Gulf war risk premiums have risen fivefold in recent days compared...
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Middle East Crisis:Global Marine re/insurers issue notices of cancellation(NOC) under standard 7-day war clauses
Additional premiums for vessels transiting high-risk waters are...
Miller expands reinsurance offering into MENA through acquisition of Shields
James Hands, CEO, Miller, said, “Miller has worked with clients in...
Lockton India appoints Girish Mantri from Howden India as CFO
Lockton, the world’s largest privately held, independent insurance broker, has roped in Girish Mantri from Howden India as its chief financial Officer (CFO) at Lockton India. With over 19 years of extensive experience in the insurance broking industry, Girish brings a...
Aon sued for its role in collapse of Israel insurtech Vesttoo
The lawsuit claims Aon “ignored red flags” about letters of credit and encouraged counterparties to work with Vesttoo despite expressing concerns internally about the business. The trustee, Lawrence Hirsh, alleges the insurance broker partnered with Vesttoo in an...
Lockton hires Darshan Parikh from Marsh
Lockton, has announced the appointment of Darshan Parikh as senior director, corporate solutions group (CSG).He was with Marsh Insurance Brokers, where he led the Marine, Aviation, and Facultative Reinsurance businesses. With over 15 years of experience in global and...
UK’s UIB group exits Indian re/insurance broking market, merges local JV with Edme
The exact details of the deal has not been disclosed by either parties. UIB Group had a miniority stake in the Indian insurance broker with Indorama SPL Group and Lucas & Mayo Group as majority shareholders Mumbai: UK based UIB Group, one of the largest...
Emirates to ban use of power banks aboard its flights
The airline said the “significant growth” in customers using power banks in recent years has led to a rising number of lithium battery-related incidents during flight across the industry. Emirates will ban the use of power banks aboard its flights and only allow...
Howden Re strengthens regional presence with Dubai license
Howden Re’s expanded Dubai operations will build on its current broking services, with a focus on its treaty, facultative and MGA reinsurance offering and reinforcing its regional growth strategy. London: Howden Re, the global reinsurance, capital markets, and...
JFSL set to become premier financial services enterprise by embracing technology
K V Kamath,Chairman , JSFL Observing that one must also remember that the business of financial services is premised on trust, he said, "even as we harness the full potential of technology to make financial services more experiential and efficient, we must remain...
AON and Willis make key appointments in India
Aon has appointed Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India while Willis, a business of WTW, announced the appointment of Azad Kumar as Growth Leader of Energy, Construction and Marine in India. Mumbai: Two large overseas re/insurance...
Aon promotes Rupert Moore as CEO, Reinsurance, Asia Pacific
Rupert Moore,CEO-designate, Reinsurance, Asia Pacific Moore will relocate to Singapore later this year and serve as an advisor to Aon’s APAC CEO Jennifer Richards to help advance the firm’s Risk Capital strategy for Japan DUBLIN: Global re/insurance intermediary Aon...
Insurance brokers should maintain high governance standards and business ethics: IRDAI member
Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO, Reliance General Insurance,Satyajit Tripathy, member, Distribution, IRDAI , Naveen Chandra Jha, MD & CEO, SBI General Insurance, Abhilash Sridharan, Partner, McKinsey & Company at a panel...