The latest deal shows Berkshire is eager to win a slice of Japan’s...
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Trump puts off threat for 5 days to bomb Iran power grid,Oil drops, Stocks recover
U.S. President Donald Trump On Saturday, Trump had warned that...
Indian Non-Life Insurance Industry:On a growth trajectory
The Indian Non-Life insurance industry continues to show maturity...
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses could even climb to about USD 320 billion in 2026. As exposure keeps building, the upward trend in insured losses is structural and it is critical to identify the risk drivers behind this to manage and...
West Asia Crisis: Higher underwriting uncertainty in global terrorism and political violence insurance markets
For insurers and reinsurers, the key issue is not only the probability of attacks but also how losses may accumulate across multiple insurance lines. Terrorism and political violence incidents can trigger claims simultaneously in property, marine, aviation, and...
Lloyd’s to continue providing cover for vessels traveling through Strait of Hormuz
Shippers seeking insurance for tankers going through the strait “is pretty rare at the moment because people are focused on safety and security,” Lloyd’s chief executive officer Patrick Tiernan London:The Lloyd’s of London insurance market will continue to provide...
West Asia Crisis:Govt considers setting up of a Rs 1000 crore Marine Reinsurance Pool and Indian P&I Club as insurance premiums rise for ships
Rajesh Kumar Sinha,Special Secretary, Shipping Ministry Speaking during an inter-ministerial briefing, Special Secretary in the Shipping Ministry Rajesh Kumar Sinha, said,`` We’ve made considerable progress on discussions about a P&I club. A few days ago we raised...
Hormuz traffic plunges sharply, daily vessel crossings drop to 10 from 135 in Feb: S&P Global Energy
The slowdown has led to severe congestion, with around 850 oil tankers clustered in the region. Daily tanker transits have fallen to just two to three, compared to the usual 60. New Delhi:Daily vessel crossings through the critical Strait of Hormuz have plunged to...
IRDAI meets stakeholders of healthcare industry,forms 5 Working Groups for addressing critical challenges in health insurance
"The collaboration between payers and providers is essential for a sustainable healthcare ecosystem.These Working Groups represent a coordinated effort to put the patient at the centre of our care journey while ensuring operational efficiency and data-backed policy...
Swiss reinsurer Echo Re opens branch in GIFT City
Fabian Pütz (PhD) Pütz, chief executive officer, commented, “The decision to operate in Gujarat International Finance Tec-City IFSC marks a significant step for Echo Re. It shows our great commitment to the Indian insurance market and provides a gateway to the wider...
Support measures with insurance on anvil for exporters to deal with West Asia crisis
These measures may be announced in areas such as insurance.The joint attack launched by the US and Israel last month on Iran has led to severe disruptions in the movement of ships and planes in West Asia. It has led to spike in oil prices, which has pushed sea, and...
Howden aligns global broking regions, forms EMEA broking region
Howden’s MEA businesses – including the UAE, Bahrain, Oman, Tanzania, South Africa, and its newly launched operation in the Kingdom of Saudi Arabia – will align with the Howden Europe business to create a single EMEA broking region led by Luigi Sturani, CEO...
Non-scheduled, general aviation players’ 176 planes do not have cockpit, flight data recorders: Govt
Minister of State for Civil Aviation Murlidhar Mohol said that a total 2,263 aircraft were registered and issued certificates of airworthiness (C of A) before January 1, 2016. New Delhi: As many as 176 planes operated by non-scheduled and general aviation operators do...