David Howden CBE, CEO, Howden said: “We have already built up a...
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79% of Indians unsure if their insurance policy offers adequate coverage: Survey
Saurabh Vijayvergia, founder & CEO, CoverSure, said, “This...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be...
Buffett’s Berkshire records annual operating profit despite inflation, rate pressures
Warren Buffett, chairman,Berkshire Hathaway Berkshire did spend $11.5 billion in the fourth quarter to buy the insurance company Alleghany. Warren Buffett’s Berkshire Hathaway on Saturday reported its highest-ever annual operating profit, even as foreign currency...
IndiGo, Go First face P&W engine headwinds; over 50 planes on ground
"Like many in the industry, we are experiencing global supply chain challenges, which are limiting the availability of structural castings and other parts and we are working mitigation strategies with our supply base and expanding MRO (Maintenance, Repair and...
Earthquake in India’s Himalayas to be felt in Sri Lanka
If India experiences a quake of magnitude 8, it would be felt in Colombo and Jaffna, Athula Senaratne, a local university professor, told reporters Sri Lanka's capital Colombo and the northern capital of Jaffna are likely to feel the effect of any powerful earthquake...
‘More value to be discovered, NCLT has usurped the jurisdiction of the CoC’, RCap to NCLAT
Earlier this month, NCLAT had issued notices to Torrent Investments and other respondents on a petition filed by the lender of Reliance Capital seeking a second round of financial bids for the debt-ridden firm, currently going through insolvency resolution process The...
Reliance General’s PBT at Rs 334 crore in 9FY23, wants capital infusion
Company has grown its investments assets at 20 per cent to Rs. 16,581 Crore for 9M FY23 as against Rs. 13,861 crore for the corresponding period 9M FY22 Mumbai: Profit before tax of Reliance General Insurance has grown to Rs 334 crore for 9M FY23 as against Rs 314...
Shipping industry steps up calls to free seafarers still trapped by Russia’s war
In the weeks after the war began, some 2,000 crew members were caught in the crossfire on ships in the Black Sea and the Sea of Azov. Safe corridors helped reduce that number in the months that followed. But the total remaining stands at an estimated 331 seafarers on...
Chile readies major earthquake insurance with World Bank
“The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said in a statement Chile is finalizing...
No cause of concern for wheat crop if temp prevails below 35-degree C in mid-March: IARI
Wheat, a major rabi (winter) crop, would be ready for harvest next month. As the Met office has forecast rising temperatures in parts of the country, farmers are worried about a repeat of last year when the heatwave hit the crop yields. New Delhi: Amid concerns over...
Turkey Earthquakes: Total insured losses likely to exceed $5 billion,Moody’s RMS
Economic losses from the moment magnitude (Mw) Mw7.8 and Mw7.5 earthquakes that struck southern Turkey on February 6 are likely to exceed US$25 billion Observations from early damage reports issued by the Turkish Ministry of Environment, Urbanization, and Climate...
Munich Re beats 2022 profit target with 74% fourth-quarter leap
"Munich Re absorbed the crises of 2022 well," Chief Executive Joachim Wenning said It reduced the share of proportional business and, owing to the attractive price level, grew in the area of non-proportional natural catastrophe covers in particular. Despite increasing...