Atish Suri, CEO India, Middle East & Africa, stated,"In the...
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Peak Re ends 2025 with a $2.2 billion gross premium and net profit of $189 million
During 2025, the growth of Peak Re was primarily driven by the...
Apr1 Renewals: Reinsurance buyers in APAC secure double‑digit rate reductions, says Aon
Global demand for reinsurance increased by approximately 10 percent...
ESG Review-Course-correction underway among financial firms
The upshot is a broad-based retreat from the environmental and social principles that initially led financial firms to look for hires outside their usual stomping grounds. As a result, many of the climate scientists and campaigners from nonprofits who were hand-picked...
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave 1.6 billion euros ($1.82 billion), or 0.1%, off gross domestic product, noting it could take oil refineries a week or more to resume their operations fully, and that some industrial ovens had been...
Into the Cyberverse: Industry must prioritise product innovation and investment
Luke Foord-Kelcey, Global Head of Cyber, Howden Re, commented, “Cyber is maturing into a distinct asset class with diversified reinsurance product offerings. Cedents must continue to evaluate reinsurance purchasing strategies critically and holistically, ensuring...
SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled
A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...
Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert about Rs 3.5 trillion ($41 billion) worth of rates derivative contracts into bond forwards, people familiar with the matter said. Such contracts offer investors the opportunity to own the securities,...
U.S. insurers face higher loss costs and market risks from trade war: Fitch
Property casualty (PC) insurers face cost inflation in personal auto and homeowners’ lines from tariffs. Other watch items include increased severity of claims pressuring margins, and the effect of market volatility and potential losses on equity portfolios New...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI
"COAI feels that the cybersecurity measures need to be reinforced with clear outlines on the purpose, which is to free the people of such unwanted spam/fraud calls and messages to the maximum extent possible. For the same purpose, it may be judicious that similar...
Most women entrepreneurs seek tailored financial products to meet small business needs: Report
Women entrepreneurs from Tier II, III and beyond towns are ambitious, digitally aware, and determined to grow - but they are held back by structural gaps in finance, networks, and visibility, the report released on Monday said New Delhi: Most women running small...
Climate change may lead to increased probability of defaults: RBI DG Rao
M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers," he said at Credit...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country with...