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Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology

Researchers at the Lloyd’s insurer found so called “supershear” earthquakes accounted for 66% of insured losses from earthquakes since 2016 – equivalent to $13.2 billion – yet are absent from seismic hazard models, building design codes and insurance catastrophe...
Aon appoints José María Navas as chief claims officer for EMEA

Aon appoints José María Navas as chief claims officer for EMEA

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance

In this role, Navas leads the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities to support clients in navigating an increasingly complex claims environment. DUBLIN: Aon plc today announced the appointment of José...
Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits

“While mature markets benefit from broader claims experience and greater transparency, limited loss data in less mature markets should not be mistaken for lower malicious or non-malicious exposure.These markets require even stronger underwriting discipline and careful...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner

Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Life, Regulation

Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd’s promoter and CEO Rajesh Mehta from dealing in the company’s securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress...
Kotak Life appoints Amit Palta as Deputy Managing Director

Kotak Life appoints Amit Palta as Deputy Managing Director

by AIP Online Bureau | Jun 4, 2026 | Briefs, Life

Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director – designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
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