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Saudi Re launches operations in GIFT-City
```We have a national expansion strategy, and that's where we identify India to be a key growth engine for us.Indian market could be also be a hub to serve the region,’’ said Ahmed Al-Jabr, Chief Executive Officer, Saudi Re while addressing the industry players...
Shefali Sehwani succeeds Shankar Gargipathy as Lloyd’s India CEO
Shefali Sehwani, country manager & CEO, Lloyd's India Currently, Lloyd's has one of its Syndicates, Markel , operating in India.Lloyd's also is diversifying its India exposure by venturing into the GIFT-IFSC, India's sole Internationbal Financial Services Centre...
Delhi tribunal awards over Rs. 1.62 crore to 21-year-old man injured in road accident
The tribunal awarded him a compensation of over Rs. 1.62 crore under various heads, including Rs. 59.36 lakh for loss of future earnings.Since the vehicle was insured at the time of the accident, the tribunal directed the insurer, The New India Co. Ltd., to deposit...
Signature Global to invest Rs380 cr on earthquake resistance technology
The 'Hysteretic Tuned Mass Dampers (HTMDs)' technology is a specialised system designed to reduce vibrations in high-rise buildings caused by wind and earthquakes.By controlling building movement, it enhances stability and occupant comfort. New Delhi: Realty firm...
LIC should continue focus on digital marketing: Nagaraju
M Nagaraju,Secretary,Financial Services Nagaraju expressed satisfaction with LIC’s consolidated AUM of ₹57.23 lakh crore and a yield of 8.9% on policyholders’ funds, supported by a strong solvency ratio of 2.13. This corpus may be used for incentivising growth of...
2025 among world’s three hottest years on record,WMO says
The WMO, which consolidates eight climate datasets from around the world, said six of them – including the European Union’s European Centre for Medium-Range Weather Forecasts (ECMWF) and the British national weather service – had ranked 2025 as the third warmest,...
DGCA imposes Rs 22.20 crore penalty on IndiGo over December 2025 flight disruption
The committee observed that an overriding focus on maximising utilisation of crew, aircraft, and network resources, which significantly reduced roster buffer margins. Crew rosters were designed to maximise duty periods, with increased reliance on dead-heading, tail...
Denmark-US rift triggers NATO deployment of forces in Greenland
“For us, ideas that would not respect territorial integrity of the Kingdom of Denmark and the right of self-determination of the Greenland people are of course totally unacceptable and we therefore still have a fundamental disagreement,” Danish Foreign Minister Lars...
Surging oil tanker insurance points to growing Black Sea chaos
Underwriters are now charging about 1% of the value of a ship for calls at any port in the region, according to people involved in the market. That’s up from about 0.7% at the end of last month. The cost of insuring ships sailing through the Black Sea is surging...
Venezuelan oil industry running on WhatsApp after cyberattack
The incident highlights just how frail the the country’s technological infrastructure is, even in the industry most responsible for its revenue. Decades of disinvestment and corruption have marred state-owned oil giant Petróleos de Venezuela SA, and US sanctions have...
Global risks enter “Age of Competition” as geoeconomic tensions dominate 2026 outlook: WEF
Societal pressures remain deeply interconnected with these economic and geopolitical stresses. Inequality was identified as the most interconnected global risk for the second consecutive year, closely linked to economic instability, misinformation and declining trust...
AM Best maintains stable outlook on India’s non-life insurance segment
“India’s long-term economic outlook remains favourable for non-life insurance growth despite the near-term moderation,” said Chris Lim, associate director, analytics, AM Best. Singapore: International rating agency AM Best has maintained its outlook on India’s...
Anuj Tyagi quits as MD&CEO of HDFC ERGO General Insurance
Anuj Tyagi, MD & CEO, HDFC ERGO General Insurance The board of the company has already initiated a structured sucession process to ensure continuity and stability. Tyagi will work with the team till mid April to ensure a smooth transition in keeping with the...
Indian stock exchanges to remain open on Sunday for Union Budget 2026
Nirmala Sitharaman,Union Finance Minister The Budget Session of the Parliament will commence on January 28 and will continue till April 2.Finance Minister will begin the presentation of the Budget at 11 a.m. in the lower house on February 1, the Speaker said in...
Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at no 2 in Asia Pacific
"Following the volatility and uncertainty of 2025, businesses continue to face interconnected and highly complex risks in 2026's fast-changing environment. Given the continuing rise of AI across society and industry, it is unsurprising that it is the big mover in the...
SC reserves judgement on father’s plea seeking passive euthanasia for son in coma for over 12 years
Passive euthanasia is the intentional act of letting a patient die by withholding or withdrawing life support or the treatment necessary to keep him alive. New Delhi: The Supreme Court on Thursday reserved its judgment on a plea filed by the father of a 31-year-old...
Allianz Jio Reinsurance applies for a license from IRDAI, starts leadership hiring
``We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity.As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services...
RBI issues norms for internal ombudsman in banks, NBFCs
The directions have been issued with a view to strengthening the internal grievance redress mechanism within regulated entities and ensuring a speedy and meaningful resolution of customer complaints by enabling a review by an apex-level authority within the entities,...