The IRDA, on Jan 22, has imposed a fine of Rs 1 crore on Wealthkart...
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Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events...
Urban Company and HDFC Pension forge partneship to secure future of 50,000 service professionals
As part of the affiliation, HDFC Pension will manage pension...
Liberty appoints Edrick Tang as senior underwriter, Fine art and specie, Asia Pacific
Fine art and specie is a key area of growth for Liberty, particularly in the Asian market, which is developing rapidly. There is a notable increased appetite from brokers and assureds, which Liberty is responding to by establishing a footprint in the region....
Adam Sullivan appointed CEO of Asia for Gallagher Specialty
Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today announced the appointment of Adam Sullivan as CEO of its specialty operations in Asia. The business supports clients across sectors including energy, marine, heavy industry, mining, property and financial...
Allianz Jio Reinsurance applies for a license from IRDAI, starts leadership hiring
``We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity.As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services...
Alliance Insurance Brokers appoints Aatur Thakkar as CEO and Principal Officer”
Mumbai based Alliance Insurance Brokers has appointed Aatur Thakkar as its CEO and Principal Officer, succeeding founder Shashikant Thakkar, who will continue in a strategic advisory role. Under Aatur’s leadership, the company aims to scale premiums under management...
Black Sea war insurance rates jump after tanker attacks, sources say
``Black Sea war rates were extremely volatile and were changing on a daily basis.Right now, they are spiking due to a number of incidents, and we wouldn’t be surprised to be quoted in excess of 1%, dependent on the vessel’s value, ownership or proposed port of call,,...
Natural disasters cause US$224bn global damage in 2025, insured losses at US$ 108bn, says Munich Re
In the Asia-Pacific region, natural disasters resulted in overall losses amounting to roughly US$ 73bn; this is above the 10-year average of US$ 66bn. Only US$ 9bn was insured. In many lower-income countries, insurance penetration remains below 5% Munich: Natural...
Tamil Nadu pays Rs 1237.80 cr of premium to UII for renewing state’s health insurance scheme in 2026-27
The scheme provides cashless hospitalization for specific ailments/procedures up to ₹5,00,000 per family per year on a floater basis and from January 2022 to 2027, the scheme is being implemented through UII. Chennai:The Govt of Tamilnadu on Monday has renewed their...
Aon promotes Neha Shah as head of its Life and Health (L&H) business India
International broker Aon has promoted Neha Shah as to head its Life and Health (L&H) business India. Shah, an actuary, who had joined Aon's L&H team last year, will be responsible for leading and supporting the strategy execution for the reinsurance business...
Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant opportunities and increasing complexities companies face within the Natural Resources and Construction industries in Asia Singapore: Willis, a WTW business, today announced new appointments to its...
Aon’s Eric Andersen to join as AIG’s President and CEO-Elect
During his time as President of Aon from 2020 through 2025, Andersen led global programs that achieved gains in operational efficiency, improved performance for clients and the firm, increased shareholder returns and grew market value from $35 billion to $85 billion....