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Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy
As per Press TV, the IRGC Navy made the remarks in a post on X and...
Mayabunder Pawan Hans helicopter crash: AAIB finds emergency flotation system not activated during approach
A Pawan Hans helicopter crashed into the sea after taking off from...
Nicholas Walsh appointed as non-executive chairman of Sompo
Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the appointment of Nicholas Walsh as Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings(SIH). Monica Cramér Manhem has...
Gallagher expands in Türkiye with acquisition of Aspera
This move marks further investment by Gallagher as the country increasingly becomes as a strategic insurance hub between Asia and Europe, Alex Nagler, CEO of Gallagher in Europe London: Gallagher today announced it has acquired Türkiye-based Aspera Sigorta ve...
Warren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
Berkshire's insurance division has grown to include Geico, General Reinsurance and several other insurers. The float totaled $173 billion at the end of the first quarter Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of...
End on an Era- Warren Buffett to retire after heading Berkshire for six decade, Greg Abel to succeed
Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become CEO at the end of the year. OMAHA, Neb: Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year. Buffett...
Denmark plans $1 billion war insurance for its merchant fleet
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding would establish a state-backed war...
Berkshire outguns market as Buffett reaches 60 years in charge
Warren Buffet, chairman, Berkshire Hathaway Buffett took over Berkshire in a fit of anger in 1965, when management of the then-flailing textile company shortchanged him when he offered to sell back his shares. He later called Berkshire “the dumbest stock I ever...
Peak Re raises $50 million through its second Cat bond
Franz-Josef Hahn, CEO, Peak Re For the first time, India has been included in a 144A catastrophe bond, expanding risk transfer to one of the region’s fastest growing and most dynamic markets Hong Kong: Peak Reinsurance Company (Peak Re) has raised $50 million through...
DIFC records a 35% jump in gross written premiums from $ 2.6bn to $ 3.5bn in 2024
Arif Amiri, Chief Executive Officer of DIFC Authority, said, “With over 125 insurance and reinsurance entities having their operations in DIFC , it is well positioned to broaden and deepen its role as the region’s leading insurance hub. With its progressive and...
Zombie ships fast becoming a feature of Venezuelan oil trade
The use of zombie tankers allows dark fleet operators to circumvent restrictions on transporting oil. The ruse is gaining attention within the maritime community, which has long tracked the emergence of a parallel system, including operators, insurers, traders and...
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave 1.6 billion euros ($1.82 billion), or 0.1%, off gross domestic product, noting it could take oil refineries a week or more to resume their operations fully, and that some industrial ovens had been...