been authorized by the JCC since May 4 The Ukraine Black Sea...
Panda meets insurers, sets Aug 1 deadline for Health Exchange and Bima Sugam
Debasish Panda, chairman, IRDAI Raising the overall budget for Bima Sugam to Rs 200 crore from around Rs 85 crore, Irdai now plans to go for requests for proposals (RFPs) soon to appoint a service provider for the platform. The service providers will be the...
ICICI Lombard partners with actyv.ai for SME solutions
ICICI Lombard will collaborate with actyv.ai to design comprehensive insurance offerings for the entire supply chain ecosystem, encompassing distributors, retailers, and suppliers Mumbai: ICICI Lombard General Insurance, India's second largest general insurance...
Post-pandemic world economy still feeling COVID-19’s sting
Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition to the ever-worsening impact of climate change, the report found UN: Prospects for a robust global economic recovery remain dim...