"The dramatic rise of trade and geopolitical risk highlights a new...
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Markel bolsters International War and Terrorism team with new operations manager
Markel Insurance, today announced the appointment of Clarice...
NIA receives GST notice
The New India Assurance Company Limited on Tuesday said that it has...
Marsh partners with Ukrainian govt and insurers for cost-effective covers for Black Sea grain shipments
Denys Shmyhal, Prime Minister of Ukraine, said: “The launch of the Unity facility will enable Ukraine to provide vital food supplies to the world at the same time as supporting the Ukrainian economy and keeping the Black Sea open for international trade. This...
National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24
``Yes, we have improved on all key parameters of our operations to earn some profit in the first half the year. Going forward, our efforts will be to sustain profitability. Our primary focus will be profitability and not just the topline growth. We now know the pain...
12 insurers complete their integration with National Health Claim Exchange
Under the Digital Health Incentive Scheme, to encourage efficiency in insurance claim processing, there is a provision that for every insurance claim transaction through NHCX, financial incentives of Rs 500 per claim or 10% of the claim amount, whichever is lower...
Cyber ‘Catastrophe Bonds’ set to test bond markets
Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And AXIS Capital is preparing to issue a $75 million cyber...
Russian flagship carrier Aeroflot says it clinches deal with lessor
Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows Russian flagship carrier Aeroflot said on Thursday it...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
Ukraine export corridor freight costs reverse brief rise
As a result of the Russian attack, sea freight rates rose $20 a tonne and the number of shipowners willing to load in Ukrainian ports decreased, Spike Brokers, which tracks and publishes export statistics in Ukraine, said on Telegram early on Friday Freight costs for...
Lloyd’s of London SPAC venture scrapped due to volatile markets
Following a frenzy of deals in the early days of the COVID-19 pandemic, SPACs have lost popularity as they struggle to find businesses to merge with. Others have seen lackluster stock performance after acquiring a target Financials Acquisition Corp. said Monday it...
Over 1,100 people killed till October 31 this year in road accidents: Delhi Police data
The officer further said that to tackle road accidents, Delhi Traffic Police has implemented various measures, including addressing reckless driving and drunken driving, establishing an effective enforcement mechanism, conducting real-time data analysis, enhancing...
ACKO launches cover for cricket fans
General insurer ACKO has launched a product, `100 Over Insurance' ,for cricket fans that covers all personal injuries suffered during the match. Priced at just Rs 100,this product provides insurance cover for fans against any sort of personal injuries while watching...