To further strengthen policyholder protection, the IRDAI has also...
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Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global
S&P Global said daily traffic through the Bab el-Mandeb...
Tankers divert to Egypt as Houthi threat disrupts Red Sea
Over the past week, only Chinese ships and vessels owned by...
Trump extends Iran ceasefire indefinitely,Hormuz blockade to continue
US President Donald Trump Trump posted on social media that he would "extend the Ceasefire" until Iran came up with a proposal to end the conflict Washington:President Donald Trump on Tuesday said he was extending a ceasefire with Iran to give more time for...
Middle East Conflict: Consequences for Asian construction industry
Geopolitical risk is becoming structural rather than episodic. Construction organisations can no longer treat geopolitical disruption as a low probability event managed through generic forcemajeure clauses. Instead, it is increasingly influencing project feasibility,...
MS Amlin launches new Lloyd’s sub-syndicate targeting innovative growth
s1673 forms part of MS Amlin’s plans to achieve sustainable growth by leveraging the strength of its parent’s group network and pursuing new opportunities alongside innovative distribution approaches. London: MS Amlin, the Lloyd’s global specialist (re)insurer, has...
Anna Ziswiler appointed as Swiss Re’s Head P&C Reinsurance Southeast Asia,India,Hong Kong,Taiwan and Korea
Anna Ziswiler, Head P&C Reinsurance-designate, Southeast Asia,India,Hong Kong,Taiwan and Korea, Swiss Re Anna Ziswiler will also serve as Country President for Singapore, Malaysia, Hong Kong, Korea, and India. She currently leads Swiss Re's P&C Re business in...
Fire doused at HPCL Rajasthan Refinery, Re/insured by Oriental Insurance and Swiss Re
The refinery-cum-petrochemical complex, which was scheduled to begin commercial operations from July 1, after being inaugurated by by Prime Minister Narendra Modi.on Tuesday, has an Advance Loss of Profit (ALOP) cover New Delhi:The newly built Rs 79,450-crore...
India expands Russian marine insurance options
India has also extended the registration of Russia's Soglasie Insurance, Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance until February 20, 2027, to provide protection and indemnity (P&I) cover for ships. It has allowed Dubai-based Islamic...
Health insurance prm hits Rs1.37 trillion,surges 15.4 % in FY 26, Fire replaces Crop as 3rd largest industry portfolio
With No1 position, Health Insurance share in the Indian general insurance industry has inched up to 40.80 per cent in FY 26 from 38.63 per cent in FY25 In a noteworthy development, though, there has been no premium hike in the premium of mandatory TP Motor cover, for...
APAC Cat Report:Economic losses of $76 bn,Insured losses at $7 bn in 2025, says Aon
Extreme heat is also emerging as one of Asia Pacific’s most consequential climate risks, with rising temperatures placing increasing strain on public health systems, infrastructure and workforce productivity, Across the region, working hours lost to heat stress have...
Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows
U.S. President Donald Trump said on Friday Iran had agreed to open the strait, while Iranian officials said they wanted the U.S. to fully lift its blockade of Iranian tankers.Western shipping companies cautiously welcomed the announcements but said more clarity was...
US renews sanctions waiver for purchase of Russian oil
Earlier, the US had granted an exemption from sanctions to India for buying Russian oil for a month beginning March 5. A few days later, a similar waiver was extended to several other countries, which ended on April 11. Washington:The United States has extended by a...