DGCA found 51 safety lapses at Air India in its July audit,...
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Markel Insurance to sell reinsurance renewal rights to Nationwide
The sale is part of Markel's broader strategy to simplify...
PB Fintech’s net profit increases 42% Rs to 85 crore, revenue up 33 % to Rs 1,348 cr in Q1 FY26
The company's insurance premium grew 36%, led by a 65% rise in new...
EU agrees $60 Russian oil price cap
The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap...
Swiss seek mandatory reporting of cyberattacks on key infrastructure
It asked parliament to approve legislation that creates the legal basis for reporting obligations and spells out the tasks of the National Cybersecurity Centre (NCSC) as the central watchdog for cyberattacks Zurich: The Swiss government proposed on Friday making it...
2022 hurricane season: Fewer storms than anticipated, but still extremely damaging, says Munich Re
According to preliminary estimates, overall losses from all storms amounted to around US$ 110bn, with insured losses in the magnitude of US$ 65bn (excluding the National Flood Insurance Program NFIP1) `2022 continues the trend of increasing losses from US hurricanes...
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,...