Buffett said he will recommend to Berkshire Hathaway’s board that...
Category:
Non-Life
Latest
India bans imports from Pakistan amid tension over tourist killings
India's Directorate General of Foreign Trade in a notification said...
Denmark plans $1 billion war insurance for its merchant fleet
Denmark plans to set aside almost $1 billion to insure its merchant...
Munich Re warns on target after $1.6 billion hit from Ian
Ian hit Florida in September and was one of the strongest hurricanes to ever make landfall in the US. It carved a trail of ruin across southern Florida, downing bridges, inundating roads and shattering homes. Insured losses have been estimated at more than $60 billion...
Volkswagen sued by investors in Germany for not disclosing alleged private climate lobbying activities
A group of Swedish public pension funds, Danish AkademikerPension and the Church of England Pensions Board filed the suit at a German court seeking to make VW include an item about their lobbying activities to the agenda of its shareholder meeting. If successful, the...
Bajaj Allianz General Insurance posts PAT at Rs 747 crore
The combined ratio, which measures the performance of the insurance operations, stood at 102 per cent in H1/2022-23 against 100.5 per cent in H1/2021-22. Significant sequential improvement was seen in the September quarter of 2022-23 with the combined ratio moving...
Ukraine insurance costs surpass Iraq war levels, industry sources say
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it's a more active war zone rather than an insurgency situation," said Alexis Fehler, accident and health underwriter at Lloyd's of London-backed insurer...
Cyclone likely to reach WB-Bangladesh coasts by Oct 25, skirt Odisha: IMD
IMD Director General Mrutunjay Mohapatra said the IMD has not so far made any forecast on the possible landfall, intensity and wind speed of the cyclone. The system will pass through Odisha coast at a distance and there was no possibility of making landfall in the...
Blunck to succeed Jeworrek as chair of Munich Re’s Reinsurance Committee
Thomas Blunck Munich Re has also appointed Clarisse Kopff (49), with effect from 1 December 2022, and Mari-Lizette Malherbe (38), with effect from 1 January 2023, as new members of the Board of Management Munich: The Supervisory Board of Munich Re on Thursday has...
Unseasonal rain, crop losses could keep India’s food inflation high
The crop losses for farmers across the country mean that food prices, already at their highest in over two years, could stay elevated, instead of tapering after the harvest as they usually do India's millions of rural poor will be particularly affected, hit by both...
BMW chief warns against setting gas-powered phase-out date
Oliver Zipse, chairman,BMW "We don't want cars to be taken away out of the base segment, politically that's super dangerous," Zipse said. "If you all of a sudden make car ownership only for rich people, it's a dangerous thing." US President Joe Biden has called for...
Covid-19 still public health emergency of international level: WHO
The committee recommended that there should be three key priorities in the future: strengthening surveillance and achieving vaccination targets for at risk-groups; continuing to increase access to affordable therapeutics; and strengthening pandemic preparedness...
RCap Administrator seeks to reconstruct Reliance Capital into 4 core investment companies
The sole objective of reconstructing RCap CIC into four CICs is to help select bidders of RCap's insurance businesses circumvent the IRDAI guidelines related to the five-year lock-in period Mumbai: In a surprise move, the Reliance Capital (NS:RLCP) (RCap)...