Susan Panuccio, Group Chief Financial Officer-designate, Howden...
Category:
Non-Life
Latest
Marsh McLennan and its businesses will brand as Marsh
Creates a new unit, Business and Client Services (BCS), to...
Aon bolsters its broking capabilities with two senior leadership appointments
Both appointments are effective immediately, with Michelle and Lucy...
ICICI Lombard General Insurance to be lead insurer for Tripura
ICICI Lombard General Insurance Company has been nominated by the IRDAI as a lead insurer in the non-life segment in the state of Tripura. The insurer aims to implement the state insurance plan,ensuring access insurance services to uninsured population. The recently...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency for adequate protection,” CEO Patrick Gallagher told Reuters, adding that there is ongoing demand for insurance coverage to secure properties, homes and businesses from potential damages and losses...
Bermuda considers introducing corporate income tax
The Bermudan government said in a statement the proposal would end the island nation’s long-standing 0% corporate income tax and would apply to Bermudan units of multinational corporations with 750 million euros ($820 million) or more in annual revenue. The proposal,...
After attacking Ukraine wheat exports, Russia faces own shipping challenge
Insurance for ships heading to Russia’s Black Sea ports currently costs tens of thousands of dollars in additional premiums daily, the three sources said, with rates ticking higher following Russia’s attacks on Ukraine’s other waterways through the Danube in recent...
WHO classifies EG.5 as COVID-19 ‘variant of interest’
"We don't detect a change in severity of EG.5 compared to other sublineages of Omicron that have been in circulation since late 2021.Collectively, available evidence does not suggest that EG.5 has additional public health risks relative to the other currently...
Govt doubles down on safeguarding Indians from rising cyber crimes: MoS IT
Rajeev Chandrasekhar,Minister of State for Electronics and IT “On being notified by the customer, the bank shall credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer’s account within 10 working days from the date of...
ICICI Lombard Gen gets Rs 273 cr GST demand notice
The company has already deposited an amount of Rs 104 crore as GST under protest, without accepting any liability in this regard and would be filing its response against the notice within the prescribed timelines New Delhi: ICICI Lombard General Insurance has become...
Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...
Heatwaves and high temperatures threatening young lives in South Asia: UNICEF
UNICEF estimates that 76 per cent of children under 18 in the region - 460 million - are exposed to extreme high temperatures where 83 or more days in a year exceed 35° Celsius UN News: Three-quarters of children in South Asia are already exposed to extreme high...
Govt says crop insurance claims worth Rs 2,761.10 cr pending under PMFBY till 2021-22
Narendra Singh Tomar, Union Agriculture Minister Out of the pendency of claims, the maximum was in Rajasthan (Rs 1,387.34 crore), followed by Maharashtra (Rs 336.22 crore), Gujarat (Rs 258.87 crore), Karnataka (Rs 132.25 crore) and Jharkhand (Rs 128.24 crore), the...