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Soft Market:Air India renews its $20 billion cover with just 10% hike despite $475 million claims from Ahemedabad crash

Soft Market:Air India renews its $20 billion cover with just 10% hike despite $475 million claims from Ahemedabad crash

by AIP Online Bureau | Mar 25, 2026 | Breaking News!, Indian News, Non-Life, Reinsurance

London market sources said AI’s premium has just risen by around 10 per cent over the last last year premium when it had paid $30 million covering $20 billion of assets and liabilities for around 300 aircraft. London/Mumbai:Post the Ahemedabad crash, Tata owned...
Markel expands its APAC W&I business, makes new appointments in Hong Kong and India

Markel expands its APAC W&I business, makes new appointments in Hong Kong and India

by AIP Online Bureau | Mar 25, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Kevin Leung, Chief Underwriting Officer, Asia-Pacific, said: “Expanding our W&I capabilities across Asia Pacific is a natural progression, as demand for highly technical transactional risk solutions increases. Establishing dedicated underwriting presence in Hong...
Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC

Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC

by AIP Online Bureau | Mar 24, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Two of Lloyd’s Syndicates, Syndicate 2047 set up by Bobby Swarup’ Niyam Group and Syndicate 2454, belonging to Africa Specialty Risks(ASR), have already announced their decisions to be part Lloyd’s platform in the GIFT-IFSC. GIFT...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance

NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance

by AIP Online Bureau | Mar 24, 2026 | Eco/Invest/Demography, Indian News, Life, Policy

Taking cognisance of the complaint, the bench of the Commission headed by Priyank Kanoongo has issued a notice to Insurance Regulatory and Development Authority of India (IRDAI), directing it to take appropriate action in this matter and submit a response to the...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

by AIP Online Bureau | Mar 24, 2026 | International News, Non-Life, Reinsurance

Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over from Apr 20, is currently based in Singapore and handles markets like India, Korea, Hong Kong and Taiwan, for Swiss Re. Hong Kong:Victor Kuk, Swiss Re’s Head of Client Markets for P&C...
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