Justice Prashant Kumar of the court's Lucknow bench held that a...
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West Asia Conflict:Trump indicates possible end to conflict,Oil price spike continues
US President Donald Trump ``We are getting very close to meeting...
RiverStone International launches Australian presence with company acquisition, leadership appointment and legacy transaction with Zurich
RiverStone International announced the appointment of Mark Fleiser...
Peak Re raises $50 million through its second Cat bond
Franz-Josef Hahn, CEO, Peak Re For the first time, India has been included in a 144A catastrophe bond, expanding risk transfer to one of the region’s fastest growing and most dynamic markets Hong Kong: Peak Reinsurance Company (Peak Re) has raised $50 million through...
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave 1.6 billion euros ($1.82 billion), or 0.1%, off gross domestic product, noting it could take oil refineries a week or more to resume their operations fully, and that some industrial ovens had been...
FSIB to select a new CMD for OIC on Friday
Government appoints Amit Misra as acting CMD of OIC for three months The five shortlisted senior officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India...
PSU general insurance industry Unions reject govt’s 12% wage hike proposal
Unions want a 17 per cent hike to be on par with the Life Insurance Corporation(LIC) and the Indian banking industry. GIPSA management has assured the matter would be taken up again with the Department Financial Services for further consideration, according to union...
Into the Cyberverse: Industry must prioritise product innovation and investment
Luke Foord-Kelcey, Global Head of Cyber, Howden Re, commented, “Cyber is maturing into a distinct asset class with diversified reinsurance product offerings. Cedents must continue to evaluate reinsurance purchasing strategies critically and holistically, ensuring...
IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman
Narendra Bharindwal, president, Insurance Brokers Association of India, K. Rajaraman, Chairman, IFSCA , T Alamelu, principal advisor, IFSCA at the launch of IBAI's chapter at IFSC- GIFT City ` There is a huge retail opportunity for the IFSC-GIFT City based insurers...
U.S. insurers face higher loss costs and market risks from trade war: Fitch
Property casualty (PC) insurers face cost inflation in personal auto and homeowners’ lines from tariffs. Other watch items include increased severity of claims pressuring margins, and the effect of market volatility and potential losses on equity portfolios New...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country with...
`Golden hour’ cashless treatment scheme for road accident victims to be implemented within a week, Govt to SC
Additional Solicitor General Vikramjit Banerjee appearing for for the Centre submitted that the GI Council was not cooperating. He informed the Court that the GI Council wanted to check the status of insurance policies of the victim before releasing funds and had...
Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30
On Sunday afternoon, GIPSA had informed the unions that the meeting has been postponed due to an urgent engagement of DFS officials New Delhi: Disappointing 35,000 work force of the PSU general insurance industry, the much awaited meeting among all the stake holders...