European Commission proposed a new set of sanctions against Russia. This is the 19th package after Russia's invasion of Ukraine. The sancti...

Tensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, ...

BRICS nations have decided to boost trade using local currencies and explore new financial infrastructures. They agreed to study the feasib...

A state-owned reinsurer in Russia has provided financial support to three Russian insurance companies. This backing enables them to obtain ...

While many businesses - driven by commercial convenience, balance of payments, and terms of global reinsurers - often prefer to deal in har...

Japan's LNG imports from Russia's Sakhalin-2 gas and oil project could be affected, the Nikkei said. The Sakhalin Island complex, partly ow...

In comments published on Telegram, Russia's embassy in the United States criticised what it said was the "reshaping" of free market princip...

European Union governments, seeking to curb Moscow's ability to fund the Ukraine war without causing an oil supply shock, are split over a ...

To sidestep this problem, New India changed the policy documents to exclude potential Russian risk, but has still not been able to issue a ...

The officials, including U.S. Treasury Secretary Janet Yellen, say the measure will limit the price that Russia receives for oil while allo...

“With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemp...

The extended ban includes any aircraft owned, operated or chartered by anyone connected with Russia or designated individuals or entities, ...

GIFT City is the only International Financial Services Centre in India, which is the financial services equivalent of special economic zone...

GIC Re has abandoned its quest to buy a Lloyd’s of London syndicate member and decided to apply for membership of the syndicate instead.

The Johannesburg-based Saxum is a composite reinsurer underwriting both life and non-life business, and after acquisition will become the o...

Hopes rise after France's foreign minister hints EU may lift some sanctions on Iran in December.

India is also hopeful that such a firm can help the country as it has abysmally low general insurance penetration.