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RiverStone International launches Australian presence with company acquisition, leadership appointment and legacy transaction with Zurich
RiverStone International announced the appointment of Mark Fleiser...
Crop Loss:Chouhan asks officials to expedite insurance claims to farmers
Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’...
Amit Ganoakar to succeed Garg as new CEO of Tata AIG General
Amit Ganoakar, MD &CEO designate, Tata AIG General Insurance Market sources pointed out that though there has been no public announcement about the appointment of Ganoakar, Tata Group has already informed the employees through a mail Mumbai: The Tata Group has...
Lloyd’s appoints Nathan Adams as its Chief People Officer
Nathan Adams, Chief People Officer, Lloyd's John Neal, chief executive officer, Lloyd’s, said: “Nathan is a strong leader with outstanding experience driving the People agenda in large organisations. He will be a great addition to the team as we continue to focus on...
IRDAI wants changes in the functioning of IAC
The new regulation will bring flexibility in conducting number of meetings rather than hardcoding the number of meetings and considering financial year instead of calendar for reckoning the number of meetings, said the IRDAI on Monday. Hyderabad:The Indian insurance...
Berkshire’s cash soars to $325 billion, Buffett sells Apple, Bank of America
Insurance underwriting profit fell 69 per cent, dented by rising claims, $565 million of losses from Helene, and a bankruptcy court settlement related to defunct talc supplier Whittaker Clark & Daniels Warren Buffett and Berkshire Hathaway extended their retreat...
SIRC announces panel line-up, Sets stage for crucial conversations to shape re/insurance industry’s future
Andreas Berger, Group CEO, Swiss Re After the keynote address by Gan Kim Yong, Deputy Prime Minister, Minister for Trade and Industry, Singapore, SIRC will kick off with an address by Swiss Re Group’s Andreas Berger as he makes his first conference appearance in Asia...
Global insured cat losses to exceed $102 billion: Aon
The report highlights that insured losses from primary perils during the first nine months of 2024 were relatively low, with no event exhibiting the potential to significantly impact the broader reinsurance market LONDON: A report by Aon plc reveals that there were at...
SUV sales a bright spot in carmakers’ October dispatches to dealers
Demand for new cars has slowed after two years of surging growth, forcing automakers to moderate sales to dealers and dish out higher discounts as showroom owners grapple with rising levels of unsold cars New Delhi: Some top Indian carmakers reported a surge in sports...
APAC presents an attractive growth narrative, facilitating sustained reinsurance capacity: S&P report
However, challenges are emerging, including rising physical risks, a slower economic outlook, and still costly retrocession cover, which may increase margin volatility, cautioned the report HONG KONG: Asia-Pacific continues to present an attractive growth narrative,...
India faces 24.7 pc GDP loss by 2070 due to climate change: ADB report
"India is reported to have the highest number of affected individuals and damage costs, with residential losses being predominant," the report said New Delhi: Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across...
New India turns profitable at Rs 71 crore in Q2FY25
Girija Subramanian, CMD, NIA, said, "It gives me immense satisfaction that the operating metrics have improved, with loss ratio as well as combined ratio being lower than the same period last year with profit after tax showing a 5x increase. While the premium growth...