Government Okays Rs 129.8 Billion Maritime Insurance Pool

27 Apr 2026 CW Team

The central government has approved a maritime insurance pool worth Rs 129.8 billion (bn) to strengthen risk cover for the shipping sector. The move is intended to expand underwriting capacity for high value hull and cargo risks and to address coverage gaps that have challenged domestic carriers and exporters. Officials described the pool as a strategic instrument to stabilise insurance availability and to support logistics chains connected to international trade.

The pool aggregates capacity from public and private insurers together with reinsurance arrangements and a government backstop to enhance solvency for major claims. It provides standardised terms to reduce the need for multiple layered placements that can increase cost and complicate claims settlement. The arrangement is structured to improve access to comprehensive cover and to deliver more predictable pricing for ship operators and cargo interests.

The pool covers a range of maritime perils and offers both hull and cargo protection, supporting domestic tonnage and operators engaged in liner and bulk trades. By centralising capacity, the mechanism aims to shorten negotiation timelines for high exposure risks and to reduce reliance on multiple foreign market placements. The design seeks to strengthen the continuity of cover during periods of heightened claims activity.

Regulatory coordination and oversight are in place to finalise operational terms and governance for the pool while the government monitors its effectiveness against stated objectives. The initiative is intended to lower systemic risk within the maritime insurance market and to facilitate investment in shipping services, thereby supporting export competitiveness and supply chain resilience. Market participants and insurers will be required to comply with reporting and capital adequacy norms set by regulators.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..