Meanwhile, the Federation of Indian Pilots (FIP) on Thursday...
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Saudi Re appoints Ruchi Jain as Principal Officer GIFT City, India Branch
Saudi Re, after setting up its operations in GIFT-IFSC, has...
Aon appoints Steve Dando chief broking officer for Global Broking Center
In partnership with Aon teams around the world, the GBC provides...
Iran declares Hormuz closed to all vessels after US strikes
"Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships.Any vessel attempting to transit the strait will be targeted," the IRGC said Iran's Islamic Revolutionary Guard...
NIA rolls out India’s first Motor insurance war risk protection solution
"The Motor War Risk Add-On Cover is designed to bridge a critical protection gap by offering insurance protection against direct physical loss or damage to the insured vehicle arising from war-related events. The cover can also be availed for motor insurance policies...
Commercial vessel attacked off Oman: 3 Indian crew missing
The US Central Command acknowledged the strike on the vessel saying it violated the ongoing US blockade of the Iranian ports by attempting to transport oil from Iran. New Delhi:India on Wednesday summoned the United States charge d'affaires to strongly protest a US...
Dark fleet expands amid Hormuz tensions
The increase in Gulf producers’ ships going dark to sneak through undetected by Iran is at the heart of the rise in flows, coinciding with a period where the US has been helping ships navigate through the waterway. The recent volumes add to signs that the oil market...
US-Iran strikes threaten peace talks
President Donald Trump said he retaliated against the Islamic Republic for shooting down an American Apache helicopter near the Strait of Hormuz. Tehran didn’t confirm shooting down the aircraft and said it was reconsidering whether to persist with negotiations in...
India’s Construction Sector: Insurers increase focus on risk and project governance, Aon report
“India remains a dynamic and rapidly expanding construction market within the Asia Pacific region. Large-scale developments face a range of natural hazards, including floods and earthquakes, with increasing focus on robust risk management from the outset. To navigate...
UK’s IGI secures license to operate in India’s GIFT City
``This also furthers our diversification, and our strategy of having a physical presence in our key regions around the world. We look forward to building a strong local team and supporting both facultative and specialty treaty reinsurance clients in this fast-growing...
Maximum Information launches PsiClone ahead of North Atlantic hurricane season
“PsiClone is designed to help close that gap by connecting live forecast data directly to exposure monitoring and operational decision-making. The goal is to help insurers and stakeholders respond earlier and reduce the time to payout when it matters most,''Tom Philp,...
Red Sea tensions rise as Houthis target Israeli ships
The move comes as the Iran war drags into a fourth month and hostilities flare across the region, threatening to derail a fragile truce and complicate negotiations toward a peace deal. The conflict has led to the near-closure of Hormuz, forcing key Middle Eastern...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...