Swiss Re's Group Chief Executive Officer Andreas Berger said,"This...
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Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE...
Berkshire Hathaway announces a shakeup of its top management team as Warren Buffett set to retire
Warren Buffett Berkshire Hathaway also announced changes in its...
Telangana govt rejoins PM Fasal Bima Yojana scheme to safeguard farmers
A Revanth Reddy,Chief Minister, Telanngana ''The state government adopted the Pradhan Mantri Fasal Bima Yojana (PMFBY) again to safeguard the farmers from the hardships in farming,'' a state government release said Friday night Hyderabad: The Telangana government has...
Sebi clears Fairfax-backed Digit’s IPO after delay
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its IPO to prospective investors over the next month and targets a listing by May, said a person with direct knowledge of the matter It plans to raise Rs 12.5 billion rupees ($151 million) through its...
AM Best’s first ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)
Although the company’s five-year average combined ratio was 104.8%, it has consistently outperformed the domestic general insurance market in India SINGAPORE: Announcing its ratings for the first ever Indian private sector general insurance company, international...
12.5 mn children, teens in India obese in 2022: Lancet study
The impact of issues such as climate change, disruptions caused by the COVID-19 pandemic, and the war in Ukraine risk worsening both rates of obesity and underweight, by increasing poverty and the cost of nutrient-rich foods," said Guha Pradeepa, study co-author from...
ICICI Bank buys 25 lakh shares to make ICICI Lombard Gen Insurance subsidiary co
The move follows a May 2023 resolution by the bank's board to increase the bank's holding ICICI Lombard by another 4 per cent in multiple tranches Mumbai: Private sector lender ICICI Bank on Thursday said it has bought an additional 25.14 lakh shares of ICICI Lombard...
Govt shortlists 5 GMs for selecting a CMD of United India Insurance
The new head office of Chennai based United India Insurance, which was inaugurated by Union Finance minister Nirmala Sitharaman, virtually, on Friday The DFS now has prepared a new list of five general managers(GMs)- BS Rahul, Agriculture Insurance...
32 European major media groups sue Google for $2.3 bln
“The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google’s misconduct,” a statement issued by their lawyers Geradin Partners and Stek said BRUSSELS: Alphabet’s Google was hit with a 2.1-billion-euro ($2.3...
European reinsurers’ renewals indicate peaking underwriting margins: Fitch
``We expect strong underwriting profitability to continue supporting the reinsurers’ ratings this year, with price levels and favourable terms and conditions adequately compensating for high claims inflation. Investment income will continue to bolster earnings as...
SC asks govt to fix standardised rates for hospital treatments across the country in next six weeks
`We, direct the Secretary, Department of Health, Union of India to hold a meeting with his counterparts in the State Governments/Union Territories and come with a concrete proposal by the next date of hearing((in the next six week).In the event the central...
More than 40 pc pillion riders do not wear helmets, sustain serious injuries in accidents: AIIMS Trauma Centre
In the data collected by AIIMS Trauma Center, it has also been found out which vehicle has seen the maximum number of road accidents. In the year 2022, the number of M2W i.e. two-wheelers is the highest which includes motorcycles, scooters etc. In the year 2022,...