Rob Leonardi, Asia Regional Officer, Generali, said, “India has...
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India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities...
AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing, said the people, who spoke on condition of anonymity Paris: One of the world’s top insurers is mulling offloading its property...
Jacques de Vaucleroy selected as chairman of Swiss Re
Jacques de Vaucleroy, vice chairman, Swiss Re After careful consideration, the reinsurer's Governance and Nomination Committee under the lead of Joerg Reinhardt concluded that Jacques de Vaucleroy be proposed for election as the new Swiss Re Chairman at the next AGM...
WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development
``Our new 4-peril parametric insurance provides an efficient and simplified solution to support businesses vulnerable to multiple weather events that are not covered by traditional insurance products in the market. WTW has structured the region’s first 4-peril...
Indonesia’s parliament approves changes to healthcare laws amid protests
The new laws will make it easier for foreign doctors to practise in Indonesia, enable patients to file criminal complaints against medical workers for malpractice and remove a requirement for the state to allocate 5% of its budget to the health sector, a...
Auto industry says tweaked definition of SUV will provide clarity on taxation structure
Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava said, "From the various media reports, it appears that the peak cess of 22 per cent over the 28 per cent GST slab is now applicable for all vehicles fulfilling the three conditions...
Rain-battered north India counts its losses, rescue efforts gather pace
Northwest India saw incessant rainfall during the last three days, with many areas in Jammu and Kashmir, Uttarakhand, Himachal Pradesh, Haryana, Uttar Pradesh and Rajasthan recording ''heavy to extremely heavy'' precipitation Himachal Pradesh's initial estimate of...
Professional Indemnity: Emerging global liability trends for professional services firms
A new report from professional indemnity (PI) insurer Allianz Global Corporate & Specialty (AGCS) identifies a number of emerging liability trends for companies, ranking them by level of anticipated impact, potential drivers of loss activity and the likely ease...
Helicopter with six on board missing near Mount Everest in Nepal
According to initial reports, the helicopter was carrying a total of six individuals. It was piloted by Senior Captain Chet Gurung, the Himalayan Times newspaper quoted a source as saying Kathmandu:, A Manang Air helicopter with six people aboard went missing near...
London is falling down and it’s because of climate change
That phenomenon — known as subsidence — has become worse in the UK after last year’s drought and a deadly heat wave that pushed temperatures past 40C (104F) in July 2022 to record levels The damage has triggered the highest insurance payout in almost two decades, with...
Allianz ropes in AIG’s Christian Sandric as commercial managing director Asia
Christian Sandric In Asia, Allianz is targeting significant growth opportunities across the full Commercial segment which entails mid-sized companies, large multinational corporations and specialty business leveraging its extensive geographical network, enhanced...