by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Jeremy Nixon, the CEO of Ocean Network Express, said Monday there were about 750 ships caught up in what was effectively the closure of the Strait of Hormuz, with about half of them inside of the Gulf and half on the way there. About 100 of those are container ships,...
by AIP Online Bureau | Feb 20, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management
M Nagaraju,Secretary , Department of Financial Services In the remarks during a speech at the Indian Banks’ Association’s Annual General Meeting, Department of Financial Services Secretary M Nagaraju underscored how India has managed a slew of geopolitical...
by AIP Online Bureau | Dec 4, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
War insurance costs for some port calls have been quoted between 0.6% and 1% of the value of a ship in the past day by some underwriters, up from 0.4-0.6% last week. Rates of 1% would be the highest since late 2023, though still below peaks of 2% for the Red Sea at...
by AIP Online Bureau | May 11, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...
by AIP Online Bureau | May 2, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding would establish a state-backed war...
