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Jan1 Renewals:Market softens as reinsurers grow capital following strong returns, GC Report
Dean Klisura, President and CEO, Guy Carpenter Reinsurer return on...
Indian Insurance Broking Industry-2026:Future trends and challenges
The old ways of doing business are no longer enough. Brokers are...
Gallagher appoints Ajit Horra as its India CEO
Ajit will lead Gallagher’s 180 strong team, which is headquartered in Mumbai with regional offices in Bengaluru, Bhubaneshwar, Chennai, Delhi, Gurugram, Guwahati, and Kolkata. The team offers a wide range of insurance and risk management services and has expertise in...
Miller continues Asia expansion, enters Korean market
Ron Whyte, Head of Asia at Miller, commented: “Today’s announcement further demonstrates Miller’s commitment to the Asian market, which remains a cornerstone of our ambitious international growth objectives London: Miller, an independent specialist (re)insurance...
McGill offers property war reinsurance for Ukraine
McGill said it had collaborated with local Ukrainian insurer ARX to provide up to $50 million in cover for each commercial property policy, with reinsurance from companies in London, including Lloyd’s of London syndicates Broker McGill and Partners has launched a...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, "We expect a majority of the losses to be related to homeowners' coverage and a significantly lesser amount to commercial," it said U.S. private forecaster AccuWeather...
LIC’s Bima Sakhi Yojana records over 50,000 registrations within one month of launch
LIC Managing Director and Chief Executive Officer Siddhartha Mohanty said, "It is our objective to cover each panchayat of the country with at least one Bima Sakhi within one year. LIC is strengthening the Bima Sakhi stream by grooming women with appropriate skills...
Lloyd’s CEO John Neal to join Aon as global Reinsurance CEO and chairman of climate solutions
John Neal Neal, after six years in Lloyd's as a CEO, will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near or below 90% and a low-teens ROE for 2024. Not only have reinsurers' operating and performance ratios improved but so have aggregate balance sheet metrics, providing some context around how quickly and...
Jan 1 renewals see softening of reinsurance pricing, favourable market conditions to persist in 2025: Howden
After an extended period of rate increases across the (re)insurance sector – driven by accumulating and intersecting crises, capital constraints and cyclical adjustments – the availability of deployable capacity in the marketplace signals a new phase in the cycle,...
Embracing 2025: Year of Purpose & Opportunities
2024 has been a pivotal year for the Indian insurance industry, marked by significant reforms and policy changes.2025 will be a key year as it will see further movement in industry and government efforts towards the Insurance for all by 2047 vision Four CEOs of the...
Insurtech- For Quick & Seamless Customer Service
Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance The integration of technology in the insurance claims process is not just a trend, it’s evolution. With the combined efforts of insurers, regulator, and government bodies like the National Health...