Increased levels of signal jamming can complicate analyses of...
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New India’s net profit jumps 61% to Rs558 crore in Q4FY26
`` We have an excellent financial results during FY 26. The...
West Bengal to implement Ayushman Bharat and PM Fasal Bima Yojna:New CM Suvendu Adhikari
Suvendu Adhikari,Chief Minister,West Bengal Adhikari announced in a...
Zurich Insurance to acquire UK’s Beazley for $11 billion
"Together with Beazley, we will create the world’s leading Specialty underwriter, with around $15 billion of pro forma gross written premiums, exceptional underwriting expertise and data capabilities, and leading access to global distribution," said Mario Greco,...
Middle East Crisis: More oil tankers idle in Persian Gulf as attacks disrupt Hormuz
More than half of the world’s largest maritime insurance clubs have also now scrapped war-risk insurance for vessels entering the Gulf Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed...
Middle East Crisis:Global Marine re/insurers issue notices of cancellation(NOC) under standard 7-day war clauses
Additional premiums for vessels transiting high-risk waters are rising sharply and may continue to fluctuate in the short term.Cargo war risk remains available; however, rates are increasing and quotations are being reviewed on a voyage-by-voyage basis, particularly...
Rising tensions in Middle East may impact trade, push up freight, insurance costs
``The disruption in the Strait of Hormuz threatens a major share of India's crude oil and LNG imports, raising freight costs, insurance premiums, and fuel prices, while a surge in global oil prices could widen the current account deficit and fuel inflation''GTRI...
Govt to meet shipping firms and exporters on Monday to assess impact of Iran tensions on trade
Iran's state media said on February 28 that the Islamic Republic has shut the Strait of Hormuz - one of the world's most critical energy chokepoints through which about a fifth of global oil and gas supplies transit - in response to US and Israeli missile strikes. "We...
Airports, hotel hit in overnight Iranian strikes in UAE, missiles and drones intercepted
"The Ministry stated that, since the beginning of the attack, 137 Iranian ballistic missiles launched towards the UAE had been detected, of which 132 were destroyed, while five fell into the sea. A total of 209 Iranian drones were also detected; 195 were intercepted,...
West Asia Crisis:Oil, gas tankers avoid Strait of Hormuz as tensions intensify
Tracking data shows some tankers turning around, and at least one shipowner decided not to send its vessel into the strait as a result of the broadcast. Some vessels continue to pass through though — seven ships were seen exiting Hormuz while six were entering after...
Middle East conflict: Exporters fear rise in logistics, insurance costs, impact on shipments
"Air routes are being altered, and maritime trade through the Red Sea and key Gulf straits faces heightened uncertainty. If diversions become prolonged, shipments may increasingly have to reroute via the Cape of Good Hope, adding an estimated 15â20 days to transit...
Miller expands reinsurance offering into MENA through acquisition of Shields
James Hands, CEO, Miller, said, “Miller has worked with clients in MENA for decades and we are incredibly excited to have found a long-term partner in Shields to enhance our offering and reach. This acquisition will allow us to access a new placement hub in Dubai and...
US and Israel launch military attack against Iran, could last days
The attack pushes the Middle East into a renewed military confrontation and further dims hopes for a diplomatic solution to Tehran's long-running nuclear dispute with the West. U.S. and Isreal have launched military strikes against Iran on Saturday plunging the Middle...