Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: "Our...
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Yemen’s Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
The group said last month that it would begin attacking Saudi...
DFS moves to improve complaint resolution, Enhances trust in banks and insurers
The Insurance Division of DFS secured second position in the Group A category of the Grievance Redressal Assessment and Index (GRAI) for May 2026. The Banking Division ranked sixth in the same category. New Delhi: The Department of Financial Services (DFS) is...
Aviva buys out Dabur’s 26%, takes full control of its Indian life JV
The acquisition follows recent regulatory foreign direct investment ("FDI") changes in India, which now allow foreign insurers to increase their shareholdings in local insurance companies to 100% This is the second deal in the Indian insurance sector in a week when a...
London steps up bid to become global ILS Hub
London’s dominance in insurance-market infrastructure makes it an obvious destination for issuers of catastrophe bonds and other ILS products, says Caroline Wagstaff, chief executive of the London Market Group, whose members include insurers operating in the world’s...
War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz
In the past 24 hours, war insurance rates for ships inside the Gulf have already ticked higher towards 3% of the value of a vessel from 2% at the end of last week, said the sources, who declined to be named due to the sensitivity of the matter. Some war underwriters...
AIC conferred 17th Impact Leadership Award 2026
L-R:Haribhau Kisanrao Bagde,Governor, Rajasthan, Dr Lavanya Mundayur, CMD, AIC, Rajnath Singh, Union Defence Minister,Justice P Sathasivam,Former Chief Justice of India and Former Governor of Kerala at the the Agriculture Leadership Awards ceremony on Wednesday in New...
Trump says interim accord to end war is ‘over’ after Iranian strikes
In a flare-up of hostilities that pushed oil prices up to a two-week high, Iran said it had targeted U.S. military sites in Bahrain and Kuwait after U.S. forces struck Iranian targets in response to attacks on tankers in the Strait of Hormuz. Ankara: U.S....
AI investment to cushion global insurance slowdown amid geopolitical turmoil: Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said,"The latest Middle East conflict is not a one-off shock but another sign that geopolitical risk has become a structural feature of the global economy with four supply shocks in six years. As economies invest in AI...
Attack on Qatari LNG vessel in Hormuz challenges US mediation
Three separate attacks on ships would mark the highest number since the US and Iran signed an interim peace deal last month, underscoring the continued risks to ships crossing through Hormuz. Tehran has repeatedly said it won’t allow vessels to transit the waterway...
AI’s biggest challenge is restoring trust in Indian insurance industry: PwC
L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan, MD&CEO, Galaxy Insurance,SK Kanwar of Reliance Industries, BC Patnaik, Director, National Insurance Academy, Amit Roy, Partner and Leader, Insurance & Allied Business, PwC releasing PwC's new...
Liberty General Insurance organises road safety and insurance awareness drive in Delhi
On the occasion of Insurance Awareness Day, Liberty General Insurance organised a five-day Road Safety and Insurance Awareness Drive across select petrol pumps in Delhi to sensitise vehicle owners about the importance of insurance, responsible accident response, and...