Dean Klisura, President and CEO, Guy Carpenter Reinsurer return on...
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Indian Insurance Broking Industry-2026:Future trends and challenges
The old ways of doing business are no longer enough. Brokers are...
LIC collaborates with Sahaj Insurance Services to reach rural and semi urban areas
The Life Insurance Corporation of India (LIC) on Friday announced...
Absence of major losses paves the way for competitive pricing in power insurance sector: WTW
A shift in appetite from coal to non-coal power and the phasing out of underwriting existing coal risks have combined to encourage insurers to seek new opportunities in deploying their capital. We are seeing an increasing number of insurers seeking to offer long-term...
WTW to sell insurance distribution unit to public-equity firm for $632.4 million
“With the sale of Tranzact, we are exiting this direct-to-consumer market and accelerating our progress toward our long-term free cash flow margin goals,” WTW CEO Carl Hess said Willis Tower Watson said Tuesday it would sell its direct-to-consumer insurance...
Marsh McLennan strikes $7.75 bln deal for McGriff Insurance Services
Marsh McLennan said it expects the deal, struck through its Marsh McLennan Agency business, to enhance the unit's capabilities across commercial property and casualty, employee benefits, management liability and personal insurance lines Marsh McLennan, the largest...
Ardonagh’s A$2.3 billion acquisition receives approval from PSC shareholders
“Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies. PSC’s culture and values are closely...
Tokio Marine Kiln and Marsh launch exclusive $50 million market-first trade disruption facility for ports and terminals
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of...
Central Europe flooding could cause billions in insurance losses, analysts say
According to re/insurance broker Gallagher Re's estimate, insured losses are likely to range between EUR 2.0 – 3.0 billion (USD 2.2 – 3.3 billion) The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions,...
Howden forays into Japanese captive consulting and management markets with acquisition of Foresight
Takuya Aibe as CEO of Howden Japan’s retail business Foresight is headquartered in Tokyo with 17 staff across six offices and a management team that have previously held senior roles at leading Japanese insurance companies; it manages captives for 13 large Japanese...
Marsh looks for a new president for its Broking vertical in India
It is reliably learnt that the company is keen to have an insider from the Indian insurance industry to be appointed as a president of Marsh India Insurance Brokers and has hired a headhunter for the exercise Singapore: US based Marsh McLennan, the largest...
DBS looks for bancassurance partnership in India and Taiwan
The Singapore-based lender is working with Goldman Sachs Group Inc. as an adviser on potential bancassurance agreements for those markets, the people said, asking not to be identified because the deliberations are private DBS Group Holdings Ltd. is considering forming...