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Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
"CCI approves the proposed combination involving acquisition of...
Magma General Insurance partners with Toyota Tsusho Insurance Broker India
Magma General Insurance has announced a strategic partnership with...
Willis Towers Watson appoints Aon’s Hugo Wegbrans as Global Head of Broking and Broking Strategy
Hugo joins WTW from Aon, where he has most recently been Leader, Global Strategies, for its Commercial Risk Solutions business. Prior to that, he served as Global Chief Broking Officer. He has spent the majority of his 35-year career with Aon. LONDON: Willis Towers...
PB Fintech shares list with over 17 pc premium
The stock made its debut at Rs 1,150, up 17.34 per cent on both the BSE and NSE. It then gained 22.95 per cent to Rs 1,205 on the BSE. The initial public offer of PB Fintech Limited was subscribed 16.59 times earlier this month. Mumbai: Shares of PB Fintech Ltd, which...
WTW partners with Indeez for gig workers and digital platforms in Asia Pacific
Simon Weaver, Head of Corporate Risk & Broking, Asia Pacific, and Head of Australasia, WTW said: “Prior to the outbreak of COVID-19, the International Labour Organisation estimated that 1.3 billion people were working in the gig economy in 2018 in this region. The...
Willis Towers Watson appoints Clare Muhiudeen as Head of Asia
Based in Hong Kong, Clare will be responsible for driving business growth and directing Willis Towers Watson’s (WTW) client and colleague experience across its business segments in Asia. Reporting to Pamela Thomson-Hall, Head of International at WTW, Clare succeeds...
Varas Brokers of US signs strategic MOU with India’s Salasar Brokers
Ambarish Khaitan, Senior VP Strategy & Reinsurance, said – “We are delighted to announce our new strategic partnership with Varas Brokers, the USA with whom we are targeting to provide our joint expertise and tailored insurance solutions to our clients in this challenging market. We look forward to this collaboration and aim to work together, not just technically but also culturally, to reach a common goal in creating a top-notch solution”
Amazon to start offering insurance to UK businesses: Broker
Members of Amazon’s Business Prime program will be able to buy cover from Superscript such as contents insurance, cyber insurance and professional indemnity insurance, which a Superscript spokesperson said would be underwritten by “major UK insurers.” They will be offered a discount of 20% to current rates as a way of enticing businesses over to them.
India Post Payments Bank partners with Tata AIG Gen & Bajaj Allianz Gen for distributing insurance products
As part of the alliances with both the partners, IPPB will strive to make available affordable insurance products through its robust network of 650 branches and over 136,000 banking access points to citizens at large.
Nearly 200,000 postal service providers (Gramin Dak Sevaks and postmen) who are equipped with micro-ATMs and biometric devices will play an important role in distribution and promotion of these insurance products, focussing especially on unbanked and underserved customers at the last mile.
Large claims push up Cyber premiums by 39% for all European industries: Marsh
Malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019,according to a report published by Marsh, the world’s largest insurance broker and risk advisor, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm,
Ransomware attacks accounted for 32% of cyber claims in 2020 – more than double that recorded for 2016-2020 (14%). Overall, cyber insurance claims across Continental Europe rose by 8% in 2020.
Willis Towers Watson has around $5 billion for possible M&A -incoming CEO
Willis is going ahead with plans originally agreed during the Aon merger talks to sell its reinsurance business to rival Gallagher for an initial consideration of $3.25 billion.
Activist investor TCI, founded by British billionaire Chris Hohn, is seeking to build up a stake in the London-based firm, according to media reports.
RMS to enhance risk analysis for J. B. Boda’s India Portfolio
This agreement will strengthen J. B. Boda’s risk analysis capabilities to enhance their support of clients that have portfolios with risk exposure in India. J. B. Boda continues to grow its activities and client base in various markets. It is further enhancing its in-house capability of assessing risks.