The company, which also operates online credit marketplace...
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Wipro, Microsoft to launch GenAI-powered assistants for financial services
“This new solution set, powered by Microsoft, will help provide...
BMS launches new global healthcare division with Rob Wendin to lead
BMS, the independent specialist insurance and reinsurance broker,...
DUAL launches new capability in title insurance in Australia & New Zealand
The primary focus will be (i) real estate transactions involving commercial real estate located in Australia, New Zealand, Hong Kong and Singapore and (ii) M&A transactions involving target companies and trusts across markets including Australia, New Zealand, Hong...
FIU notifies fresh money laundering, terror financing reporting alerts for insurance and capital market players
A working group, that included insurance regulator IRDAI, went into issues related to the insurance sector during 2022-23 fiscal and the revised guidelines laid "special stress" for generating alerts in cases of frauds experienced by the insurance firms and analyse...
Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance coverage of its kind to protect cargo vessels within an active conflict zone, which encompasses the Bab al-Mandab Strait, the Red Sea, and the Indian Ocean" LONDON: Howden has started offering war risk...
Shailendra Sapra named as CEO of Aon’s Reinsurance Solutions in India
Aon plc has announced that Shailendra Sapra had been named CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s reinsurance executive committee, effective June 1st, 2024. Based in Mumbai and reporting to George Attard, CEO of Reinsurance...
ICICI Lombard partners Policybazaar to sell its products
ICICI Lombard General Insurance has partnered with Policybazaar to distribute its product the insurance platform . The collaboration encompasses access to nearly 10 million customers with a wide range of insurance products, including motor insurance, health insurance,...
Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers
The acquisition strengthens Aon’s existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon’s talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace
``No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA's new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the players. The...
Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon
George Attard, CEO of Asia Pacific for Aon’s Reinsurance Solutions, said, “The April 1st reinsurance renewals were more predictable and generally favorable to reinsurance buyers. As mid-year renewals get under way for the catastrophe-exposed markets of Florida,...
M&A activities: Private Equity dry powder set to stimulate deals in 2024
Asia, the Middle East, and India were the most stable markets. Asia saw an influx of new insurers and exhibited a broader risk appetite, and while the Middle East and India saw a decrease in the overall number of deals, an increase in $1bn+ enterprise value deals saw...
PB Fintech to set up payment aggregator subsidiary
The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance...