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6 general insurers hit with over Rs 2k crore losses as fire destroys Nashik manufacturing plant of Jindal Poly Films
The insurers, who have provided the cover for the plant are-...
Reliance General Insurance posts 12.5 rise in net profit to Rs 315 cr in FY25
Hinduja owned IIHL, which acquired Reliance Capital through the...
Aon names new leaders for Asia Pacific Reinsurance Solutions
``In 2022, we have continued to strengthen our business and a key part of this success is building a team that inspires and energises each other to create differentiated solutions for clients and deliver the exceptional level of service our clients demand, George...
Overhauling Regulations: Time for spurring long-term sustainable growth
Unless the existent issue of muted demand for insurance, especially life insurance products, is not acknowledged and addressed by the regulator and the industry, such supply-side proposals alone will not be adequate to spur sustainable growth, says a report by Emkay...
Govt proposes scrapping of minimum capital for insurers
The department of financial services (DFS) has said these amendments would enhance the financial security of policyholders, promote their interests, and improve their returns New Delhi: Revamping the existing regulatory frame work, the finance ministry has proposed...
Independent valuers give Rs 13,000 crore liquidation value for Reliance Capital
According to Duff and Phelps' valuation report, the liquidation value of Reliance General Insurance is Rs 7,000 crore, and Reliance Life Insurance is Rs 4,000 crore. On the other hand, RBSA has given a liquidation value of Rs 7,500 crore and Rs 4,300 crore for...
Car sales in fast lane in November; Maruti, Hyundai, Tata Motors post double-digit growth
''The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps,'' M&M President, Automotive Division Veejay Nakra New Delhi: Car makers have logged the best-ever...
AM Best maintains stable outlook on global reinsurance industry
Chief among the negative drivers is the heightened natural catastrophe activity that continues to test investors’ risk tolerance levels, according to a new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance.” AM Best has maintained its...
Hurricane Ian drives global Nat Cat insured losses to $115 billion in 2022: Swiss Re
2022 is the second consecutive year in which the estimated insured losses total more than $100 billion, continuing the trend of a 5–7% average annual increase over the past decade The re/insurance industry covered roughly 45% of the economic losses this year,...
Miller continues expansion of Asia Marine offering with new hire
Miller, the leading specialist (re)insurance broker, today announces the appointment of Choo Cai Ling in a production and broking role, joining its Singapore based Marine team. Cai Ling will begin the role on 1 December 2022 and report into Nick King, Head of Marine...
Martin Zschech to lead Global Industry Solutions & Client Management team at AGCS
Global Industry Solutions is a key part of the NEW AGCS strategy. It creates an industry-led sales model for AGCS targeting specific industry segments, with GIS Directors as single points of contact to drive solutions across all Lines of Business and other Allianz...
Large parts of world drier than normal in 2021: WMO
Between 2001 and 2018, UN-Water reported that a staggering 74 per cent of all natural disasters were water-related The recent UN climate change conference, COP27, in Egypt, urged governments to further integrate water into adaptation efforts, the first-time water has...