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Bobby Swarup’s Niyam Grp receives Lloyd’s in-principle to establish Syndicate 2047, to focus on India and other high growth Asian and African markets
Bobby Swarup, Founder and CEO of Niyam Group, said “I am grateful...
Natural disasters cause US$224bn global damage in 2025, insured losses at US$ 108bn, says Munich Re
In the Asia-Pacific region, natural disasters resulted in overall...
Nearly 50% of public infrastructure unprepared for disaster management: CBRE survey
"Floods, extreme temperatures, and cyclones have become more common and severe, causing widespread damage to infrastructure, loss of lives, and disruption of livelihoods, the country is increasingly exposed to man-made risks such as industrial accidents, cyberattacks,...
Bangladesh political instability not to impact credit quality of Indian firms: CRISIL
The report said that there has also been no significant impact on India's trade with Bangladesh going forward, while the effect will vary based on industry specific exposure. Kolkata: Leading research firm CRISIL Ratings said in its report that the recent political...
Russian insurance shores up cheaper oil exports to top buyer India
By using Russian insurers, Moscow can sell the oil above a $60 per barrel price cap that the Group of Seven (G7), the European Union and Australia imposed aiming to limit Russia's oil revenue following its invasion of Ukraine. Over 60% of Russia's seaborne oil exports...
Howden forays into Japanese captive consulting and management markets with acquisition of Foresight
Takuya Aibe as CEO of Howden Japan’s retail business Foresight is headquartered in Tokyo with 17 staff across six offices and a management team that have previously held senior roles at leading Japanese insurance companies; it manages captives for 13 large Japanese...
Antibiotic resistance estimated to claim over 39 million lives in next 25 years: Lancet study
An increasing resistance to antibiotics -- one of the "cornerstones of modern healthcare" -- is a major cause for concern and the findings highlighted the significance of the global health threat.Understanding how trends in antimicrobial resistance deaths have changed...
Lloyd’s of London plans overhaul of ‘unclear’ conduct rules
Lloyd’s also said it proposed a new category of misconduct aimed at those who mistreat witnesses and whistleblowers. Other categories of misconduct include dishonesty and bullying and harassment London: Lloyd’s of London said it plans to overhaul its rules on dealing...
Covid-19 continues cause excess mortality in US and UK, says Swiss Re
Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...
Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes
Typhoon Yagi hit China’s southern Hainan island earlier this month and has caused devastation in Southeast Asia. In Myanmar, Yagi caused at least 74 deaths with dozens missing. Four deaths were reported in Hainan, at least 10 have died in Thailand and 20 in the...
Modi 3.0: PM Modi govt marks 100 days with disaster management initiatives and other reforms
Prime Minister Narendra Modi An allocation of Rs 6,350 crore was made for Urban Flood Management and Glacial Lake Outburst Flood Risk Mitigation Projects. Additionally, Rs 12,554 crore was approved for a range of services, including firefighting, managing glacial lake...
GST Council forms GoM to review tax rate on insurance; report by Oct 30
The Terms of Reference (ToR) of the newly formed panel also include suggesting tax rate of health/medical insurance including individual, group, family floater and other medical insurance for various categories like senior citizens, middle class, persons with mental...