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Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

by AIP Online Bureau | Apr 16, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Hundreds of tankers and other ships and 20,000 seafarers have been stuck inside the Gulf since the war began on February 28. A ​two-week ceasefire came into effect on April 8 and U.S. President Donald Trump said on Wednesday the war ⁠was close to over, but control...
Deadly Flash Floods in Asia and U.S: Urgent need for early warnings

Deadly Flash Floods in Asia and U.S: Urgent need for early warnings

by AIP Online Bureau | Jul 22, 2025 | Articles, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

“Flash floods are not new, but their frequency and intensity are increasing in many regions due to rapid urbanization, land-use change, and a changing climate. Rising temperatures play a role because each additional degree Celsius of temperature increase allows the...
Germany’s Munich Re to buy $2.6 billion Next Insurance

Germany’s Munich Re to buy $2.6 billion Next Insurance

by AIP Online Bureau | Mar 20, 2025 | International News, Non-Life, Reinsurance

Ergo, the primary insurance business of reinsurer Munich Re, will become the sole owner of Next, which is focused on insuring U.S. small businesses FRANKFURT: Munich Re is buying the 71% of Next Insurance that it doesn’t already own, strengthening its foothold...
Govt says sanctioned Russian oil tankers can discharge before Feb 27

Govt says sanctioned Russian oil tankers can discharge before Feb 27

by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

India’s oil secretary Pankaj Jain said the deadline, as outlined by the US sanctions, for completing financial transactions was March 12. India follows United Nations sanctions, rather than those imposed by individual countries, but fears of secondary sanctions...

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