While China (+7.8% p.a.) will continue to dominate the region in...
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Maritime Safety: New risks and challenges for Shipping Industry
“Although recent sanctions are making it harder for these vessels...
GIC Re’s net profit falls 17 % to Rs 2,183 cr, gross premium rises 20 % to Rs 10,367 cr in Q4FY25
GIC Re board, which met on Monday to finalise its results, has...
Many non-Russian shipowners still transport Russian crude, reap big rewards
Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior to the invasion of Ukraine, based on data compiled by Bloomberg. The lucrative trade has...
Gallagher Re & Africa Re team up to address protection gap in Africa
Antoine Bavandi, Global Head of Public Sector, Parametric & Climate Resilience Solutions at Gallagher Re, added: “We are thrilled to begin this journey with Africa Re and its partners. We will be putting to work our expertise in various domains to come up with the...
Mumbai-bound SpiceJet Q400’s windshield outerpane cracks mid-air
Officials said the Kandla-Mumbai flight of SpiceJet was at 23,000 feet altitude when the windshield's outer pane cracked This is at least the seventh incident of technical malfunction happening on SpiceJet aircraft in the last 17 days Earlier in the day, SpiceJet's...
SBI General Insurance launches comprehensive cyber insurance cover for individuals
Anand Pejawar, Deputy managing director, SBI General Insurance SBI General Cyber VaultEdge covers unauthorised e-transactions, loss of wages resulting from identity theft and instances impacting online reputation including social media trolling, bullying, and...
Inflationary recession, a key concern for global re/insurance industry: economists and strategist at Geneva Association meeting
Given the instability and distortions that come with protracted high inflation, it could have a negative impact on the growth of insurance markets and insurance penetration. Insurers have a big tool kit at their disposal to respond to inflation, for example through...
SpiceJet’s Delhi-Dubai flight diverted to Karachi due to fuel indicator malfunction
This is the sixth such incident on SpiceJet aircraft in the last 17 days.The Directorate General of Civil Aviation (DGCA) is investigating all six incidents New Delhi: SpiceJet's Delhi-Dubai flight was diverted to Karachi on Tuesday as the fuel indicator started...
IAEA Initiative sets to facilitate safe and secure deployment of small modular reactors
"In nuclear, we must have the highest standards of nuclear safety and security – they are indispensable for the public, governments and investors. Nuclear safety, security, and safeguards will be the litmus test for deployable reactors at the scale needed. The NHSI is...
Howden acquires a New Zealand broker to focus on Pacific market
Matt Bacon, CEO Howden Pacific, commented: " This acquisition is another great step forward in our strategy to expand our platform in New Zealand, and continue to offer a choice to clients and talent in this key Pacific market" Auckland: Howden, the international...
Climate change is driving 2022 extreme heat and flooding
For heatwaves and extreme rainfall, “we find we have a much better understanding of how the intensity of these events is changing due to climate change,” said study co-author Luke Harrington, a climate scientist at Victoria University of Wellington Less understood,...
Australia floods worsen as thousands more flee Sydney homes
The Insurance Council of Australia, which declared the floods a 'significant event', urged affected people to apply for claims, even though the full extent of damage was unknown now Sydney: Torrential rains kept battering Australia's east coast on Tuesday,...