The acquisition is a strategic move to strengthen Munich Re’s and...
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Wall street leans on Insurance Pools for $16 billion Kuwait deal
Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co....
Healthcare delivery capital-intensive, hospital tariffs only tip of iceberg: NATHEALTH
The Parliamentary committee had observed with concern the widening...
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:...
General insurance industry grows 9% to ₹3.36 trillion in FY26: BCG reportt
The industry’s combined ratio deteriorated by two percentage points to 113%, while profit after tax (PAT) declined 23% YoY to ₹10,000 crore. Return on equity (ROE) fell to 6% from 9% a year earlier. Mumbai:India’s general insurance industry grew 9% year-on-year (YoY)...
Munich Re reclaims top global position among IFRS 17 reporting reinsurers
Lloyd’s moved to the top of the ranking for non-IFRS 17 reinsurers, lifted by premium growth and the British Pound appreciating against the U.S. dollar. GIC Re is the 10th largest global reinsurer among non-IFRS 17 reporting reinsurers OLDWICK:Foreign currency...
Are courts precluded from granting fair, just compensation in nuclear accident: SC asks Centre
CJI Kant said there was too much apprehension and pointed out that even if Parliament has capped the liability of operators, it does not preclude the court from granting fair and just compensation. New Delhi: The Supreme Court on Monday asked the Centre to clarify...
Employees flag poor implementation of well-being policy at workplaces: Report
"Employee well-being cannot be treated as just a policy document or an annual initiative. It is experienced through everyday interactions, how managers communicate, whether employees feel trusted, how contributions are recognised and whether people feel safe speaking...
At least 47 dead in eastern Indonesia after magnitude 7.7 quake
Authorities issued a tsunami warning and urged coastal residents to move to higher ground, but later lifted the warning when Indonesia’s meteorological agency said monitoring showed no significant sea-level changes that posed a threat to coastal communities. Some...
SHANTI Act draft rules mandate insurance cover for nuclear plant operators
According to the draft rules, the Centre has to, once every five years, constitute a group of experts to review the maximum limits of an operator's civil liability for nuclear damage. New Delhi: Nuclear plant operators need to maintain an insurance policy, financial...
AI could cut cost of running insurance by eliminating repetitive work: Report
"AI is helping insurers analyze documents and identify missing information before a human ever becomes involved. And importantly, it is not replacing insurance professionals. Instead, these systems are removing repetitive administrative work so employees can focus on...
Bajaj General Insurance launches 2 new motor covers
Bajaj General Insurance today launched ProShield, a packaged motor insurance solution designed for defence personnel, alongside the enhanced VPAY 2.0, its next generation motor insurance offering for today’s connected vehicles and evolving mobility risks. The...
Q1FY 27: GIC Re net profit rises 10% to Rs1922 cr, prm soars 9% to Rs13,475 cr, Combined ratio improves 2.06% to 104.88%
``Our premium growth has came from Health, Life Re and Surety portfolios. We are committed to disciplined underwriting, particularly Fire and Engineering. Fire segment continues to witness intense competitive pressures at both the insurance and reinsurance levels,...