Sompo Japan Insurance has spent the past several years building its...
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Govt reconstitutes FSIB with 6 new bankers and insurers under chairmanship of former IAS officer Subhas Chandra Lal Das
The three experts for insurance companies are- Siddhartha...
FM expands alternative risk transfer solutions
Laurel Rudnick, chief underwriting officer, FM FM’s alternative...
ICICI Lombard General net profit rises 15.5% to Rs 946 crore in Q2FY27
The insurer's combined ratio was 107 per cent in the July-September quarter as against 105 per cent in Q2 FY2026 The company had an underwriting loosses of Rs 318 crore, up 78 per cent in Q2FY27. Mumbai: With higher premium and investment income, ICICI Lombard General...
SC mandates insurance for railway counter tickets from Oct 27
A bench of Justices Ahsanuddin Amanullah and R. Mahadevan issued the order while hearing matters related to railway safety, expressing displeasure over the Railways' failure to extend insurance benefits to offline ticket buyers despite repeated opportunities. New...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per cent in IDBI Bank Post Fairfax tarnsaction,the Centre will hold 15 per cent while LIC will have a stake of 19 per cent. The government has also authorised the sale of the government's remaining 15 per...
Four Nations Insurance Alliance: Tackling rising risks of economic resilience
Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand announced the formation of the Four Nations Insurance Alliance.The partnership has been established in response to common problems that have been growing across the four economies,...
AI becomes experts’ top concern, ahead of climate change:AXA Future Risks Report
Thomas Buberl, chief executive officer,AXA, said,``In a world where risks are evolving faster, multiplying and becoming increasingly interconnected, insurance is an essential factor of stability. This edition of the AXA Future Risks Report shows that, while artificial...
World Bank and Generali partner to advance insurance, resilience and investment solutions in emerging markets
LtoR: Andrea Sironi, chairman of Generali Group,Ajay Banga, President,World Bank Group,at an event in Bangkok to sign MoU between World Bank and Generali to mobilise private capital, strengthen resilience and expand targeted insurance and investment solutions across...
Surging Iranian attacks on ships crossing the Hormuz, threatens recovery in Persian Gulf oil exports
Ministers of OPEC and non-OPEC Participating Countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels of over one-third of the commodity value, impeding efficient movement of crude oil and products. Iranian...
Payment Habits: 3 in 4 urban Indians use their payment app for more than payments
More than half (52%) of consumers, who were surveyed, say they would prefer a single app for payments, investments, insurance and credit.At the consumer level, the impact shortfall is rooted in trust, according to the How Urban India Pays report 2026, released by...
MS Amlin and European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
The expansion of the Ukraine Recovery and Reconstruction Guarantee Facility(URGF), with MS Amlin's increasing its participation – which has led to more than €500 million of reinsurance coverage for goods and vehicles across nearly 10,000 policies to date – from €110...
Elliot Richardson appointed Chief Commercial Officer, Howden
Howden, the global insurance intermediary group, today announces the appointment of Elliot Richardson as Chief Commercial Officer for the Group, with immediate effect. The appointment is central to Howden’s new commercial strategy, designed to make full use of the...