Commenting on the launch of Syndicate 2454 in South Africa, Mikir...
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New India pays Rs253.44 crore of dividend to government for FY25
Lto R-Kasturi Sengupta,executive director(ED), Girija Subramanian,...
Heavy rainfall unleashes deadly floods across Southeast Asia
Total number of confirmed dead in Vietnam is now 91.Flooding in...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the incumbent Suresh Mathur, who is on deputation from the IRDAI, will be retiring soon Hyderabad: Atanu Kumar Das, former MD & CEO, Bank of India(BoI), 60, has been selected by the insurance regulator...
Strong quake in Philippines triggers tsunami warnings and evacuations
The U.S. Tsunami Warning System, which initially warned of waves of up to 3 metres (10 feet) above the usual high tide level, later said there was no longer a tsunami threat The Philippine Institute of Volcanology and Seismology, Phivolcs, maintained that the risk of...
Festive demand, better production lead to highest-ever November PV wholesales
''It is the highest-ever November wholesale figure for the passenger vehicle segment,'' Maruti Suzuki India (MSI) Senior Executive Officer (Marketing and Sales) Shashank Srivastava told reporters in a virtual call New Delhi: Passenger vehicle (PV) dispatches rose to...
Govt has no plans to table `The Insurance Bill, 2023 during Winter Session of Parliament
``By all means, the fate of the `The Insurance Bill, 2023’ is now sealed and it depends upon the next government, which will be in place by June 2024, to take a call on this legislative document,’’ said government sources New Delhi: Any hope of `The...
Europe agrees on rules to protect smart devices from cyber threats
Manufacturers will have to assess the cybersecurity risks of their products, provide declarations of conformity and take appropriate action to fix problems during the expected lifetime of the product or for at least five years EU countries and EU lawmakers on Thursday...
Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman
Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating its options for setting up in GIFT City. The summit jointly organised by IFSCA and IRDAI has allowed the market to engage with the two regulators and obtain clarification on a number of areas, said...
Electric vehicles are less reliable than gas-powered cars: US consumer report
Consumer Reports noted that lingering concerns about reliability will likely add to the issues that give many buyers pause when considering a switch to the new technology, joining concerns about higher costs, too few charging stations and long charging times Electric...
UK health insurance rates to soar on surging claims-industry experts
British individual and workplace health insurers paid out a record of nearly three billion pounds ($3.74 billion) for claims in 2022, an ABI spokesperson said. Employers are enthusiastic about offering health cover, as delayed treatment can lead to sickness and...
First bond to insure against cyber attacks issued
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
After Munger’s death, Berkshire succession comes into focus
Ajit Jain,Vice Chairman, Insurance Operations, Berkshire Hathaway Charlie Munger's death, on Tuesday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Warren Buffett's top...