Jamaica’s losses will range between $5 billion to $16 billion,...
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LM Re appoints Andrew Aldwinckle as International Casualty Chief Underwriting Officer
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual...
MS Amlin signs multi-year deal for CyberCube Solutions to support cyber growth strategy
Chris Methven, Chief Growth Officer at CyberCube, said,``Our...
Insight: Coal miners forced to save for a rainy day by insurance snub
Dozens of insurers have announced restrictions on their cover for the coal industry, particularly for new projects, in response to pressure from shareholders, governments and environmental groups who want to limit coal’s contribution to global warming. This follows...
Global EV sales grow 50%, China market faces slowdown
“Tesla is obviously a big influence, but increasingly Hyundai Kia, Volkswagen, BMW, and Mercedes are moving the needle in premium,” said Soumen Mandal, senior analyst for automotive New Delhi: The global electric vehicle (EV) sales grew 50 per cent (year-on-year) in...
Sompo International appoints Vicky Sarjeant as Head of Energy Insurance, Asia Pacific
Sompo International, a global provider of commercial and consumer property and casualty (re)insurance, has appointed Vicky Sarjeant as Head of Energy Insurance, Asia Pacific. She will be based in Singapore, and report to Paul O’Neill, President of Commercial Lines,...
Howden makes new appointments for Asia Pacific and India
Howden has appointed of Bozidar Ljubisavljevic as executive director, Marine, based in its Singapore office. He is taking on a new role in Singapore to strengthen Howden’s value proposition for the benefit of marine and logistics clients in Asia Pacific. The broker...
NCLT reserves order on Torrent Investent’s plea against lenders on bidding
In its appeal, Torrent Investment said the matter is pending with the Supreme Court and if the tribunal approves IIHL's Rs 9,650 crore resolution plan it will become infructuous if the apex court rules against the Committee of Creditors (CoC) decision on the extended...
Mukesh Ambani in talks with head hunters for spotting Jio Insurance CEOs
Mukesh Ambani,Chairman,Reliance Industries Limited Korn Ferry and Spencer Stuart Inc. are among the firms that have held talks with representatives from the petrochemicals-to-consumer conglomerate, the people said. Jio Financial will look to hire a chief executives...
Insurers have to provide key details of health policies separately to customers: IRDAI
The separate information sheet accompanying a health insurance policy has to be also signed by the customer before policy is getting issued by the insurer Hyderabad: Further streamlining the customer friendly features in a health insurance policy, segment regulator...
Air pollution greatest global threat to human health: Study
Globally, South Asia is the worst impacted region. Bangladesh, India, Nepal and Pakistan are in order the top four most polluted countries in terms of annualized, population-weighted averages of fine particulate matter, which are detected by satellites and defined as...
Compensation claims in road accidents need not be proven like criminal cases: HC
“A holistic view of the evidence has to be taken into consideration by the tribunal and strict proof of an accident caused by a particular vehicle in a particular manner need not be established by the claimants. The claimants have to establish their case on the...
DFS asks GIPSA to include GIC Re and AIC as its members
The move by the DFS has come at a time when GIC Re had already expressed its desire to the DFS to be treated separately from the rest of PSU general insurers in some areas particularly deciding wages and allowances of its employees New Delhi: The Department of...