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Govt to curb opaque shipping surcharges amid Middle East tensions: Report

Govt to curb opaque shipping surcharges amid Middle East tensions: Report

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
Lloyd’s market engaging with US government over Gulf maritime plan, officials say

Lloyd’s market engaging with US government over Gulf maritime plan, officials say

by AIP Online Bureau | Mar 5, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Lloyd’s is engaging constructively with the U.S. Development Finance Corporation and relevant stakeholders, with a clear focus on ensuring that the Lloyd’s market continues to lead as the global center of excellence for war risk insurance,” a Lloyd’s spokesperson...
Govt to curb opaque shipping surcharges amid Middle East tensions: Report

Middle East Crisis: Govt engages with all stakeholders to ensure trade continuity amid geopolitical unrest

by AIP Online Bureau | Mar 2, 2026 | Indian News, Non-Life, Reinsurance

The Centre reiterated its readiness to facilitate trade operations, including procedural flexibility in export-related authorisations in cases of genuine disruption; coordination with Customs authorities to ensure smooth clearance; engagement with financial and...
Govt to curb opaque shipping surcharges amid Middle East tensions: Report

Govt to meet shipping firms and exporters on Monday to assess impact of Iran tensions on trade

by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

Iran’s state media said on February 28 that the Islamic Republic has shut the Strait of Hormuz – one of the world’s most critical energy chokepoints through which about a fifth of global oil and gas supplies transit – in response to US and...
Govt shortlists 5 candidates for selecting a new GIC Re CMD

Govt shortlists 5 candidates for selecting a new GIC Re CMD

by AIP Online Bureau | Feb 22, 2026 | Indian News, Non-Life, Reinsurance

The officials who have been shortlisted after due delligence for the Tuesday interview are — three senior most senior officials of GIC Re-Hitesh Joshi, executive director(ED) and acting CMD,Jayshree Bala, ED, V Balkrishna, general manager and two other private...
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