Judge R V Mohite on Friday directed Reliance General Insurance Co....
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Howden to acquire Gravitas, to accelerate global Sport & Entertainment capabilities
This announcement follows Howden’s other recent Sport &...
Radian to acquire Inigo for $1.7 billion, to become a global multi-line specialty insurer
The company’s expansion into the Lloyd’s global specialty market...
Fabrice Brégier appointed chairman of SCOR’s board of directors
Fabrice Brégier non-executive Chairman, SCOR The SCOR directors comment: “His wealth of experience at the head of major international groups and his in-depth knowledge of corporate governance are solid assets for SCOR, as the Group gains fresh momentum. He and Thierry...
Allianz Global Corporate & Specialty SE appoints a new CFO
Munich: Allianz Global Corporate Specialty SE (AGCS) has appointed Oskar Buchauer, currently head of Allianz Group Actuarial, Planning and Controlling and Group Chief Actuarya as new chief financial officer (CFO) to its board of management. With effect from September...
Global protection gap reaches a new high of $1.8 trillion in 2022
`We see the world economy today as in need of a sustained reload in resilience. The value of unprotected risk exposure globally has risen steadily in the past five years. We estimate about 43% of risk globally was unprotected by assets or insurance in 2022, improved...
Titanic sub: victims’ families could still sue despite liability waivers
Waivers are not always ironclad, and it is not uncommon for judges to reject them if there is evidence of gross negligence or hazards that were not fully disclosed “If there were aspects of the design or construction of this vessel that were kept from the passengers...
Hurricane Outlook: 2023 to consist of 12 to 17 named storms, 5 to 9 hurricanes and 1 to 4 major hurricanes
“The upcoming Atlantic hurricane season is expected to be less active than recent years, due to competing factors—some that suppress storm development and some that fuel it—driving this year’s overall forecast for a near-normal season,” NOAA reported Despite the fact...
Maharashtra saw 7,700 two-wheeler rider deaths in 2022; no use of helmet main reason
As per the official statistics revealed earlier this year, a total of 14,883 people were killed in road accidents in the state in 2022, an increase of 2,095 compared to 12,788 fatalities recorded in the pre-COVID-19 year of 2019 Maharashtra has more than four crore...
Value of biz covered by ECGC expected to increase to over Rs 10 lakh cr in this fiscal: Goyal
Piyush Goyal,Commerce and Industry Minister Commerce and Industry Minister Piyush Goyal added that in the next four months, all procedures at the company would be made completely digital and grievance redressal mechanism to be implemented over video conference ECGC...
Marsh McLennan to work with Ukrainian government to unlock access to global insurance market
It follows the proposals that Marsh McLennan has made to Ukrainian and G7 governments for the creation of a war risk insurance pool. This would be a multinational public-private partnership based on the existing terrorism insurance pools that currently operate in...
Over 1.3 billion people globally to have diabetes by 2050, finds study
Addressing racism and economic inequality will be important for controlling diabetes, a group of researchers from the US, Africa, India and Australia, wrote in a separate article in the same journal. People in low- and middle-income countries are more likely to suffer...
Assam floods: Nearly 4.96 lakh people affected in 22 districts
In the last 24 hours, the flood waters breached 10 embankments and damaged 3 other embankments, 92 roads, 3 bridges, several Anganwadi centres, irrigation canals, and culverts The ASDMA flood report also stated that 3,46,639 domestic animals have also affected due to...