Officials in the state divestment department kept the launch date a...
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Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive...
Swiss Re strikes exclusive partnerships with India’s Bajaj General Insurance
Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: "Our...
Social media platforms accountable to Indian laws, investigation agencies: Allahabad High Court
The court made the observations when an investigation officer informed it that the social media platform X was not providing the URL ID and IP address of the handle on which the petitioner’s alleged obscene videos and photographs were posted.Under the circumstances,...
Aviva buys out Dabur’s 26%, takes full control of its Indian life JV
The acquisition follows recent regulatory foreign direct investment ("FDI") changes in India, which now allow foreign insurers to increase their shareholdings in local insurance companies to 100% This is the second deal in the Indian insurance sector in a week when a...
London steps up bid to become global ILS Hub
London’s dominance in insurance-market infrastructure makes it an obvious destination for issuers of catastrophe bonds and other ILS products, says Caroline Wagstaff, chief executive of the London Market Group, whose members include insurers operating in the world’s...
Allianz unit to cut up to 1,800 jobs in AI-driven overhaul
The cuts, which they expect to take the forms of severance agreements, early retirements and similar options, will amount to between 1,500 to 1,800 positions across Europe, the unit’s chief executive officer Tomas Kunzmann said at an event late Tuesday in Munich....
War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz
In the past 24 hours, war insurance rates for ships inside the Gulf have already ticked higher towards 3% of the value of a vessel from 2% at the end of last week, said the sources, who declined to be named due to the sensitivity of the matter. Some war underwriters...
AIC conferred 17th Impact Leadership Award 2026
L-R:Haribhau Kisanrao Bagde,Governor, Rajasthan, Dr Lavanya Mundayur, CMD, AIC, Rajnath Singh, Union Defence Minister,Justice P Sathasivam,Former Chief Justice of India and Former Governor of Kerala at the the Agriculture Leadership Awards ceremony on Wednesday in New...
Trump says interim accord to end war is ‘over’ after Iranian strikes
In a flare-up of hostilities that pushed oil prices up to a two-week high, Iran said it had targeted U.S. military sites in Bahrain and Kuwait after U.S. forces struck Iranian targets in response to attacks on tankers in the Strait of Hormuz. Ankara: U.S....
AI investment to cushion global insurance slowdown amid geopolitical turmoil: Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said,"The latest Middle East conflict is not a one-off shock but another sign that geopolitical risk has become a structural feature of the global economy with four supply shocks in six years. As economies invest in AI...
Attack on Qatari LNG vessel in Hormuz challenges US mediation
Three separate attacks on ships would mark the highest number since the US and Iran signed an interim peace deal last month, underscoring the continued risks to ships crossing through Hormuz. Tehran has repeatedly said it won’t allow vessels to transit the waterway...
Banks’ exposure to heat-related losses faces scrutiny in EU
Heat-related damage tends to be less straightforward to measure than losses caused by floods and wildfires, the EBA said. For now, the next stress test measuring European bank resilience will focus on flood risk. The process, which extends into 2027, will be handled...