“The renewable energy industry is transforming at a speed which can be difficult to track. This can be seen in the record growth in solar PV and wind capacity additions - beating previous year’s record, as well as the increasing interest from insurers in offshore wind...
Intermediaries
Marsh raises stake in its India JV to 92% from 49%
Though the financial details have not ben disclosed Marsh has informed that as part of the transaction, which has been approved by the IRDAI, it has acquired the share from local partners, including the entire shareholding of the Rampart Trust Earlier, other global...
Insurance industry joins initiative for decarbonising global shipping
"The disclosure framework provided by the Poseidon Principles will enable us to credibly report our progress towards net-zero insurance using granular marine data," Patrizia Kern, marine head at Swiss Re Corporate Solutions, said in a statement Other insurers and...
MALAYSIA:Malene Insurance Brokers becomes Howden Takaful Brokers
Howden Takaful Brokers’ team of 30 specialists will offer bespoke shariah-compliant solutions across Howden’s product range. They will sit alongside Howden’s other broking teams and will offer clients seamless access to bespoke Takaful solutions in specialty,...
Howden acquires Hong Kong based Expat Marine
Julian Franzman, Regional Head of Howden Marine Specialty, noted: “This acquisition will strengthen our overall offering for our marine clients in Hong Kong, and reiterates Howden’s ongoing strategy of empowering local teams to partner with culturally-aligned...
WTW unveils new partnership to develop digital solution for to global insurance market
Combining Willis Towers Watson’s Radar Live with CodeEast's ONEview digital insurance platform provides a solution that maximises profit margins through real-time risk assessment and reduces operational costs by deploying state-of-the-art insurance product...
China’s birth rate falls to four-decade low: Report
The country's birth rates have been steadily falling for years now, mostly because young people can't afford to have kids, and more financially independent women have decided to embrace a single, childless lifestyle. China's birth rate fell to its lowest point in more...
Aon appoints Jillian Slyfield as Chief Innovation Officer
"In a world that is more volatile, interdependent and faster moving than ever before, the risks our clients face are becoming more frequent and severe and the need for better decisions has never been greater," said Aon CEO Greg Case . CHICAGO: Aon plc, a leading...
US Policyholders pull back from digital claims in post-pandemic insurance world
"We're seeing some customers are heading back towards saying 'I was willing to do that during lockdown, but I want to go back to a place where I can see people and speak to them directly'," said Zurich's Group Chief Claims Officer Ian Thompson Across financial...
Willis Appoints Former Lloyd’s CEO Beale and 3 others as new directors
The announcement comes months after a pushback from U.S. regulators forced Willis and Aon to call off their $30 billion merger that would have created the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc . London: Willis...