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Record 165 GW of wind power capacity added in 2025, led by China, report says
Asia, led by China and India, commissioned 131 GW of new capacity, which was 80% of the global total. China made up the bulk of that, adding a record 120.5 GW of new wind capacity. Europe was the second-highest region for installations, commissioning 19 GW of new...
Scam messages offering ships safe transit through Hormuz, security firm warns
MARISKS on Monday issued an alert warning shipowners that unknown actors, claiming to represent Iranian authorities, had sent some shipping companies a message demanding transit fees in cryptocurrencies, Bitcoin or Tether, for “clearance”. “These specific messages are...
Middle East Conflict: Consequences for Asian construction industry
Geopolitical risk is becoming structural rather than episodic. Construction organisations can no longer treat geopolitical disruption as a low probability event managed through generic forcemajeure clauses. Instead, it is increasingly influencing project feasibility,...
MS Amlin launches new Lloyd’s sub-syndicate targeting innovative growth
s1673 forms part of MS Amlin’s plans to achieve sustainable growth by leveraging the strength of its parent’s group network and pursuing new opportunities alongside innovative distribution approaches. London: MS Amlin, the Lloyd’s global specialist (re)insurer, has...
Anna Ziswiler appointed as Swiss Re’s Head P&C Reinsurance Southeast Asia,India,Hong Kong,Taiwan and Korea
Anna Ziswiler, Head P&C Reinsurance-designate, Southeast Asia,India,Hong Kong,Taiwan and Korea, Swiss Re Anna Ziswiler will also serve as Country President for Singapore, Malaysia, Hong Kong, Korea, and India. She currently leads Swiss Re's P&C Re business in...
Fire doused at HPCL Rajasthan Refinery, Re/insured by Oriental Insurance and Swiss Re
The refinery-cum-petrochemical complex, which was scheduled to begin commercial operations from July 1, after being inaugurated by by Prime Minister Narendra Modi.on Tuesday, has an Advance Loss of Profit (ALOP) cover New Delhi:The newly built Rs 79,450-crore...
Health insurance covers about 47% in rural and 44% in urban India:Govt Survey
The Indian government's survey findings have shown the estimated average out-of-pocket medical expenditure per hospitalization case (excluding childbirth) during the last 365 days was about ₹34,064 (₹31,484 in rural and ₹38,688 in urban), while the median...
West Asia Conflict:Trump says Iran truce extension unlikely, Hormuz to stay blocked
US President Donald Trump Details about the next negotiating session, expected to take place in Pakistan, started to came into focus on Monday. Iran is also sending a team, according to people familiar with the plans who declined to be identified. Earlier, Tehran said...
Asian regulators stepping up banks’ cybersecurity risks amid Mythos AI Fears
Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met to review and discuss how to respond to the risks. In Australia, authorities expect lenders to be vigilant to ensure clients aren’t put at risk by...
India’s GIFT City finance hub grants first family office permit
The step underscores GIFT City’s aim to build a globally competitive and flexible regulatory ecosystem for foreign family offices and private wealth structures, the GIFT City financial regulatory authority said MUMBAI: India's Gujarat International Finance Tec-City...
India expands Russian marine insurance options
India has also extended the registration of Russia's Soglasie Insurance, Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance until February 20, 2027, to provide protection and indemnity (P&I) cover for ships. It has allowed Dubai-based Islamic...
Health insurance prm hits Rs1.37 trillion,surges 15.4 % in FY 26, Fire replaces Crop as 3rd largest industry portfolio
With No1 position, Health Insurance share in the Indian general insurance industry has inched up to 40.80 per cent in FY 26 from 38.63 per cent in FY25 In a noteworthy development, though, there has been no premium hike in the premium of mandatory TP Motor cover, for...
APAC Cat Report:Economic losses of $76 bn,Insured losses at $7 bn in 2025, says Aon
Extreme heat is also emerging as one of Asia Pacific’s most consequential climate risks, with rising temperatures placing increasing strain on public health systems, infrastructure and workforce productivity, Across the region, working hours lost to heat stress have...
Top panel headed by Cabinet Secy Somanathan to interview candidates tom to select 2 new IRDAI members
While for the member, Actuary, a lot of professional actuaries including from Life Insurance Corporation have applied, for member, Distribution, three serving CMDs of PSU general insurance companies,along with other professionals, are in the race. New Delhi: A top...
Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise the FDI limit in the pension sector may come in the Monsoon Session or Winter Session depending on various approvals, sources said. Currently, the FDI in pension fund is...
Illegal groundwater extraction in Najafgarh: NGT issues notice to Delhi govt, others
The green body was hearing a plea claiming unauthorised extraction by “private tanker mafia” operators in a plot in the Pankaj Garden locality of the area. New Delhi:The National Green Tribunal has sought a response from the Delhi government and others on the alleged...
SC issues pan-India directions for road safety, says expressways should not become corridor of peril
"The loss of even a single life to avoidable hazards like illegal parking or blackspots etc., represents a failure of the State's protective umbrella. The 'Right to Life' enshrined under Article 21 of the Constitution of India is not merely a guarantee against the...
Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows
U.S. President Donald Trump said on Friday Iran had agreed to open the strait, while Iranian officials said they wanted the U.S. to fully lift its blockade of Iranian tankers.Western shipping companies cautiously welcomed the announcements but said more clarity was...