PVI Insurance Corporation has reinforced its position in the international insurance market after securing an A– (Excellent) financial strength rating with a stable outlook for the fourth consecutive year. The rating was reaffirmed by global agency AM Best, highlighting not only the company’s recent growth but also the durability of its financial structure and risk […]

Private jet operators are facing unprecedented “war risk” insurance premiums of up to $50,000 to land in the Gulf, costs that in some cases can more than double the price of chartering an aircraft into the region. To mitigate these expenses, some operators are refuelling outside the Gulf and minimising ground time at regional airports, […]

In a significant development following the recent resignation of Atanu Chakraborty as chairman, HDFC Bank has terminated the employment of three senior executives at its Dubai International Financial Centre (DIFC) branch, citing lapses in client onboarding procedures. The bank, India’s second-largest lender, took the action amid allegations of mis-selling Credit Suisse’s additional tier-1 (AT-1) bonds, […]

The escalating conflict involving Iran is placing unprecedented pressure on the global aviation insurance market, affecting underwriting, premiums, and overall risk management, according to global law and insurance firm Kennedys. As geopolitical tensions rise, the aviation war risk segment is emerging as a key vulnerability, reflecting both immediate operational challenges and longer-term market uncertainties. Airspace […]

Amid rising geopolitical tensions linked to the Iran conflict, global insurance markets—particularly in the Asia‑Pacific region—are witnessing a surprising surge in mergers and acquisitions (M&A). While war‑risk exposures climb sharply, the appetite for strategic consolidation and expansion among insurers remains undiminished, signalling confidence in long-term market resilience. The ongoing Iran conflict has disrupted critical shipping […]

Wildfires and storms dominate insured losses despite quieter hurricane season In 2025, secondary perils—including wildfires, severe convective storms (SCS), and floods—were responsible for an unprecedented 92% of global insured natural catastrophe losses, according to the Swiss Re Institute. Total insured losses reached US$107 billion, driven primarily by the frequency of events affecting densely populated and […]