The business will become part of Millstream Underwriting, which has...
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Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant...
Russian-bound tanker hit by drone in Black Sea, maritime sources Say
In late November, shipping insurance rates rose after Ukrainian...
Premiums for disaster-prone areas need to be subsidised: Parl panel
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...
House panel recommends reduction of GST on health, term and micro insurance policies
Jayant Sinha, chairman, Parliamentary Standing Committee on Finance The Committee is in favour of allowing composite licensing that could provide further impetus to the insurance sector owing to its various benefits New Delhi: The Parliamentary Standing Committee on...
CCI approves Zurich Insurance stake in Kotak Mahindra General Insurance
In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
Howden appoints David Shalders as its Group Chief Operating Officer
International broker Howden has appointed David Shalders as its Group Chief Operating Officer. With 30 years' experience, Shalders joins Howden from LSEG (London Stock Exchange Group), where he currently holds the role of Chief Operating Officer and Head of Integration.
WTW launches world-first parametric insurance protection for endangered South Pacific coral reef system
Sarah Conway, Director and Ecosystem Resilience Lead, WTW, said: “We are grateful to BHP for supporting the design and implementation of the first coral reef insurance programme in Fiji. Building on lessons learned from our involvement with similar initiatives in...
Cyber threat,public liability and geopolitics pose greatest risk to organisations: WTW survey
Ben MacCarthy, Head of Real Estate, Hospitality & Leisure, Asia, at WTW, said: “We found APAC firms pursuing innovative solutions through Proptech, with a focus on SMART buildings and improving ways data is accessed accurately especially to adapt to ESG and...
At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23
A dividend cheque of Rs.1083.60 crore for FY 2022-23 was handed over to Finance Minister Nirmala Sitharaman by N. Ramaswamy, CMD, GIC Re with M P Tangirala, additional secretary, Dept of Financial Services (extreme left), and, Hitesh Joshi, general manager, GIC Re...
Availability of containers not affected due to Red Sea crisis: Patel
Minister of State for Commerce and Industry Anupriya Patel said that Indian Navy has substantially enhanced maritime surveillance efforts in central/north Arabian Sea and augmented force levels. For effective surveillance of EEZ (exclusive economic zone), Indian Navy...
More than 3.4 lakh cervical cancer cases reported in India: Govt
A population-based initiative for prevention, control and screening for common NCDs, such as diabetes, hypertension and common cancers, has been rolled out under the NHM and also as a part of comprehensive primary healthcare.Under the initiative, those aged above 30...
Red Sea attacks: Firms forced to test new land routes via UAE, Saudi
Cargo from India, Thailand, South Korea and China has been sent by trucks in recent weeks, Fridman said. Goods destined for Asia are also moving in the opposite direction, helping lower overall costs, Hanan Fridman,CEO,Trucknet Enterprise said An Israeli software...