Howden Re has announced the appointment of Candy Wong as Head of...
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Fenchurch Law strengthens Asia-Pacific presence with new partner appointments in Singapore
Fenchurch Law, the leading international law firm for insurance...
Lockton India appoints Girish Mantri from Howden India as CFO
Lockton, the world’s largest privately held, independent insurance...
`Bima Sugam is a big game changer for the end user and companies will also get the advantage”
In an interview with IANS, Anil Kumar Aggarwal, Managing Director & CEO, Shriram General Insurance Company, said the year 2022 has been one of the best years for the Indian general insurance industry. As per the trends, the industry is expected to double its...
Japan insurers to maintain cover for LNG vessels in Russian waters
The insurance companies negotiated with reinsurers to replace part of the coverage and they are expected to enable continued insurance, Nikkei reported on Thursday After renegotiating with UK reinsurers, a total of 30 billion yen ($224 million) is expected to be...
Lenders to meet on Tuesday to discuss bids for Reliance Capital acquisition
In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of Rs 8,640 crore, while Hinduja's offer was Rs 8,110 crore After the e-auction was over, sources said, Hinduja...
Jan 04 strike over restructuring deferred as management agrees to talk:PSU gen insurance unions
On Monday, under the banner of Joint Forum of Trade Unions (JFTU),the unions participated in conciliation meeting with the management under the guidance of chief labour commissioner(CLC). Various arguments took place in the meeting from both sides and finally CLC...
SC issues detailed norms for adjudicating motor accident claim cases
The Court has noted the concern regarding the delay in disposal of the claims cases under the Motor Vehicles Act, in the trial court or at the appellate stage. For effective implementation of the M.V. Amendment Act and the Rules framed thereunder, the specified...
Global natural catastrophe 2022 insured losses seen at $112 bln- Guy Carpenter
This year’s renewal season was “one of the most challenging. ..the sector has experienced,” Guy Carpenter said, adding that the process had been “extremely late.” Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance...
Domestic passenger vehicles sales rise 23 pc to record of 37.93 lakh units in 2022
''The industry wholesales in January to December 2022 were just short of 38 lakh units. It was 37.93 lakh units against 30.82 lakh in 2021, which is a growth of 23 per cent,'' Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank Srivastava told...
Govt plans to increase number of Janaushadhi Kendras to 10,000 by March 2024
Medicines which are priced 50 per cent to 90 per cent less than that of branded versions are sold at the PMBJKs with the product basket comprising 1,759 medicines and 280 surgical devices covering all major therapeutic groups such as cardiovascular, anti-cancers,...
Covid-mutation risk drives rush to test travellers from China across world
The scenario echoes the pandemic’s early days, when China was criticized for not releasing key genetic data on the virus until weeks after news of the new illness became public. Keeping up with viral evolution has posed difficult challenges for drugmakers. For...
Cyber Insurance: Crucial For Digital World
Ransomware attacks, in which hackers gain control of files and data to extract financial gain, continue to be the biggest concern of organisations and is expected to get even more prominent in the years ahead Cyber insurance market is the fastest growing segment in...