"In 2025, global and regional geostrategic tensions remain a key...
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‘All Crew Muslim’: ships look to dodge Red Sea attacks with messages
Maritime security sources said even though shipping companies must...
Miller launches Korean marine team with four senior hires
David Kim, Head of Korea at Miller, added,``We expect to expand...
Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions
The employee unions are also opposed to the idea of insurers distributing insurers to distribute other financial products as it may distract the companies from their insurance products, distribution and proper attention on serving the policyholders Chennai: The Unions...
Oil tanker owners show signs of shunning Russia’s Asian crude
Since Dec. 5, buyers of cargoes from Russia have only been allowed to access industry standard insurance and an array of trade-critical services if they pay $60 a barrel or less There are tentative signs that oil tanker companies are avoiding sending their ships to...
Reinsurers to stop covering key war risks related to Russia-Ukraine conflict
Hannover Re and Munich Re are among reinsurers who have warned that they will cease to underwrite any kind of risks — even indirect ones — related to the conflict in Ukraine from the start of next year, according to people familiar with the matter. The major German...
Russian insurer Ingosstrakh says no plans to cover new sanctioned clients
“We are not willing and will not provide short-term P&I (Protection and Indemnity) coverage for vessels caught up by the new Turkish regulations at the mouth of the Bosphorus,” Ingosstrakh said Russian insurer Ingosstrakh said on Monday it has no plans to offer...
Aditya Birla Capital mulls selling its insurance brokerage unit
The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business, the people said, asking not to be identified as the information is not public. Mumbai: Aditya Birla...
Key risk trends in 2023:Potential Recession, Cyber and ESG
Plunging growth rates, surging inflation, the energy crisis, continuing stock market volatility and ongoing supply chain issues are monitored closely by D&O underwriters as they could cause liquidity and profitability squeezes in many sectors and fuel rising...
With Munich Re support African Risk Capacity launches parametric cover against epidemic risks
ARC( African Risk Capacity) Group and its partners finalized the development of the cover, which will provide parametric insurance to African Union (AU) member states for three selected pathogens responsible for Ebola virus disease, Marburg virus disease, and...
Turkey oil tanker logjam snarls Russia oil sanctions
Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
UK sets out post-Brexit ‘reforms’ for banks, financial sector
The reform plans aim to make substantial legislative progress over the course of 2023 on repealing and replacing EU-era Solvency II –- the rules governing insurers' balance sheets which are expected to unlock over GBP 100 billion of private investment for productive...
Swiss Re proposes new members to join its Board of Directors
Swiss Re's Chairman of the Board of Directors Sergio P. Ermotti said: "We are delighted to attract two outstanding professionals for election to our Board of Directors. Vanessa Lau and Pia Tischhauser bring strong expertise in financial services and proven strategic...