Market demand also saw a steady rise, with data centre absorption...
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Geopolitical Risks: Venezuela and the shifting map of insurance risks in the Caribbean
While Venezuela has long been a marginal market for most...
Govt may approve PSU gen insurers’ wage revision proposals by Feb 15
Parshant Kumar Goyal, joint secretary, DFS In a meeting of all...
Lenders to Reliance Capital accuse IIHL of using delaying tactics
According to sources, lenders claimed that IIHL's move to seek approval from the Department of Industrial Policy and Promotion (DIPP) is an afterthought. It was not even a part of conditions set out by the NCLT while approving the resolution plan on February 27, 2024...
MHA constitutes central team to assess damage caused by floods in Gujarat
Madhya Pradesh and Rajasthan were also affected by heavy to very heavy rainfall. Multiple spells of heavy rains, cloudbursts and landslides have caused extensive damage in Himachal Pradesh this year New Delhi: The Ministry of Home Affairs has constituted an...
South African Sanlam’s subsidiary Santam plans Asian expansion
We are looking at Asia and the Middle East from a reinsurance perspective. Our expertise and understanding works well in emerging markets, and we also find that those are also growth markets and so we want to tap into some of that growth,”,” Tavaziva Madzinga,chief...
Agile launches New Zealand operation to support Lloyd’s syndicate
The establishment of a New Zealand entity solidifies Agile’s position at the forefront of Lloyd’s business in the Pacific region and paves the way for other geographic expansion. Sydney: Agile Underwriting Services has established a presence in New Zealand, the first...
Sunk superyacht likely to cost insurers at least $150 million, experts say
The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said. The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover...
GIC Re emerges as the 10th largest global reinsurer in AM Best’s latest chart
In AM Best's `World’s 50 largest reinsurers in 2023’, Munich Re is the largest IFRS 17 reporting reinsurer followed by Hannover Re and SCOR Re. Swiss Re is the largest non-IFRS 17 reporting reinsurer globally, followed by Berkshire Hathaway and...
Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil
Insurance industry sources said on Wednesday additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.75% of the vessel from 0.4% before the attack, although they were higher at 1% in February according to industry assessements of...
Deepfake technology to be serious menace, govt should look into it: Delhi HC
“You ( Central government) will have to start working on this. You also start thinking about this. It (deepfake) is going to be a serious menace in the society,” said Acting Chief Justice Manmohan and Justice Tushar Rao Gedela New Delhi: Deepfake technology is going...
India saw 19.3 drop in particulate pollution in 2022 adding 51 days to life expectancy Report
Despite this improvement, the average resident in northern plains is still likely to lose about 5.4 years of life expectancy if the current pollution levels persist. On the other hand, if the decline in particulate levels continues at the same rate in the coming...
Sept 9 GST council meet to discuss rationalisation of tax , final decision later: FM
Nirmala Sitharaman,Finance Minister "The upcoming GST Council meeting will take up the issue of rate rationalisation. There will be a discussion on the issue. Committee of officers will make a presentation on rate rationalisation," Sitharaman told New Delhi: Finance...