by AIP Online Bureau | Jul 16, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management
The advisory comes amid heightened tensions in the Middle East after US strikes on Iranian military installations stoked fears of a wider regional conflict and potential disruptions to shipping through Hormuz. New Delhi:The Directorate General of Maritime...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News
A senior Yemeni official warned on Monday that the country’s armed forces were prepared to close the Bab el-Mandeb Strait – a move he said could send oil prices soaring to $200 a barrel – if Saudi Arabia continued to attack Yemen, according to a report on Iran’s Press...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance
The Bank of England and the Financial Conduct Authority laid out plans for a captive insurance regime, according to a statement Tuesday. Captive insurers are entities set up by companies or public institutions that provide their own cover. The UK has proposed rules to...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its latest midsummer outlook, the National Climate Centre forecast that as many as six tropical cyclones would hit China this summer, a higher number than average. These storms “are expected to be strong overall” and to affect mainly coastal areas of southern and...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Technology
“As banks, insurers and financial market infrastructures become increasingly reliant on cloud services, disruption at a major supplier could affect multiple firms at the same time, potentially impacting services customers depend on,” the government said in a statement...
by AIP Online Bureau | Jul 15, 2026 | Indian News, Non-Life, Reinsurance
Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The company said the quarter’s combined ratio included the impact of two large fire losses amounting to Rs 63 crore, which added 1 percentage point to the ratio. In addition, a recent Supreme Court...
by AIP Online Bureau | Jul 15, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The Panama Canal is exposed to specific hydrological risk, as reduced rainfall in the Gatún Lake watershed could again lower water levels, leading to draft restrictions and revenue pressure. Fitch Ratings says El Niño poses broad weather-related risks for Latin...
by AIP Online Bureau | Jul 15, 2026 | Indian News, Non-Life, Reinsurance
Ankur Gupta, CEO, Partner Re,GIFT City. Partner Re’s GIFT City branch will provide support to Indian clients, enhancing responsiveness, regulatory alignment, and ease of doing business, offering locally the depth of PartnerRe’s global underwriting expertise and...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism Bengaluru: Ransomware group...
by AIP Online Bureau | Jul 15, 2026 | Indian News, Life
Vibha Padalkar, MD & CEO, HDFC Life, said,”Growth during the quarter was underpinned by strong customer acquisition, with the number of policies growing in double digits and ahead of industry,” Mumbai:Despite having a slight fall in value in new margin...
