Jurecka has been with the Group since 2011 and will succeed Joachim...
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ICICI Lombard and AWS enable seamless business continuity with automated Disaster Recovery solution
ICICI Lombard in collaboration with Amazon Web Services (AWS), has...
FM expands footprint in India with new innovative centre in Bengaluru and sales office in Mumbai
Complementing the Bengaluru expansion, FM will also open a new...
Gujarat braces for Cyclone Biparjoy; landfall likely on June 15, 7,500 moved to safety
Two of India biggest ports - Mundra and Kandla - are in the Gulf of Kutch, while the Jamnagar refinery, the world's biggest oil refinery complex owned by Reliance Industries, is based in Saurashtra Ahmedabad: A storm off India's west coast has strengthened to become a...
SCOR chairman Kessler, 71, passes away, company pays tribute
Denis Kessler Thierry Léger, chief executive officer, SCOR, said, “Over the past two decades, Denis Kessler has been the architect behind SCOR’s success and reputation throughout the world. His passion for reinsurance was unparalleled, and his ambition to make SCOR an...
UN says London market insurance coverage secured to salvage rusting oil tanker off Yemen
The insurance is supported by significant engineering expertise, which has been mobilised to undertake the movement of the oil, and includes naval architects, chemists, surveyors and oil spill response organisations, as well as government entities and the UN London:...
Guy Carpenter appoints Laurent Rousseau as CEO of EMEA
Guy Carpenter announced the appointment of Laurent Rousseau, former CEO of SCOR, to the newly created position of Guy Carpenter CEO of EMEA and Global Capital Solutions, effective September 4, 2023. Based in London,he will report to Dean Klisura, Guy Carpenter...
Putin signs law to establish Eurasian Reinsurance Company
The company will provide insurance support for the mutual and foreign trade of Eurasian Economic Union (EAEU) countries, Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. stimulate the development of investment cooperation, and support export loans and cooperation...
Russia-linked hackers give British Airways and the BBC a week to open ransom negotiations
The hacker group, known as Clop, said companies that use the secure file transfer product MOVEit from Progress Software Corp. should email it before June 14 or else it would publish stolen data, according to a statement on the gang’s darkweb page A Russian-speaking...
UK Eyes War-Risk Insurance Scheme for Ukraine’s reconstruction
The danger of war damage, as well as longer-term political and economic instability, have seen the costs of insuring investments in Ukraine shoot up, often pricing out both investors and private insurers. Ukrainian President Volodymyr Zelenskiy has called on allies to...
California insurers’ inability to price risk is causing headaches
State regulations ask wildfire insurers to set rates for annual catastrophic coverage as a fraction of damages accrued over 20 years — without mention of models that can capture the accelerated rate of land use change and development, weather and wind trends or the...
Brain tumour cases rising ‘steadily’ in India, 20% are children: Doctors
"India is witnessing an increasing trend of central nervous system tumours. The prevalence ranges from 5 to 10 per 1,00,000 population. Very few people know that out of these, only two per cent of tumours turn cancerous," said Ravindra Srivastava, Director...
Buckling up to save lives: UN celebrates five decades of seat belt laws
“The compulsory wearing of safety belts, as well as helmets for two-wheelers, and increased political commitment to road safety, played a decisive role in the reduction of road deaths throughout Europe from the 1970s onwards,” said Jean Todt, UN Special Envoy for Road...