John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to...
Category:
Non-Life
Latest
Why accident insurance cover only for those purchasing tickets online, SC asks railways
A bench of Justices Ahsanuddin Amanullah and K Vinod Chandran was...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering,...
Govt ropes in Deloitte for evaluating new 9 EDs of PSU gen insurance industry
At the end of the programme, Deloitte will give some grades to each of the officials which will be taken into account for the selection executive directors by the FSIB at the time of final interview New Delhi: The government, for the first time, has roped in...
Moody’s RMS partners with insurtech Alwrite to provide quick quotes to Indian insurers
“ Offering simplified and efficient integration, Moody’s RMS Location Intelligence API solution combines our strength in catastrophe modeling with the latest technology, to deliver risk data into the heart of the innovative Alwrite platform'' Alok Kumar, managing...
Bermuda reinsurer returns peaking, to remain favorable in 2024: Fitch
``We expect market conditions to remain favorable at the 2024 midyear renewals, although with stabilizing rates as pricing is generally sufficient. (Re)insurers are also expected to mostly maintain the tighter terms and conditions negotiated in 2023,'' said Fitch New...
EVs development, adoption to play major role in India’s transition to low carbon economy: DPIIT Secy
Rajesh Kumar Singh, Secretary,Department for Promotion of Industry and Internal Trade As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022. On the back of increasing EV demand, the Indian government is providing fiscal...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla Insurance Brokers, whose acquisition by a private equity fund -Samara Capital- has not been approved by the Indian insurance regulator IRDAI yet, have also joined Lockton’s India operation Singapore: US...
Panda to address 2-day Bima Manthan for insurers
Debasish Panda, chairman, IRDAI The 2-day meet on Jan 23rd and 25th will be participated by CEOs of life and general insurance industry respectively Hyderabad: Debasish Panda, chairman, IRDAI, will be addressing the last Bima Manthan meet of FY 2023-24 on Thursday in...
Hedge funds rake in huge profits betting on catastrophe risk
The best hedge fund strategy of 2023 was a bet on insurance-linked securities (of which catastrophe bonds are the dominant sub-category), which generated over 14%, according to Preqin, a consultancy that provides data on the alternative asset management industry....
Sanlam banks on India as its home market reels
Paul Hanratty,Chief Executive Officer, Sanlam “If you ask where our real short-term upside is, it’s India. We’ve got a great business with them, growing tremendously. That is our fast-growth outlet” Paul Hanratty, 62 Sanlam Ltd., Africa’s biggest insurer, is banking...
Russian charter flight with 6 people disappears over Afghanistan; crash reported
Russian aviation authorities said in a statement the plane was a charter ambulance flight traveling from India, via Uzbekistan to Moscow on a French-made Dassault Falcon 10 jet manufactured in 1978 Russian aviation authorities said on Sunday a Russian-registered...
Power capacity from non-fossil fuels to touch 65% by 2030: Minister
“We have about 99 GW of renewable energy capacity under construction and around 32 GW of renewables under bidding stage. We shall be bidding around 40 – 50 GW of renewable capacity every year'' Minister for Power and New & Renewable Energy R. K. Singh New Delhi:...