Rob Leonardi, Asia Regional Officer, Generali, said, “India has...
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India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities...
Changes to the AGCS SE Board of Management to drive new integrated Allianz Commercial model
CEO Joachim Mueller comments on these Board realignments: “With these new joiners and a new allocation of responsibilities for some current Board Members, we, as a leadership team, are ready to open the next chapter in AGCS’s corporate history: the realization of the...
Climate change to cost Germany up to 900 billion euros by 2050 – study
Germany’s economy and environment ministries cited the study as showing that extreme heat, drought and floods could cost between 280 billion euros ($297.81 billion) and 900 billion euros between 2022 and 2050, depending on the extent of global warming The costs...
Recovery and risks in global entertainment industry
The glamour, revenues and audiences may all be returning post-pandemic, but the movie and live events business has yet to fully recover from the Covid crisis and is having to constantly evolve in a new environment driven by economic, technology and sustainability risk...
Gallagher Re acquires treaty reinsurance broking business of WTW India Insurance Brokers
Vinod Krishnan has been appointed to lead the Gallagher Re business in India with immediate effect It comes as an agreement to acquire the treaty reinsurance broking operations of Willis Towers Watson India Insurance Brokers Private Limited (“WTW India”) was signed,...
India faces high power cut risks after years of coal, hydropower neglect
While Indians looking to beat the heat this summer will want steady power for their air-conditioners, night time outage risks threaten industries that operate around the clock, including auto, electronics, steel bar and fertiliser manufacturing plants "If there is a...
Over 10 million older adults in India likely have dementia: AI study
''Our research was based on the first and only nationally representative aging study in India with more than 30,000 participating older adults in the country,'' said Haomiao Jin, co-author of the study and Lecturer in Health Data Sciences at the University of Surrey,...
IRDAI promotes Meena Kumari as ED, reshuffles portfolios of a few key CGMs
Anita J,who has been promoted as CGM, has replaced SN Jayasimhan and will be in charge of Department of Intermediaries. Jayasimhan has been shifted to Department of Policy Research. Ramana Rao A, CGM, has succeeded DVS Ramesh, CGM, in Non-life department...
Yellen warns climate change could trigger asset value losses, harming US economy
"As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as...
Swiss Re closes second alternative capital transaction with J.P. Morgan
Philipp Rüede, Head of Swiss Re Alternative Capital Partners, said: "This deal also represents another important step on Swiss Re's Alternative Capital Partners' journey, where we are increasingly using alternative capital to address our wider capital management...
General insurers likely to end FY 2022-23 with a total prm of over Rs 2.5 trn, Pvt sector players’ market share exceed 60%
Twenty multiline private sector general insurers led by ICICI Lombard General Insurance, have maintained a formidable lead over the four PSU general insurers by recording a total premium of Rs 1,19,561.38 crore, a y-o-y growth of 21 per cent and have already...