Built in 2001, it is part of the so-called shadow fleet of older...
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Four crew, two rescuers killed in Red Sea attack; US strikes ship in Gulf of Oman
Traffic is even more disrupted in the Strait of Hormuz with just...
Typhoon season forecast to be among most intense ever for Asia
The Northwest Pacific is already seeing heightened storm activity,...
Global insurance premiums hit $7.1 trillion in 2025, but structural challenges persist: Bain
Lowering the cost of risk will be critical for insurers seeking to increase relevance and expand the market, Bain advises. Its report identifies four levers for doing so: claims, distribution, operating expenses, and capital. Global insurers delivered strong premium...
Files relating to India’s largest nuclear power plant Kudankulam exposed in data breach
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism Bengaluru: Ransomware group...
Google appeals Indian ruling over its ads platform, citing consumer harm
The May decision could reshape the online ads market in a country where Google last year earned $4.1 billion in gross advertising revenue but where it is also facing a raft of antitrust cases and court battles. NEW DELHI:- Google has challenged an Indian court...
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...
Renewed vessel attacks disrupt shipping through Strait of Hormuz
Global investors, shipowners and insurers are zeroed in on activity in the chokepoint, which stands as a litmus test of whether the peace deal will endure and whether heavily disrupted supply chains can start to normalize. Commercial traffic through the Strait of...
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Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a portion of their shareholders' funds in private limited companies. Such investments, however, will be capped at 5 per cent of the shareholders' funds available beyond the solvency margin and will be...
Joshi has been serving as the acting CMD of GIC Re since Oct 1. The post has fallen vacant after N Ramaswamy retired from the post on Sep 30.
advisors, customers and insurance companies, allowing users to compare and purchase insurance products across health, life and motor segments. Read...
Indian cities rank among world’s top 30 financial services markets: Report
"India is rapidly strengthening its position as a global financial services hub, backed by a deep talent pool, technology expertise and operational scale," said Arpit Mehrotra, Managing Director, Office Services, Colliers India. New Delhi: India is strengthening its...