Rishi Mehra, CEO, India and Head of Strategy, Human Capital, Asia...
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Intermediaries
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Aon appoints Nick Fraccalvieri as CEO of global facultative for its Reinsurance Solutions
In his new role, Fraccalvieri will be responsible for setting the...
Ardonagh continues expansion in Asia, acquiers Hong Kong’s Risk Management Insurance Brokerage
Founded in 1996, RMIB has built a business in Hong Kong, advising...
Hemant Nagpal to head Gallagher Re’s APAC Analytics, Rohan Bhappu to join Howden Asia
Gallagher Re has appointed Hemant Nagpal, an insider, as its head of Analytics, Asia Pacific, with a focus on driving our analytics strategy for the region. Darren Murch will become deputy head of Analytics, Asia Pacific, working closely with Hemant to support the...
Lockton unveils new global Parametric Insurance Practice
The parametric insurance market is projected to reach $39.3 billion by 2032, according to Global Market Insights, underscoring the demand for alternative solutions to cover gaps in conventional commercial property insurance KANSAS CITY: Lockton, the world's largest...
Aon and EBRD launch innovative war risk insurance facility for Ukraine
Under the new €110 million Ukraine Recovery and Reconstruction Guarantee Facility, the EBRD will support global reinsurance companies through a guarantee covering losses on specific war-related risks underwritten by local Ukrainian insurers DUBLIN: Aon plc, a leading...
IRDA may unveil new regulations to check insurers’ overdependence on promoter banks
In some cases, parent banks of insurers are selling over three-fourths of the policy, the official, who did not wish to be identified, told reporters in Mumbai Mumbai: Insurance industry watchdog Irdai wants insurers to diversify their distribution channels and may...
IndiaFirst Life launches 18 new agency branches
IndiaFirst Life Insurance Company Limited (IndiaFirst Life) announced the launch of 18 Agency branches. Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life, said, “The expansion of our Agency channel across the length and breadth of the country is a critical...
LIC to spend up to Rs 840 crore for Bima Sakhis, targets Rs 4,000 crore new business in 1st yr
Siddharth Mohanty, MD and CEO, Life Insurance Corporation Talking about proposed changes in the Insurance Act, LIC MD and CEO Siddharth Mohanty said composite licensing boosts the industry and LIC has no issue with it. The proposed changes in the Insurance Act only...
Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business
Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
PM Modi to inaugurate women centric LIC Bima Sakhi Yojana on Monday
Prime Minister Narendra Modi Aiming to provide rural women with job opportunities as insurance agents, a woman agent in LIC Bima Sakhi Yojana will earn Rs 7,000 per month in the first year, Rs 6,000 in the second year and Rs 5,000 by the third year. Additionally, an...
Policybazaar partners with Ophthalmologist Society of India to provide cover for litigation risks
Policybazaar for Business (PBFB) has partnered with the Young Ophthalmologist Society of India (YOSI) to offer customised insurance solutions to young eye care professionals .It includes coverage options ranging from Rs 50 lakh to Rs 3 crore, with annual premiums...
Magma HDI General Insurance ties up with Mahindra Finance
Magma HDI General Insurance Company has entered into a corporate agency agreement with Mahindra Finance, Under this agreement, Magma HDI will provide tailor-made insurance solutions to Mahindra Finance customers with a bouquet of general insurance products within the...