Howden’s MEA businesses – including the UAE, Bahrain, Oman,...
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Non-scheduled, general aviation players’ 176 planes do not have cockpit, flight data recorders: Govt
Minister of State for Civil Aviation Murlidhar Mohol said that a...
Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at...
“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims
Asked about initial payments being offered by Air India to the families, Andrews dismissed them as insufficient. "No, that payment is not going to be sufficient over the rest of their lives," Mike Andrews, a lawyer based in Montgomery, Alabama said The lead US...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the Philippines are attracting insurer capacity, especially for projects backed by international funding and reputable contractors. SINGAPORE: After years of navigating tough market conditions, power companies are...
Adani stops accepting sanctioned vessels at its ports, sources say
"To safeguard the legal and commercial interests of the Port, we hereby emphasize that sanctioned vessels are not accepted," Adani said in the orders seen by Reuters. NEW DELHI: India's Adani group has stopped accepting vessels that are sanctioned by the European...
Insurance Surety Bonds for NHAI contracts crosses Rs 10,000 cr landmark
Girija Subramanian, CMD, New India Assurance Till July 2025, 12 insurance companies have issued around 1,600 ISBs as ‘Bid Security’ and 207 ISBs as ‘Performance Security’ valued at around Rs 10,369 crores for NHAI contracts While the Indian general insurance industry...
JBA Risk Management launches new India Crop Model
The new model, which includes more enhanced market data, crops, seasons and districts, provides invaluable insight for the risk management and insurance pricing of India’s two primary crop insurance schemes, the yield and parametric based Pradhan Mantri Fasal Bima...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The rapid expansion of the P&C market is not only about scale, but also about greater capability and resilience. Insurers have become more efficient at pricing, managing and transforming risk,...
OAK Global launches dedicated retro Syndicate at Lloyd’s
The newly formed syndicate has received in principle approval to assume business incepting 1st January 2026, targeting approximately $75 million GWP in its first year London: OAK Global today announces that it will be launching a new strategic business unit, OAK...
Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines will gradually erode prices, while rising claims costs, notably from more frequent and severe catastrophe losses and persistent social inflation, will pressure underwriting margins, in our base case,...
$152 Billion and Rising: Insurance industry facing growing average annual losses from natural catastrophes
The 2025 Global Modeled Catastrophe Losses Report notes a $32 billion increase in non-crop global modeled insured AAL over 2024, which reflects the upward trend in catastrophe losses experienced on a global scale. Over the past five years, insured losses have averaged...