The acquisition follows recent regulatory foreign direct investment...
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London steps up bid to become global ILS Hub
London’s dominance in insurance-market infrastructure makes it an...
Allianz unit to cut up to 1,800 jobs in AI-driven overhaul
The cuts, which they expect to take the forms of severance...
Gujarat govt eases liquor consumption rules at GIFT City permit requirement scrapped
Now, liquor can be consumed in other areas too, such as lawn, pool side and terrace.As per the notification, any person coming for food is allowed to sit in the wine and dine area of a restaurant. Ahmedabad: Any person from outside Gujarat or India can now consume...
Private credit ratings face fresh scrutiny from global watchdogs
The Financial Stability Board, which monitors global risks, has high-level concerns about the potential for “ratings shopping” in private markets, where firms can seek grades on transactions from multiple providers and opt for the most favorable one, one of the people...
Swiss court admits Indonesian islanders climate case against Holcim
Holcim said it intends to appeal the decision and that the question of “who is allowed to emit how much CO2” should be a matter for lawmakers, not a civil court A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim,...
Hong Kong plans new crypto,infrastructure rules for insurers
The insurance regulator would impose a 100% risk charge on cryptoassets, according to a presentation on Dec. 4 seen by Bloomberg News. Stablecoin investments would attract risk charges based on the fiat currency the Hong Kong-regulated stablecoin is pegged to, the...
AI,cyber, and climate change will be key insurance themes in 2026, predicts GlobalData
Cyber and climate change/natural catastrophes are also key themes. Cyber insurance is continuing to see rapid growth, and this is forecast that to continue through 2030. GlobalData estimates the global cyber insurance market to be worth $22.2 billion in 2025 and $35.4...
Govt notifies new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, IRDAI to frame new regulations
Now, insurance regulator IRDAI will come out with new set of regulations in accordance with the new Act which provides a host of changes including hiking FDI from 74 per cent to 100 per cent for the Indian insurance companies The new Act introduces one-time...
Amendment of Insurance Laws Bill, 2025:Achieving “Insurance for All” by 2047
The Insurance Act 1938 did not contain any definition of “insurance business”. The Bill now seeks to define this term to mean the business of effecting insurance contracts, as well as any other form of contract that may be notified by the Central Government in...
President grants assent to SHANTI bill that opens up nuclear sector for private participation
President Droupadi Murmu The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the...
100% FDI in Insurance:India’s big-bang financial reforms target wave of foreign money
All these reforms come as Prime Minister Narendra Modi and his administration want to make India a developed economy by 2047,a goal that requires economic growth of about 8% per year, and policymakers are betting on rapid industrialization and deeper capital markets...
Catastrophe bonds linked to wildfires lose ‘untouchable’ status
More than $5 billion of cat bonds with some level of exposure to wildfire risk were issued by insurers and sold to investors this year, according to Artemis, a specialist in insurance-linked securities that tracks market trends. That’s more than twice the level in...