Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today...
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IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s...
Japan shuts down world’s largest nuclear plant hours after restart
TEPCO, as the utility is known, said it was forced to stop the...
Industry urges action in Red Sea to stop attacks on merchant shipping by Houthis
Insurance industry sources said on Wednesday there was also mounting concern over the use of attack drone boats by the Houthis Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on...
Climate Change: The Era of Super-Wild Weather Is Already Here
Erich Fischer, a climate scientist at ETH Zurich, has been trying to do for heat something similar to what US researchers want to do for precipitation. His work in recent years has helped demonstrate that temperature records around the world are falling by greater and...
Group Mediclaim Policies: No claim can be denied for non- availability of details of members, says IRDAI
A policyholder can access information on unclaimed amounts with any insurer in one place at https://bimabharosa.irdai.gov.in/Home/Unclaimed Amount Commenting on the new regulations, Rakesh Jain, CEO, Reliance General Insurance, said, ``A key feature in the circular is...
AIC’s net profit grows 20% to Rs 904 cr in FY24
`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...
Girija Subramanian takes over as CMD of New India Assurance
Girija Subramanian, CMD, New India Assurance This is also for the first time a serving CMD of a state owned insurance company had appeared for the interview for selecting a CMD of another PSU insurer New Delhi: Girija Subramanian, 58, CMD, Agriculture Insurance...
Zurich acquires 70% of Kotak General Insurance
The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India. This is a key strategic step for Zurich,” said Tulsi Naidu, CEO - Asia Pacific, Zurich Insurance Group Mumbai: Zurich...
World’s largest shipping register withdraws its approval for Russia’s Ingosstrakh Insurance
In practice, the Liberia’s move may well prove symbolic. There are only three vessels covered by Ingosstrakh that sail under the flag of Liberia and none of them are oil tankers, according to a vessel database maintained for the International Maritime Organization The...
More than 800 coal plants worldwide could be profitably decommissioned, research group says
Around 15.5 billion metric tons of carbon dioxide are generated every year by 2,000 gigawatts of coal power. The International Energy Agency says emissions need to reach zero by 2040 if temperature rises are to remain within the threshold of 1.5 degrees Celsius The...
Sanlam to buy majority stake in financial wing of top African media group
The deal gives Sanlam an opportunity to further expand its insurance and financial services business across Africa, the companies said. Opportunities outside South Africa will be facilitated through its SanlamAllianz business JOHANNESBURG: South African insurer Sanlam...
13 people killed and 30 injured as Sealdah-bound Kanchanjungha Express collides with a goods train
"Unfortunate accident in NFR zone. Rescue operations going on at war footing. Railways, NDRF and SDRF are working in close coordination. Injured are being shifted to the hospital. Senior officials have reached site," posted Union Railway Minister Ashwini Vaishnaw on X...