Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’...
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US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance...
US sending Marines and amphibious assault ship to Middle East, officials say
Even if the conflict does stop soon, there will be no rapid...
Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session
Nirmala Sitharaman,Finance Minister Finance Minister Nirmala Sitharaman in this year's Budget speech proposed to raise the foreign investment limit to 100 per cent from existing 74 per cent in the insurance sector as part of new-generation financial sector reforms New...
Bajaj Allianz General unveils retail parametric cover for climate risks
L to R -Alpana Singh, Head - Bancassurance, Agri and Govt Business, Bajaj Allianz General Insurance (BAGIC),Kripan Ghosh, Deputy Director General and Head, Agricultural Meteorology Division, Climate Research and Services, IMD Pune, Tapan Singhel, MD & CEO,BAGIC at...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re
Swiss Re's Chief Underwriting Officer Casualty Laure Forgeron said: "The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting supply...
3 more Russian insurers seek India’s nod to provide cover for oil tankers
The move comes as growing scrutiny of Russia's oil supply chain by Washington and the European Union, including compliance with a price cap set by G7 for the use of Western ships and insurance, makes it increasingly difficult for Moscow to export its oil.India has...
Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers, developers, and financiers to close the global renewables risk management gap. This will involve enhancing data accuracy through updated Nat Cat modelling, optimising asset design to withstand emerging...
Aditya Birla Capital becomes a corporate agent
After selling its insurance broking unit, Aditya Birla Capital Limited has announced that it has secured approval from the IRDAI to operate as a Corporate Agent (Composite). The license, granted on April 21, 2025, allows the company to solicit Life, General, and...
SBI Gen’s net profit more than doubled to Rs 509 crore in FY 25
Naveen Chandra Jha, MD & CEO, SBI General Insurance Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “We have been consistently growing faster than the market. In FY25, our GWP grew by 11.1 per cent, 70 per cent faster than the industry growth of...
Swiss insurers Helvetia and Baloise to merge to create top 10 company
The new group, to be called Helvetia Baloise Holding, will become one of the ten largest insurers in Europe, under what the two companies called a “merger of equals” with an even spread of senior executives and board members Helvetia and Baloise plan to merge to...
Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America, “so the challenge is how to become the top player there,” said Shinichiro Funabiki,CEO, MS&AD Insurance Group Holdings...
Willis appoints Aon’s Anant Pawar as Aviation & Space Leader for India
Anant Pawar, Aviation & Space Leader, Willis,India Willis handles Indigo's re/insurance accounts. It is the largest airline in India by passengers carried and fleet size, with a 63.6 per cent domestic market share Mumbai: Willis, a business of WTW has appointed...