Built in 2001, it is part of the so-called shadow fleet of older...
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Four crew, two rescuers killed in Red Sea attack; US strikes ship in Gulf of Oman
Traffic is even more disrupted in the Strait of Hormuz with just...
Changing Hazards:Benign H1 2026 masks rising natural catastrophe risk, finds Swiss Re
Wildfire risk has so far accounted for only a relatively small...
Hormuz tensions trigger navigation signal disruptions for ships
Increased levels of signal jamming can complicate analyses of real-time traffic data in the Gulf and the Strait of Hormuz, which is crucial to understanding energy flows. Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied...
New India’s net profit jumps 61% to Rs558 crore in Q4FY26
`` We have an excellent financial results during FY 26. The profit after tax improved by 40 per cent for the year and 61 per cent for the 4th quarter. The Indian business grew faster than the industry, and the company’s market share increased from 12.56 per...
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 press conference that Bengal would now become part of the Ayushman Bharat scheme, alongside multiple other central welfare projects – like PM Jan Arogya Yojna, PM Fasal Bima Yojna offering crop...
Govt to launch $100 million Bharat Marinme Pool on Tuesday in New Delhi
The BNP, that cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, will have a sovereign guarantee of Rs 12.980 crore which was approved by the government on Apr 18. New Delhi:The Indian government is launching its first ever $100 million...
Hormuz Strait shuts after US-Iran clashes
President Donald Trump again threatened more intense strikes if Iran refuses his terms. Tehran responded, saying on X that the continued hostile action against Iran “highlights the confusion and inability of the ruling authorities in the United States to properly...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re
AI-focused companies dominated the quarter, accounting for 95.2% of total funding — a record share. These firms raised USD 1.55 billion across 68 deals, with all of the ten largest funding rounds going to AI-led businesses. Global InsurTech funding remained resilient...
FM launches new insurance policy for manufacturers
“FM Essential brings together engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact.” Alex Tadmoury, executive vice president, International, at FM...
Iran sets Hormuz transit rules; Shipowners stay cautious
Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe, stable passage” through the waterway will be possible with “new protocols in place.” That came soon after a report that the US had proposed a peace deal, which Tehran is now considering. Iran has laid...
MS Amlin launches industry-first property treaty consortium, to boost capacity for global data centres
The Property Treaty Per Risk (PPR) Consortium,bringing together four Lloyd’s syndicates, expands MS Amlin’s maximum line size from $50m to $67.5m, providing a 35% uplift in capacity for placements while maintaining a single coordinated underwriting and claims...
Govt gives 3rd extension to Joshi as an acting CMD of GIC Re
Hitesh Ramesh Chandra Joshi, acting CMD, GIC Re Joshi, who has already been selected as the CMD of GIC Re by the Government's head hunting body FSIB, has been holding the additional charge of the GIC Re's top post since Oct 1. Mumbai:Further delaying the appointment...