Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: "Our...
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Yemen’s Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
The group said last month that it would begin attacking Saudi...
Beazley launches a new Marine War consortium,to provide $1 billion of Lloyd’s capacity
Adrian Cox, CEO at Beazley, said,“I’m proud that the Marine market, in which we are a leader, continues to play a vital role in maintaining continuity of trade amidst ongoing conflict.'' Patrick Tiernan, CEO at Lloyd’s, said,“I welcome the launch of this timely and...
Energy Insurance:Globally downstream market saw gross losses of $6.8 billion in 2025
In Asia, the upstream market also remains decisively buyer-friendly, underpinned by another year of benign loss experience and insurers’ view of Asia as a core growth region. The lack of major upstream energy losses through 2025 has reinforced the region’s status as...
West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict
Gulf insurers are heavily reinsured but global reinsurers have reduced exposure to the region. For diversified reinsurance groups, Fitch views the conflict at this stage as an earnings event driven by specialty lines. Rating implications from the Iran conflict will be...
US rules out renewal of exemption from sanctions on Russian Iranian oil
On March 5, the US issued a 30-day sanctions waiver to India, permitting it to buy Russian oil despite sanctions imposed over the Ukraine war. “We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil....
Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says
Hundreds of tankers and other ships and 20,000 seafarers have been stuck inside the Gulf since the war began on February 28. A two-week ceasefire came into effect on April 8 and U.S. President Donald Trump said on Wednesday the war was close to over, but control...
Polo Managing Agency supports launch of Syndicate 2047
Syndicate 2047 began underwriting on 1 April 2026 and is the first Lloyd’s syndicate established in GIFT City, India’s international financial centre, marking a significant milestone for the market. London: Polo Managing Agency (PMA), part of PoloWorks, a Marco...
Trump says Iran war ‘close to over’; Pakistan army chief arrives in Tehran to mediate
U.S. President Donald Trump "I think it’s close to over, yeah. I mean I view it as very close to over," Trump said in an interview on Fox Business Network conducted Tuesday and broadcast Wednesday. DUBAI/WASHINGTON: U.S. President Donald Trump said the war he...
ICICI Lombard General Insurance net profit rises 7.3% to Rs546 crore in Q4FY26
Though the company's combined ratio has improved from 102.50 per cent in Q4FY25 to 101.21 per cent in Q4FY26, its underwriting losses have flared up by 34 per cent to Rs 282,38 per cent during the said period. New Delhi: ICICI Lombard General Insurance, the second...
Majority of Indian firms hit by ransomware in 2025 pay over Rs 12 cr on average:Report
"According to the Exposure Management Research report, for the full year of 2025, 65 per cent of affected Indian organisations paid ransoms, with average pay-outs reaching USD 1.35 million," according to the Manufacturing Threat Landscape 2025 report released on...
West Asia conflict: India faces 2.5 million poverty risk, UN warns
On trade and supply chain disruptions, UNDP country-level analysis indicated significant impacts in 25 out of 36 countries through freight surcharges, war-risk insurance premia, route diversions, and delayed delivery of intermediate and consumer goods. The conflict...