Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which...
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Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
Indian reinsurer GIC Re had said Air India's Ahmedabad crash claim...
ACKO on boards MS Dhoni as an investor and brand ambassador
Mahendra Singh Dhoni ACKO, which has also eminent IT entrepreneur...
8 mid-air incidents in 18 days: DGCA issues show-cause notice to SpiceJet
As a DGCA review of the incidents showed that ''poor'' internal safety oversight and ''inadequate'' maintenance actions have resulted in ''degradation'' of the safety margins of SpiceJet, the airline's chief Ajay Singh asserted it will be ''doubly careful'' and...
General insurance industry’s premium rise by 23% to Rs 54,492 crore in Q1Fy 20222-23
The four PSU multiline general insurers -New India Assurance, Oriental Insurance Company, United India Insurance, National Insurance Company- have further lost around four per cent of their market share to private sector competitors in Apr-June period. Mumbai:...
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...