Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce...
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Maritime insurance premiums surge as Iran conflict widens,in some cases by more than 1,000%
Analysts at Jefferies estimated on Thursday that potential industry...
Strait of Hormuz shipping is at near-total halt, JMIC says
A review of shipping signals have confirmed only two commercial...
Brokerslink appoints Tushar Thakker as its new regional manager for APAC region
The new Steering Team for Asia Pacific includes- Tony Lim, CEO of Acclaim in Singapore, David Withers – Managing Principal of PSC in Australia, Simon Wallington, CEO of CORNES in Japan, Stephen Chin, vice president of State Insurance Brokers in Malaysia Tushar...
Aon names Anshuman Srivastava as Reinsurance Global Chief Broking Officer
“As we navigate an evolving reinsurance landscape, our clients are increasingly focused on sustainable reinsurer relationships, choosing strategic partners rather than simply capacity providers,'' George Attard, global Head of Strategy for Reinsurance Aon plc named...
Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new reality: volatility and uncertainty are now constants for organizations. From evolving tariffs to shifting alliances, these forces directly impact organizations' balance sheets. Building resilience...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
Howden to acquire Gravitas, to accelerate global Sport & Entertainment capabilities
This announcement follows Howden’s other recent Sport & Entertainment acquisitions across the world, including: UK performing arts insurance broker, Hencilla Canworth; German film and entertainment insurance broker Franz Gossler; and Boni Aldaya, Spain’s leading...
Gallagher teams up with Vanguard Tech to support clients with maritime risk and security insight
Gallagher can now provide clients with a tool which helps to estimate risk and an in-depth, automated assessment on vessel safety at the outset and throughout its passage, meaning the likelihood of an incident is vastly reduced and insurers receive an added level of...
Irdai chairman Ajay Seth launches Bima Sugam website
``The launch of the website today is an important milestone, and I am confident that with collective industry commitment, the vision of 'Insurance for All by 2047' — as part of the Prime Minister's mission of Viksit Bharat 2047 — will become a reality. Ajay...
North Korean hacking grp uses ChatGPT to create a deepfake to attack South Korean target
Attackers used the artificial intelligence tool to craft a fake draft of a South Korean military identification card in order to create a realistic-looking image meant to make a phishing attempt seem more credible, according to research published Sunday by Genians, a...
US PE giant Blackstone buys majority stake in Ace Insurance Brokers
Ace Insurance Broker known for arranging major covers for Adani Group Market sources say Blackstone has acquired 70 per cent of Ace , set up by Raj Vinay Ajmera and Anil Arora, for over Rs 1700 crores Though, Blackstone has majority stakes with a five year lock in...
WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will...