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IRDAI plans sweeping reset of insurance distribution, say experts
“The changes would directly affect automobile dealers, OEM-linked...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client...
LICHFL becomes a corporate agent of Niva Bupa Health Insurance
Niva Bupa Health Insurance has signed a corporate agency agreement with LICHFL Financial Services to expand access to comprehensive health insurance solutions.Prakash Kumar Sinha, CEO, LICHFL Financial Services, said, “This partnership brings together our network and...
IRDAI repeals guidelines on repatriation of dividends by intermediaries owned by foreign investors
The new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, among other things, has removed the requirement of obtaining prior approval of the Authority for the repatriation of dividends and the condition on related party payments. Hyderabad:The IRDAI said it...
Aon appoints Jane Drummond as global chief commercial officer
Jane Drummond, global chief commercial officer-designate Currently, Jane Drummond serves as chief commercial officer of Asia-Pacific, working with sales leaders and country CEOs to drive new business, strengthen strategic client relationships and enhance commercial...
Aon launches CyQu marketplace for better cyber risk management
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk...
Pension Sakhis to take retirement security to rural India
Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) today signed a Memorandum of Understanding (MoU) to create and support a community-based outreach mechanism of ‘Pension Sakhis’ across rural India. New Delhi:In a...
Laurent Rousseau appointed as Head of International, Marsh Re
Laurent Rousseau as Head of International, Marsh Re said,“Today’s risk environment demands both deep local expertise and a truly global perspective. I look forward to working with our international teams to build on our strong foundation and bring the tailored...
Howden Re launches analytics on SRCC risk
The launch comes at a moment of acute market focus on SRCC risk. Insured losses from civil unrest events have risen sharply in recent years, driven by an increasingly volatile geopolitical environment, yet the analytical tools available to the market have not kept...
Guy Carpenter changes its brand name to Marsh Re
Guy Carpenter, the reinsurance arm of Marsh, the largest international re/insurance broker has changed its brand name to Marsh Re. ``As Marsh Re, we are entering a new chapter that enhances how we serve clients in an increasingly complex risk environment.With the full...
Aon strikes $17 billion deal for rival USI as insurance consolidation accelerates
“Combining with USI will establish the premier U.S. middle-market platform, deepen our context advantage and position Aon to accelerate organic growth,” said Greg Case, president and CEO of Aon, in a statement. Aon plc early Monday confirmed a definite agreement to...
IGI launches of Cipher, a Specialty Treaty Reinsurance platform focussing Cyber
Waleed Jabsheh,President & CEO,IGI The initial focus of Cipher is to develop a portfolio of cyber treaty business with lead capabilities, targeting high-growth emerging risks within an MGA structure. This platform can be utilized for future growth and...