IndiGo airlines is bracing for a potential surge in aviation insurance costs upon policy renewal, influenced by escalating geopolitical risks and diminished reinsurance capacity following the recent Air India plane crash. The crash could lead to substantial hull and liability claims, impacting global reinsurance markets.
Dollar wobbles as markets cling to hopes for Middle East peace deal
Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on