Author: Sakib

Continued Downward Pressure in Asia Energy Insurance

Continued Downward Pressure in Asia Energy Insurance

Asia’s energy insurance market continues to be characterised by soft pricing conditions, supported by low regional loss activity and sustained excess underwriting capacity, even as global geopolitical tensions and economic uncertainty persist. According to Willis, a business of Willis Towers Watson Public Limited Company, losses associated with oil and gas production in Asia have remained […]
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India Sets Up $1.4bn Insurance Pool

India Sets Up $1.4bn Insurance Pool

India has approved a sovereign-backed maritime insurance initiative worth 129.8 billion rupees (around US$1.4 billion) aimed at strengthening protection for shipping and trade operations amid global geopolitical tensions and instability in international insurance markets. The decision was cleared at a Cabinet meeting chaired by Prime Minister Narendra Modi on 18 April. It was subsequently announced […]
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Midland Bank Adopts Axentec Cloud Midland Bank Adopts Axentec Cloud

Midland Bank Adopts Axentec Cloud

Midland Bank PLC has formalised a Memorandum of Understanding with Axentec PLC, a subsidiary of Robi Axiata, to implement advanced cloud computing solutions for its data centre management and core computing operations. The MoU was signed at Midland Bank’s head office in Gulshan-2, Dhaka, as stated in an official press release. The agreement was signed […]
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