Rajay Kumar Sinha member, Finance & Investments Indian...
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Apr1 Renewals: Reinsurance buyers in APAC secure double‑digit rate reductions, says Aon
Global demand for reinsurance increased by approximately 10 percent...
PE firm JC Flowers picks up majority stake in Bobby Swarup’s Niyam Group
Niyam is a reinsurance platform based in GIFT City, connecting...
Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
A forum of 10 trade unions has given a 17-point charter of demand. It includes withdrawal of fixed-term employment and scrapping of Agnipath scheme, 8-hour workday, restoration of non-contributory Old Pension Scheme and a minimum monthly penion of Rs 9,000 for the...
Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill
On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam on India's southern tip to Kochi had capsized. The incident had resulted in leaking fuel and releasing cargo, some of which contained hazardous material. NEW DELHI: India's southern state of Kerala...
Zurich Kotak General Insurance launches commercial insurance
Alok Agarwal, MD & CEO, Zurich Kotak General Insurance Alok Agarwal, MD & CEO, Zurich Kotak General Insurance, said, “The launch of our commercial insurance business is a key strategic pillar of our organization and reflects a year of building an...
Domestic automobile retail sales up 5 pc in June; PVs, two-wheelers witness growth
"Heavy rains and tight market liquidity weighed on footfall and conversion, even as elevated incentive schemes and fresh bookings lent selective support," FADA President C S Vigneshwar said in a statement. New Delhi: Automobile retail sales in India rose around 5 per...
ICICI Lombard gets Rs 1,728.86-crore GST relief from Bombay High Court
The Bombay High Court has directed the adjudicating authority to re-hear the matter in light of the decision of the GST Council and the circulars,’’ the insurer said in a regulatory filing. Mumbai: In a relief to ICICI Lombard General Insurance, a positive development...
Former IRDA member Rakesh Joshi made chairman of Bima Sugam India Federation
Rakesh Joshi, chairman, Bima Sugam India Federation Joshi as a member of IRDA from March 2022 to December 2023, under the chairmanship of Debasish Panda was very closely involved with the development and implementation of Bima Sugam and Bima Vistaar...
Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance
“BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier,” Cara Morton, CEO Zurich Global Ventures said in the statement. Zurich Insurance Group AG agreed to...
Retail vehicle sales in India surpass wholesales in June, driven by discounts, EV push
New Delhi: Retail registrations in the Indian automobile market outpaced wholesale dispatches across key segments in June 2025, a new report said on Wednesday. While two-wheeler (2W) retail demand continued at a slow pace, commercial vehicles (CVs) and passenger...
India’s health survey data reveals 13% children born prematurely, 17% with low birth weight
Climate conditions, such as rainfall and temperature, were found to have a greater link with adverse birth outcomes. New Delhi: India's demographic health survey 2019-21 reveals that 13 per cent of children were born prematurely, and 17 per cent with a low weight at...
Insurance firm not liable to pay compensation for death of persons driving rashly: SC
A bench of Justices PS Narasimha and R Mahadevan refused to grant 80 lakh compensation sought by the wife, son and parents of a man who died while driving a car at high speed. New Delhi: The Supreme Court has said insurance companies are not liable to pay compensation...