The role of president has been assumed by Case. Andersen joined Aon...
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PB Fintech stock declines nearly 5 pc
NEW DELHI: Shares of PB Fintech, parent entity of Policybazaar,...
PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26
The board approved a proposal to make an investment for an...
Aon’s $30 billion Willis deal faces EU probe – sources
A full probe by the EU’s executive, the European Commission, would follow a preliminary review due to end on Dec. 21. The Commission declined to comment, as did Aon and Willis. A full-scale EU investigation normally takes about five months.
Aon re-enters India,acquires 49% stake in Narayan Murthy’s Anviti Insurance Brokers
Aon which earlier had a similar joint venture with Prabodh Thaker’s Global Insurance Brokers had withdrawn from the JV three years back and has been mostly operating through Anviti Insurance Brokers, which was set up in 2017, for servicing its Indian clients,
The Indian regulations requires a international insurance brokers to wait for two years before they can re-enter the country’s insurance market.
ICICI Lombard and PLUM to provide technologically powered group health insurance products
Abhishek Poddar, Co-founder & CEO of Plum added, “The group insurance health market in India is projected to grow to Rs 100,000 crores by 2025, and will see the rise of innovative insurance products not available in advanced markets. ”
Pandemic,Cyber-attack and Data Fraud remain top risk concerns for India Inc:Marsh/RIMs Study
“Cyber attacks, fraud, weather-related risks and, even, pandemics, have long been identified and prioritized by risk professionals.However, risk professionals’ work must go beyond identifying the impacts of these uncertainties. It is incumbent upon us to highlight opportunities and solutions that support shifts in strategy, strengthen organizational resilience and empower business leaders to make strategic-decisions with confidence. We are proud to present these findings with Marsh and provide the global risk management community with the insight to help elevate their programs.”said Laura Langone,President, RIMS 2020
Paytm quashes reports of stake sale by Ant Financial
While reports claimed that Ant Financial is planning to sell its stake in the company, both Paytm and Ant denied them as rumours and called the reports ‘false’ and ‘misleading’.
It has launched new insurance and wealth products which are getting adopted by its users as more people are transacting digitally in India. The progress has helped in instilling more confidence in all its investors and they expect expansion of these services going forward.
Inigo Insurance Group to start underwriting at Lloyd’s in January
“The Lloyd’s market promises to be an exciting place in 2021 and I am delighted we are going to be a part of it. This is a great opportunity to build a highly focused business, which attracts good underwriters and gives them the freedom, and the tools to succeed,” he added.
Aon launches digital cyber insurance for small and middle market businesses
CHICAGO, : Aon plc today announced the launch of a digital insurance solution for small and middle market businesses. With this new offering, businesses across a wide spectrum of industries can go through the full end-to-end process of buying and...
Howden acquiers cyber and tech specialist broker Safeonline
“Cyber as a class has been growing strongly for us over recent years and this acquisition supercharges our growth in this important market, In a stroke, it gives us the ability to service retail SME clients and enlarge our U.S. wholesale cyber book. It also means we can improve our service to large global retail accounts and grow further our Financial Lines retail capability.commented Charlie Langdale, managing director, Financial Lines.
Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk
The cover allows for limits of up to USD 70 million and will protect against increasing cyber loss aggregations on re/insurers’ balance sheets. The product is structured to protect the cedent from the effects of catastrophic cyber market losses stemming from events such as self-propagating malware or wiperware, distributed denial of service, a significant cloud outage or certificate revocation.
Roberts to lead Global Renewable Energy biz of Marsh JLT SpecialtyLondon:
“There is renewed political will as we approach the end of 2020 to move towards greater decarbonization and more sustainable energy sources.As traditional energy companies continue to decarbonize their footprints – and market challengers seek to redefine the energy landscape – Marsh JLT Specialty’s Global Renewable Energy team will play a key role in supporting our clients and communities as they transition towards more sustainable and carbon-neutral futures,”said Roberts