Speaking in the legislative council, Agriculture Minister Manikrao...
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Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill
On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam...
MS Amlin appoints Nicola Harris to lead natural resources
In this role, Nicola will be responsible for leading the efforts of...
Insurer Tokio Marine says Greensill took out policies fraudulently
Credit Suisse said in a statement that the insurance policies were valid, and that it would also “vigorously defend” its position to preserve the rights of the supply chain finance funds and their investors Companies linked to insolvent British financier Lex Greensill...
18th SIRC 2022 will be an in-person event during Oct 31- Nov 3, 2022
“Our unswerving focus is to ensure that this year’s SIRC is as close as possible to the last pre-pandemic event held in 2019 - delivering both leading-edge insights and unparalleled networking opportunities,” said SRA Chairman Marc Haushofer It will have an online...
London marine insurers label all Russian waters high risk
Marine insurers said any rise in premiums was expected to take a few days after a notification period Russia's maritime sector is grappling with the winding down of services including ship certification by leading foreign providers - needed for accessing ports and...
Singapore port authority probes alleged bunker fuel contamination
Marine insurer Gard said in a statement that some of the vessels it insures had suffered operational issues including blackouts, and in some cases ships needed to be towed back to port Singapore is the largest marine fuel supplier in the world and sits at the...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump
Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Swiss Re shareholders urged to oppose chairman’s re-election in gender row
"At Swiss Re, we embrace and build diversity, equity and inclusion, bringing together the best of multiple generations, cultures, skillsets and thinking," the company said in a statement to Reuters ZURICH: Swiss Re shareholders have been urged to vote against the...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...