Infrastructure hotspots such as Indonesia, Vietnam and the...
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Adani stops accepting sanctioned vessels at its ports, sources say
"To safeguard the legal and commercial interests of the Port, we...
Insurance Surety Bonds for NHAI contracts crosses Rs 10,000 cr landmark
Girija Subramanian, CMD, New India Assurance Till July 2025, 12...
U.S. Treasury proposes a new rule to collect data on climate-related risks from P&C insurers
U.S. Treasury Secretary Janet Yellen has pressed U.S. financial regulators to make assessment of climate change risks a normal part of their everyday work, including a demand that companies increase disclosures of such risks to investors Treasury said the proposed...
Helicopter carrying pilgrims to Kedarnath crashes; 7 dead
Fog and poor visibility are said to be the reason for the crash Dehradun: A helicopter ferrying pilgrims from Kedarnath temple to Guptkashi here crashed into a hill due to poor visibility on Tuesday, killing all six pilgrims and the pilot on the spot. The chopper --...
Swiss Re estimates Hurricane Ian claims at approximately $1.3 billion
Swiss Re estimates the preliminary total insured market loss from Hurricane Ian at USD 50–65 billion Swiss Re's P&C business reported and normalised combined ratios were affected in the third quarter by an increase in small- to mid-sized claims, partly driven by...
Global cost of cybercrime may reach $10.5 trillion by 2025: Interpol
Jurgen Stock,Secretary General,Interpol Interpol Secretary General Jurgen Stock said Interpol had developed its global stop-payment mechanism, the Anti-Money Laundering Rapid Response Protocol, which in the past 10 months alone had helped members recover more than $60...
AXIS Capital refuses to underwrite energy, mining and other projects without backing of local indigenous communities
Non-governmental organization Rainforest Action Network (RAN) told Reuters that AXIS was the first North American insurer to adopt such a policy, and believed it set a fresh standard for best practice Two insurers in Europe – Swiss Re and Allianz – mention FPIC in...
Mental Illness: Indian Insurers now cover alzheimers, depression and bipolar disorders
Sanil Basutkar Having an appropriate cover and healthcare plan for mental illness needs to be an important aspect when looking for a comprehensive insurance for you and your family How does insurance cover work for mental illness?For around 60 years after...
Plastic Pollution: Litigation could cost the industry and its insurers $20 billion in US over next 8 yrs, says Report
More than 300 million tons of plastic are produced every year and at least 14 million tons ends up in the ocean where it is ingested by animals and can enter the human food chain, according to the International Union for Conservation of Nature Like climate...
AM Best downgrades Peak Re’s outlooks to negative from stable
The negative outlooks reflect AM Best’s expectation that macroeconomic headwinds and current unfavourable capital and investment market conditions may exacerbate financial stress on Fosun over the short to intermediate term HONG KONG: AM Best has revised the outlooks...
Miller appoints Matthew Hooker as regional Head of Energy for Asia-Pacific
Matt’s appointment forms part of Miller’s wider growth strategy in the region and follows recent senior hires to the Singapore team, including Ron Whyte as Head of Strategic Development and Nick King as Head of Marine London: Miller, the leading independent specialist...
Markel International appoints Rohan Davies to lead a combined wholesale marine and energy division
The wholesale operation, headed by Andrew McMellin, is seeing significant growth and remains on track to achieve its ambitious goal of being a US$2bn (GWP) player by 2025, as part of Markel’s global insurance operation’s previously disclosed goal to reach $10 billion...