The coalition would strengthen maritime security, safeguard...
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Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry,...
Japan earthquake halts auto and chip plants, testing supply chain resilience
Given Japan’s proneness to natural disasters, manufacturers have...
Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed
The renewed violence casts further doubt on the future of an interim U.S.-Iranian agreement signed last month that aimed to reopen the strait and end the war after a further 60 days of negotiations.The renewed violence casts further doubt on the future of an interim...
Bavi hits China, Millions evacuated
Scientists say climate change is increasingly exposing the world’s second-largest economy to destructive weather events, with this year of particular concern due to the expected emergence of the El Nino weather pattern, which could drive up temperatures and fuel more...
China unveils to make Shanghai an international reinsurance center
The several measures comprise eight provisions focusing on guiding institutional layout, improving unified registration, accelerating platform development, enhancing capacity supply, deepening reform and opening-up, expanding cross-border cooperation, strengthening...
NITI Aayog convenes a stakeholder consultation on implementation of SHANTI Act 2025
Stakeholders examined the financial mechanisms and risk-mitigation frameworks needed to support the Act’s implementation. The discussion also covered suitable insurance arrangements for long-term projects, along with strategies to strengthen public awareness,...
July rainfall brings relief, Yet agriculture risks remain: CRISIL
"Current Using its Deficient Rainfall Impact Parameter(DRIP) scores point to significant stress in Karnataka, Bihar, Uttar Pradesh, Andhra Pradesh and Telangana, with milder stress evident in Haryana," the report said. New Delhi: Early July rains have eased immediate...
US-Iran strikes choke ship traffic through Strait of Hormuz
London marine insurers also reported seeing fewer inquiries for journeys to transit the strait and some said the cost of cover had risen, in a sign of growing caution from shipowners as the US and Iran exchange attacks. Traffic through the Strait of Hormuz came to a...
Aviva and AXIS launch new Lloyd’s consortium to power UK renewable energy growth
The partnership brings together two of the London Market’s leading renewable energy insurers, combining underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single, coordinated solution. It is also the first Lloyd’s...
London steps up bid to become global ILS Hub
London’s dominance in insurance-market infrastructure makes it an obvious destination for issuers of catastrophe bonds and other ILS products, says Caroline Wagstaff, chief executive of the London Market Group, whose members include insurers operating in the world’s...
War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz
In the past 24 hours, war insurance rates for ships inside the Gulf have already ticked higher towards 3% of the value of a vessel from 2% at the end of last week, said the sources, who declined to be named due to the sensitivity of the matter. Some war underwriters...
Trump says interim accord to end war is ‘over’ after Iranian strikes
In a flare-up of hostilities that pushed oil prices up to a two-week high, Iran said it had targeted U.S. military sites in Bahrain and Kuwait after U.S. forces struck Iranian targets in response to attacks on tankers in the Strait of Hormuz. Ankara: U.S....