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Aon’s Eric Andersen to join as AIG’s President and CEO-Elect
During his time as President of Aon from 2020 through 2025,...
DIIs lend robust support to Indian markets, led by mutual fund assets in 2025
Insurance companies and domestic pension funds also saw their...
With Rs 1,09 trillion prm, Health retains its No 1 position in Indian general insurance industry in FY24
Crop insurance has seen a dip in the premium by 4 per cent to Rs 30.715 crore in Fy 24. Mumbai:With a total premium of Rs 1,09,006 crore, showing a growth of 20 per cent, Health Insurance continues to be no 1 portfolio in Rs 2.89 trillion Indian general insurance...
Surbhi Goel to be appointed CEO Munich Re, India
Surbhi Goel, CEO designate, India Branch, Munich Re Munich Re, is the largest foreign reinsurance branch(FRB) in the India with over Rs 10,000 crore of premium in FY23-24.It set up its operations in 2017. Mumbai: Munich Re, the largest global reinsurer, today...
Munich Re rejigs top APAC team, Hitesh Kotak to lead Japan, India, Korea and South-East Asia
Hitesh Kotak will lead Munich Re's Property & Causality (P&C) business in Japan, India, Korea and South-East Asia Surbhi Goel will be relocate to Mumbai from Singapore to be CEO India with effect from October 2024. Florian Gruson will be appointed CEO Japan...
Cargo owners may bear portion of damages from Baltimore Bridge disaster
General average is a maritime legal concept usually written into bills of lading or other contracts signed among parties to shipping transactions. It revolves around the principle of shared sacrifice and dates back to ancient times, before insurance, when ships often...
Clean up begins after at least one dead in heavy UAE rain, floods
Climate scientists say that rising global temperatures, driven by man-made climate change, is leading to more extreme weather events, including intense rainfall like the UAE storm DUBAI: - Authorities and communities across the United Arab Emirates were clearing...
Global property insurers see ‘alarming’ losses as risk models lag, report says
"Accurate risk prediction and pricing are becoming increasingly challenging and leading to insurability concerns," Anirban Bose, Capgemini financial services strategic business unit CEO, said in the report LONDON: Global property and casualty insurers showed...
ICICI Lombard General net profit rises 19% to Rs 520 crore in Q4 FY 24
The company’s combined ratio has improved to 102.2 per cent in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...
Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis
As per them, mutual fund investments surged by a whopping 86 per cent, insurance payments have seen a significant 56 per cent growth and trading experienced a 62 per cent jump in value in 2023-24. "With this, we witnessed the emergence of a new India. One that is...
Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance coverage of its kind to protect cargo vessels within an active conflict zone, which encompasses the Bab al-Mandab Strait, the Red Sea, and the Indian Ocean" LONDON: Howden has started offering war risk...
Middle East crisis: Civil aviation ministry asks airlines to carry out risk assessment on flight ops
Civil Aviation Secretary Vumlunmang Vualnam on Tuesday said that airlines have been asked to make their own risk assessment with respect to their flight operations New Delhi: Amid escalating tensions in the Middle East, the civil aviation ministry has asked airlines...