According to new Allianz Risk Barometer analysis,respondents in...
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London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates
Gulf war risk premiums have risen fivefold in recent days compared...
Middle East Crisis: Drone debris hit JSW Infrastructure tank at Fujairah terminal in UAE
There were no injuries, and all personnel at the terminal remain...
Lloyd’s CEO John Neal to join Aon as global Reinsurance CEO and chairman of climate solutions
John Neal Neal, after six years in Lloyd's as a CEO, will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and...
Wildfires rage in Los Angeles, forcing tens of thousands to flee
Numerous buildings were destroyed and nearly 3,000 acres (1,200 hectares) burned in the Pacific Palisades area between the beach towns of Santa Monica and Malibu, officials said. The area is home to many film and music stars. LOS ANGELES: More than 30,000 people...
Modified scheme to provide cashless treatment for road accident victims nationwide: Gadkari
"The broad contours of the pilot programme are -- victims entitled to cashless treatment up to a maximum of Rs 1.5 lakh per accident per person for a maximum period of 7 days from date of the accident," Nitin Gadkari said while addressing a press conference. The...
“Acquisitions in India remain an option if a compelling opportunity arises aligning with our long-term vision”
Laurent Rousseau, CEO of Europe, IMEA and Global Capital Solutions, Guy Carpenter 33% of the overall Indiancapacity (premium) is still provided by cross boarder reinsurers(CBRs). CBRs play a critical role particularly in specialty lines (e.g. Terrorism,...
General Insurance industry premium degrows a bit in Dec
In the first nine months(Apr-Dec) of FY 23-24, the industry has grown by 7.83 per cent year on year(y-o-y) to Rs 2.30.181crore Mumbai: Post segregation of long- term business from monthly premium figures, the general insurance industry has slowed down a bit in...
Powerful Tibet earthquake near Nepal kills at least 96
The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located in Tingri, a rural Chinese county known as the northern gateway to the Everest region, at a depth of 10 km (6.2 miles), according to the China Earthquake Networks Centre. The U.S. Geological Service put...
Strong reinsurer appetite drives excess property catastrophe capacity at January 1:Guy Carpenter
Dean Klisura, President & CEO of Guy Carpenter. “Renewal outcomes at year-end reflect reinsurers’ positive property experience over the last two years and casualty portfolios that are well-positioned for future profitability,” said GC. London: Global reinsurance...
FIU-IND signs MoU with Irdai for enhanced coordination, information exchange
(L to R) Satyajit Tripathy, Member (distribution), Irdai and Vivek Aggarwal, Director, FIU-IND and signed an MoU in New Delhi for sharing of intelligence and information to check money laundering The MoU was signed as part of continued coordinated efforts in effective...
GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium
``We are closely monitoring the evolving market dynamics and are taking all steps necessary to protect GIC Re’s interests. These measures would include enhanced risk assessment, collaboration with insurers and also prudent capacity allocation.’’ N Ramaswamy, CMD, GIC...
64.5 mn passengers carried on international routes in Jan-Nov 2024, up 11.4 pc: Centre
“The number of domestic passengers carried by scheduled domestic Indian carriers has witnessed a growth of 5.9 per cent in the year 2024 as compared to the previous year 2023 during the same period,” said the ministry New Delhi: A total of 64.5 million passengers were...