Manoj Kumar, group chief executive officer and chairman, MNK Group...
Category:
International News
Latest
From smart glasses to AI pins, privacy fears challenge tech’s next big bet
The backlash against devices that can see, hear and respond to the...
Aon appoints Jane Drummond as global chief commercial officer
Jane Drummond, global chief commercial officer-designate Currently,...
German power grid hit twice in latest suspected sabotage
Countries across Europe are racing to harden power grids against sabotage, cyberattacks and military threats. The push follows Russia’s repeated attacks on Ukraine’s energy infrastructure and a series of sabotage incidents across Europe. Germany’s power grid was hit...
Ships adopt makeshift anti-drone defences as Black Sea attacks intensify
The scale of attacks from Russia and Ukraine on commercial ships and port infrastructure has increased sharply and may rise further, said Corey Ranslem, chief executive of maritime security group Dryad Global. Tankers and cargo ships are transiting the Bosphorus...
Howden Re launches analytics on SRCC risk
The launch comes at a moment of acute market focus on SRCC risk. Insured losses from civil unrest events have risen sharply in recent years, driven by an increasingly volatile geopolitical environment, yet the analytical tools available to the market have not kept...
Nepal Floods Catastrophe:15 non-life insurers report losses of Rs25.87 billion
The scale of the claims is being driven primarily by engineering and construction exposures, highlighting the concentration of insured losses in large infrastructure projects following the August 26 disaster. Kathmandu:Insurance claims arising from the devastating...
Fatal floods expose Threats to Hydropower in the Roof of the World
Costs of insuring projects may also increase as the recent flooding events “are likely to make insurers more cautious and the market for hydropower risks may harden further,” said Benjamin Ng, Asia power leader for Aon The devastating deluge that swept through the...
Peak Re announces 2 senior appointments
Victor Kuk, Chief Executive Officer of Peak Re, said, "The new appointments reflect our commitment to investing in the capabilities and talent needed to support the next phase of Peak Re's development. Hong Kong: Peak Re today announced the appointments of Nattakorn...
Thailand shifts disaster risk to insurers with $467 million plan
The government on Tuesday approved a 15.5 billion baht ($467 million) annual insurance program to cover 30 million households against floods, storms and earthquakes, said Prime Minister Anutin Charnvirakul Thailand plans to provide government-funded disaster insurance...
Aon strikes $17 billion deal for rival USI as insurance consolidation accelerates
“Combining with USI will establish the premier U.S. middle-market platform, deepen our context advantage and position Aon to accelerate organic growth,” said Greg Case, president and CEO of Aon, in a statement. Aon plc early Monday confirmed a definite agreement to...
ASR upgraded to ‘A3’ with Stable Outlook by Moody’s
Mikir Shah, chief executive officer, commented,``This upgrade recognises the strength of our underwriting, our growing relevance in developing markets, and the strong capital foundation supporting the next stage of our expansion.As we broaden our reach across new...
IGI launches of Cipher, a Specialty Treaty Reinsurance platform focussing Cyber
Waleed Jabsheh,President & CEO,IGI The initial focus of Cipher is to develop a portfolio of cyber treaty business with lead capabilities, targeting high-growth emerging risks within an MGA structure. This platform can be utilized for future growth and...