In his new role, Fraccalvieri will be responsible for setting the...
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Bayer proposes $7.25 billion plan for all Roundup cancer cases
The plaintiffs say they developed non-Hodgkin lymphoma and other...
PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and...
New India‘s 16% topline surge boosts industry’s prm growth 7% to Rs 29,000 cr in Jan
`After January, we are now making efforts to maintain a healthy topline growth till the end of the year. We are giving a very strong thrust towards risk selection, bringing in greater accountability and monitoring mechanisms have been strengthened....
RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,'' said Sanjay Malhotra,...
Jan1 Renewals: Hannover Re’s Asia-Pacific premium growth remains modest
"Adequate prices and conditions continue to be indispensable for sustainable reinsurance protection. This is all the more true given that climate change and associated extreme weather events remain one of our greatest challenges. The wildfires around Los Angeles have...
Boeing expects Indian, South Asian airlines to add over 2,800 jets in next 20 years
"People will have greater access to air travel, and the region's airlines will require a modern fuel-efficient fleet to meet increased demand over the next two decades," said Ashwin Naidu, Boeing's managing director of commercial marketing for India and South Asia New...
Aon names Terence Williams Head of Commercial Risk Solutions for Asia Pacific
He previously held several senior roles at Aon including CEO, South Africa, chief broking officer, Sub Sahara Africa, and head of casualty, UK Singapore: Aon plc, second largest international broker, today announced the appointment of Terence Williams as head of...
Automobile retail sales rise 7% in January, PV segment up 16%: Fada
"Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery. Inventory levels have improved, dropping by around five days to 50-55 days," the...
LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will reduce L.A.’s gross domestic product by $4.6 billion, or about 0.5%, in 2025. Insured losses may cover only a fraction of the costs for fire victims. Many property owners seeking to rebuild were...
Long Covid costing nations billions, lost productivity and health
Approximately 400 million people have been affected by long Covid since the beginning of the pandemic. Global estimates indicate that about 6 percent of people develop long Covid symptoms after infection, according to the World Health Organization Long Covid is...
SBI General partners with Agri Ministry for promoting PMFBY among farmers
Naveen Chandra Jha, MD and CEO of SBI General Insurance SBI General will be conducting awareness workshops such as Fasal Bima Pathshala, Women centric workshops etc. in 8 states namely Madhya Pradesh, Uttar Pradesh, Uttarakhand, Odisha, Assam, Tamil Nadu, Maharashtra...
GIC Re to set up a wholly owned subsidiary in UK
GIC Re has also branch offices in London and Kuala Lumpur. In April 2018, syndicate fully capitalised by GIC Re became operational at Lloyd's of London. GIC Re has 100% subsidiary in South Africa, Russia, United Kingdom and also associate companies in Bhutan,...