Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over...
Category:
Non-Life
Latest
Govt advertises for New India’s CMD post, pvt sector candidates can apply
The post will fall vacant as Girija Subramanian, CMD, NIA, will be...
West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives
The Department of Financial Services(DFS) last week has written to...
New India’s net profit stays flat at Rs 347 cr in Q4FY25, improves its gross premium, combined ratio and reduces underwriting losses
Girija Subramanian, CMD, New India Assurance ``Even more encouraging is that our continued emphasis on profitable growth over the past several quarters is now yielding results. Despite the rise in gross written premium, the company has managed to improve its combined...
HDFC ERGO General elevates Parthanil Ghosh as its executive director
HDFC ERGO General Insurance has promoted Parthanil Ghosh as an executive director and chief business officer of the company, with effect from 1st May 2025, subject to approval by the Insurance Regulatory and Development Authority of India (IRDAI) and other requisite...
Kin of accident victim get Rs 41 lakh compensation MACT overrules cheque dishonoured argument
The insurance firm claimed the policy on the offending vehicle had been cancelled due to a cheque given by its owner getting dishonoured. However, citing a Supreme Court judgement, the MACT said "cancellation of insurance policy due to cheque through which premium was...
Nearly half of health insurance buyers in India cited rising medical expenses’ as reason for purchasing insurance: Report
Interestingly, it also mentioned that nearly 30 per cent of policyholders are now choosing to supplement their existing corporate health cover with additional personal policies. This highlighted a growing awareness about the need for broader coverage, especially in...
More than 80% insured persons unsure about efficacy of health cover claims survey
“Rising cost of medical treatment is a cause of concern for a vast majority of people in India, despite having a health cover,” Anup Rau, Managing Director and CEO, Future Generali India Insurance Company said. Mumbai: More than 80 per cent of insured persons polled...
Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires
The result “gives us confidence in our 2025 targets despite a challenging environment,” Chief Executive Officer Andreas Bergersaid in a statement on Friday Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions
The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
Passenger vehicle dispatches rise 4 pc, two-wheelers see 17 pc dip in April: SIAM
SIAM Director General Rajesh Menon stated that the auto industry smoothly transitioned to the new regulatory regime of second stage of On-Board Diagnostics (OBD) 2 regulation for two- and three-wheelers from April 2025 onwards, in addition to rolling out E-20...
Magma General Insurance partners with Toyota Tsusho Insurance Broker India
Magma General Insurance has announced a strategic partnership with Toyota Tsusho Insurance Broker India that will distribute Magma’s comprehensive motor insurance products for private and commercial passenger vehicles through its 150 dealer network. Rajive...
UK’s financial regulator to relax rules for pushing insurance to large companies
The changes aim to better differentiate big corporates from smaller businesses that take out insurance, the Financial Conduct Authority said in an emailed statement on Wednesday. The move would “ease the burden on firms insuring larger businesses that can manage risks...