Ajay Seth,chairman , IRDAI "The idea is to allow for an orderly...
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CyberCube and Blackpanda Partner to enhance Cyber Risk Analytics for brokers across Asia
Cyber risk models used across Asia have typically been benchmarked...
MS Amlin and European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
The expansion of the Ukraine Recovery and Reconstruction Guarantee...
Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports
The deal could be announced as early as Monday, Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing...
Insuring India’s New Economy: Data Centres, Warehouses and Logistics Parks
Insurers see huge growth potential, but these sectors bring serious risk complexities as well. Underwriters can no longer rely solely on standard construction, occupancy, fire protection and natural disaster exposure. They must look much closer at operational...
MS Amlin expands cyber portfolio with senior underwriting hires
“As market conditions evolve, we are focused on broadening out parts of our existing portfolio where we see the potential for further growth. Cyber is one of those areas, and we believe there is a clear opportunity to build a larger and more meaningful position in the...
TikTok, ByteDance settle US children’s privacy case for $400 million
The Justice Department sued TikTok in 2024 on behalf of the Federal Trade Commission, alleging the company allowed millions of children under the age of 13 to create accounts without their parents’ knowledge or consent while making it difficult for parents to request...
Envelop Syndicate 1925: Reinsurance MGA Envelop launches Lloyd’s Cyber Reinsurance Syndicate
While cyber treaty reinsurance will remain core, Syndicate 1925 will allow Envelop to expand its proposition to include other lines of business, increasing access to its proven capital management and underwriting capabilities to a broader range of partners. London:...
Girija Subramanian takes over as member Distribution,IRDAI
Girija Subramanian, member, Distribution, IRDAI Except the post of member, Actuary, all other Member positions have now been filled.Dinesh Pant, managing director, Life Insurance Corporation, who has already been selected for the post member, Actuary , is yet to join...
Favorable insurance market conditions continue despite increasing risk complexity, Aon Report
"The most pronounced impacts are in Marine Hull & War, Marine P&I, Aviation, and Terrorism & Political Violence, where insurers are exercising greater underwriting discipline, repricing risk and placing increased emphasis on policy terms and conditions....
Proposed Hormuz deal would give Iran control of inbound traffic, sources say
Despite the apparent step towards yielding to Iranian demands, the sources pushed back against assertions by U.S. President Donald Trump that a deal reopening the strait was imminent, saying important details still had to be agreed. A proposed deal between Iran and...
War Risk Insurance: Preparing for a new Geopolitical Reality
Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of natural-catastrophe peril globally, with insured losses rising roughly 12% a year, according to KatRisk, a risk modeling firm. At the same time, investors are getting more comfortable with the financial models being...