"The Hyderabad facility is fully insured, and we are in the process...
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Gulf shipping costs drop as Israel-Iran ceasefire holds
Shipping rates for supertankers, which can carry 2 million barrels...
S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's...
DDMA discusses preparedness for earthquake, prevailing H3N2 Flu situation
The Delhi Lt. Governor asked for retrofitting of all schools, hospitals, police stations, other critical government offices and vulnerable buildings especially in the 'Special Area' and old Delhi localities, according to the Earthquake Resilient Building Code. New...
RR Singh appointed as CMD of OIC
Rashmi Raman Singh, CMD,OIC Singh, a direct recruit officer belonging to 1987 batch of OIC, will be retiring in Feb 2025 New Delhi: Rashmi Raman Singh,58, general manger & director, Oriental Insurance Company(OIC), has been appointed as the CMD of the company...
MACT awards Rs 13.18 lakh compensation of man killed in motorcycle accident
MACT member M M Walimohammed ordered the driver of the errant vehicle and the insurance company Bajaj Allianz Insurance Co Ltd to jointly and severally pay the compensation to the claimants along with 8 per cent per annum interest from the date of filing of the claim...
ACKO acquires digital health platform in maternity & child health space
The platform, combined with ACKO's core insurance offering, will deliver personalised content and services to enable better healthcare choices, informed decisions, and improved outcomes Bengaluru: ACKO on Thursday has acquired Parentlane, a digital health platform in...
HDFC ERGO General launches ‘Vidyaavriksh’ learning academy
HDFC ERGO General Insurance Company launcheed 'Vidyaavriksh' learning academy, to enhance the skills of the young workforce. This academy will focus on specialised courses and function-specific training pathways under seven distinct academies namely Leadership...
U.S. insurers’ direct exposures to bank failures modest; Liability profiles support stability, says Fitch
Fitch's sector outlooks for U.S. Life and U.S. P&C are ‘neutral’ Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure to the failed banks (comprising...
Echo Re leverages ADEPT to drive efficient data exchange with Aon in Asia
ADEPT (ACORD Data Exchange Platform and Translator) facilitates real-time data exchange, translation, and transformation. It integrates with existing platforms, portals, and infrastructure to connect trading partners around the world, regardless of their existing...
Gallagher promotes James Kent to lead Global Insurance Strategic Relationships
In this role, James will be responsible for establishing and driving the framework that determines how Gallagher connects with its major strategic partners in the (re)insurance eco-system, including further investment in capital advisory and portfolio solutions....
China’s Ping An Insurance posts 17.6% drop in 2022 profit
“Household consumption recovery still faced many challenges, which continued to have an impact on Ping An’s long-term life & health protection insurance business,” it said. Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value,...
Bandhan Group mulls foray into insurance business
The group is open to both the organic and inorganic routes and is in talks with many general insurance companies for a potential acquisition, the report said, without disclosing any names BENGALURU: Bandhan Group, which mainly has banking, mutual fund and microfinance...