"The passage through the Red Sea, even via the longer Mediterranean...
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Saudi Arabia unveils plans for multinational maritime defence coalition
The coalition would strengthen maritime security, safeguard...
Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry,...
GIC Re Q4 profit rises 3% to Rs 2,254 crore with underwriting profit, pays dividend of Rs 13.25 per share
GIC Re's Combined ratio improved marginally to 103.43 per cent in Q4FY26 from 103.56 per cent a year earlier “On the back of disciplined underwriting, consistent execution, and our strategic approach, we hope and believe that we will continue to improve and perform to...
US launches new strikes as talks stall,Iran says strikes violate ceasefire
Marco Rubio,U.S. Secretary of State Following strikes against targets that the U.S. said included boats attempting to lay mines and missile launch sites, U.S. Secretary of State Marco Rubio told reporters on his plane in India's Jaipur that the Strait of Hormuz had...
Swiss Re appoints market heads in different regions
Rafael Schneider,Market Head, Germany, will become Market Head Mediterranean & Middle East.He will be succeeded in this role by Kristina Franke. Zurich:Following last month's announcement about Anna Ziswiler's move to Asia, Swiss Re has announced the new market...
Aon appoints Christian Hoffman as global CEO of Commercial Risk
Christian Hoffman, Global CEO, Commercial Risk, Aon In this role, Hoffman will lead Aon’s global Commercial Risk business, advancing the firm’s strategy to help clients navigate increasing volatility by connecting their complex risk needs with the most efficient forms...
Iran would open Strait of Hormuz 30 days after peace deal
The United States is close to reaching a deal with Iran that would end the war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium, regional officials told The Associated Press on Sunday, though U.S. President Donald Trump said...
Sitharaman reviews growth of GIFT City as global financial hub
From Lto R-PK Mishra,Principal Secretary to the Prime Minister;Nirmala Sitharaman,Union Finance Minister, Harsh Sanghavi, Deputy Chief Minister of Gujarat, at a meeting at GIFT City GIFT City today hosts more than 1,150 entities operating across financial services,...
West Asia Crisis:In a first New India unveils War Cover for India Inc with its Fire policy
`By introducing this dedicated add-on, which integrates with our “Bharat Laghu Udyam Suraksha “and “Business All-Risk Flexi Suite”,we are filling a vital protection gap for large-scale industrial units and infrastructure projects,complementing on our War Cover in a...
Iran in talks with Oman on permanent Hormuz toll framework
Now, Iran has expanded its claimed area of jurisdiction and set out new rules for vessels seeking to transit the waterway, which is roughly 24 miles (39 kilometers) wide at the narrowest point. That involves seafarers dealing with a new body called the Persian Gulf...
Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
Iran imposes checks, fees in Hormuz
New Delhi uses its embassy in Tehran to liaise with Iranian authorities, including the IRGC and the Iranian navy, which vets ships India wants to sail out of the Gulf, according to an Indian shipping ministry official. For many vessels, the route out of the Gulf and...