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Global Cat insured losses at least $100 billion for 1H 2025: Aon

Global Cat insured losses at least $100 billion for 1H 2025: Aon

by AIP Online Bureau | Jul 17, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

According to preliminary estimates, 1H economic losses in the U.S. alone reached at least $126 billion, surpassing 1994 ($115 billion) as the costliest 1H on record and significantly above the 1H average since 2000 ($41 billion). In contrast, economic losses in all...
Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance

Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance

by AIP Online Bureau | Jul 17, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Regulation

Industry expert said that with WestBridge Capital’s controlling stakes in both, KIWI General Insurance and Start Health, there may be a potential for merger. If that doesn’t happen then the only option is that WestBridge dilutes its holding in Star Health...

Cyber security and IT services provider Intersys sets up India operations

by AIP Online Bureau | Jul 17, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

Led by Tanmay Gore, director of Intersys India, located in Mumbai, will address a key challenge in the market: the difficulty of assessing and pricing cyber risk for organisations that often lack dedicated IT security resources Mumbai: London based Cyber security and...

Businesses expect a surge in conflicts and disputes as risk landscape worsens, Clyde & Co report

by AIP Online Bureau | Jul 17, 2025 | Eco/Invest/Demography, International News, Risk Management

James Roberts, Partner, London, said: “Economic pressures are triggering disputes where once there may have been a more pragmatic renegotiation. Contractual tensions are particularly visible in sectors like professional services, construction, and technology, where...

July 1 reinsurance renewals confirm downward pricing pressure: Fitch

by AIP Online Bureau | Jul 16, 2025 | International News, Non-Life, Reinsurance, Risk Management

Pricing across most reinsurance lines continued to gradually fall, as it had at the January and April renewals, and rates for loss-free property programmes fell by 10%–15%. In contrast, US casualty pricing was broadly flat, and retrocession pricing and coverage...
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