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Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments
The appointments reflect Canopius' ambition to continue building...
HC can enhance compensation even without claimant appeal: Lucknow bench
The court made the observation while dismissing an appeal filed by...
Ukraine may provide additional insurance cover for ships to revive seaborne food exports
“The main challenge remains ensuring the safety of maritime transport and the stability of export corridors. The introduction of ship-insurance mechanisms was discussed,” the UCAB lobby group said in a report issued after a meeting with Ukraine’s president and prime...
Aon launches CyQu marketplace for better cyber risk management
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk...
Florida Hurricane could trigger $300bn insured losses: Swiss Re
Balz Grollimund, Head Catastrophe Perils at Swiss Re, said: "The Atlantic hurricane season has been relatively quiet so far this year, but it only takes one major storm making landfall in a highly exposed area to turn a quiet season into a costly one. One hundred...
AI Data centers are on track to fuel ‘Explosive’ growth in Captive Insurance
AM Best, an insurance-focused credit rating firm, says the roughly 150 US captives it rates generated more than $8 billion in savings over the past five years. The ability to turn insurance from “a pure cost center into a potential profit center” is the corporate...
August domestic passenger vehicle dispatches rise 36.5 pc YoY to 4,39,309 units: SIAM
Total two-wheeler sales increased 10.5 per cent to 20,34,698 units last month, as against 18,41,954 units in August last year, it added. New Delhi:Domestic passenger vehicle dispatches from companies to dealers rose 36.5 per cent year-on-year to 4,39,309 units in...
Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilution
Sanjay Joshi,CMD Oriental Insurance Company "We are targeting to make some profit this year...the proceeds from the NSE IPO would be booked as profit. It will improve the company's financials. Besides, it is going to provide liquidity," Oriental Insurance Company...
BRICS moves to build reinsurance allince, places climate and disaster resilience high on agenda
Hitesh Joshi,CMD, GIC Re Russian President Putin proposed a new insurance mechanism and a collaborative grain market initiative for BRICS nations. Iranian President Masoud Pezeshkian, called for the creation of a BRICS reinsurance company with initial capital of $10...
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
The complainant firm is a wholly owned subsidiary of Switzerland-based Victorinox AG. It deals with export, import and distribution of travel bags, knives, luxury watches, cutlery and other consumer products manufactured by its parent company in India. The firm had...
Iran, Oman agree on new entry, exit routes for Strait of Hormuz: Report
The development comes amid heightened tensions in West Asia, with the strategic waterway remaining a key focus of regional and international attention.The Iranian and Omani sides reached an understanding on the new routes following consultations, with details set to...
National Lok Adalat gives compensation of Rs 2.4 cr to kin of banker killed in Navi Mumbai accident
Banker Khurshid Ahmad was 49 at the time of incident and had an annual income of Rs 25 lakh. THANE:The National Lok Adalat held in Belapur in Navi Mumbai on Saturday resolved a motor accident claim by awarding compensation of Rs 2.40 crore to the family of a deceased...