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Govt notifies guidelines of 2 shipbuilding initiatives with Rs 44 700 cr outlay
The scheme also includes a Credit Risk Coverage Framework, offering...
Whole-time directors’ vigilance matters of PSU banks, insurers to be reported promptly:FinMin
The directive from the Department of Financial Services (DFS) under...
Karnataka moves SC seeking direction to Centre to release funds for drought management
"Cumulatively for Kharif 2023 season, the agriculture and horticulture crop loss have been reported in more than 48 lakh hectares with the estimated loss (cost of cultivation) of Rs 35,162 crore," the plea, filed through advocate D L Chidananda, said New Delhi: The...
UP plans law for insurance of passengers in vertical transport
“One good thing that we have also provided in the draft is compulsory third-party insurance of passengers who will be entitled to monetary compensation in the event of any harm they suffer on account of a lift accident. Insurance coverage will be provided by the owner...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod
V. Jagannathan Galaxy Health and Allied Insurance Company is a joint venture between V Jagannathan's family, who had earlier the founded Star Health Company and TVS group. Former Star Health CEO Dr S Prakash has also joined the new venture as a CEO. Hyderabad: Galaxy...
Girija S selected as CMD of New India, BS Rahul for UII
Girija Subramanian, CMD,Agriculture Insurance Company This is also for the first time that a serving CMD of a PSU entity again participated in the selection exercise meant to choose a CMD of another PSU insurer New Delhi: The Financial Services Institutions...
India’s Reliance refusing Sovcomflot oil shipments after sanctions, sources say
India's crude imports from Russian may decline as the number of vessels would be reduced and that could jack up freight costs India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper...
UN climate report: Doctors warn of rise in heat-related health risks
Climate change poses significant health risks, particularly in the realm of respiratory health. Climate change exacerbates air pollution, which worsens conditions of people who already have respiratory ailments like asthma, pneumonia, lung cancer, etc,” Dr Vikas...
Amitabha Ray to succeed Hadi as CEO of Swiss Re’s India Branch
Ray succeeds Hadi Riachi, who has been shifted as Head of the Global Underwriting Centre for Swiss Re Corporate Solutions Singapore: Swiss Re, the second largest global reinsurr, has elevated Amitabha Ray, Head of P&C Client Markets and Chief Underwriting Officer...
Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey
“The responsibilities incumbent upon directors and officers in APAC continue to evolve and become more nuanced, with aspects, such as employee safety, ESG-related obligations and cybersecurity-related pressures to be cognisant of. All set with a backdrop of...
Sompo appoints Richard Allen as Commercial P&C Insurance Chief Underwriting Officer,Global Markets
LONDON: Sompo on Tuesday appointed Richard “Rick” Allen as its chief underwriting officer (CUO) for its Global Markets Commercial P&C insurance business. Based in the London, Allen will work closely with the commercial P&C insurance chief underwriting officers...