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Houthis’ Red Sea attacks prompt London insurers to widen high-risk zone

Houthis’ Red Sea attacks prompt London insurers to widen high-risk zone

by AIP Online Bureau | Jul 30, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

War risk premiums for voyages through the southern Red Sea have already jumped to between 1% to 2% of the value of a ship from 0.3% before the Houthi announcement, sources have said.. Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market...
London steps up bid to become global ILS Hub

London steps up bid to become global ILS Hub

by AIP Online Bureau | Jul 8, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Workplace/Employee Benefits

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...
AI London flight: DGCA directs 787 plane’s fuel switch inspection in presence of its officers

AI London flight: DGCA directs 787 plane’s fuel switch inspection in presence of its officers

by AIP Online Bureau | May 19, 2026 | Indian News, Regulation, Risk Management, Technology

On February 2, an Air India pilot reported a defect with the fuel control switch of the Boeing 787-8 plane VT-ANX after operating the AI132 flight. The plane faced a fuel control switch issue during engine start in London on February 1. New Delhi:A detailed...
London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates

London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates

by AIP Online Bureau | Mar 4, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Gulf war risk premiums have risen fivefold in recent days compared with a week ago – before the U.S and Israel began their airstrikes on Iran – adding hundreds of thousands of dollars in extra costs for every shipment. London’s marine insurance market has widened the...
Govt officials hold road shows in London and Singapore for GIC Re disinvestment

Govt officials hold road shows in London and Singapore for GIC Re disinvestment

by AIP Online Bureau | Dec 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Reinsurance

The government is also actively planning to disinvest in Life Insurance Corporation (LIC) shortly New Delhi/Mumbai: The Indian government held road shows in London and Singapore to assess investor interest for a minority stake sale in state-run GIC Re. Top officials...
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