The full bench was hearing an appeal filed by the New India...
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SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses
“Our parametric insurance model ensures that financial assistance...
Except West Bengal, all states and UTs have been onboarded for Ayushman Bharat scheme: Nadda
More than 8.9 crore hospital admissions worth Rs 1.26 lakh were...
Rating Action: Moody’s places Peak Re’s ratings on review for downgrade
The review for downgrade on Peak Re's A3 IFSR follows Moody's rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re's majority shareholder, Fosun International Limited (Fosun, Ba3 review for downgrade). The rating...
Beazley launches a D&O solution for crypto companies
Luisa Celentano, Underwriter, D&O Specialty Risks said: “The crypto market is growing rapidly, and becoming increasingly mainstream. Crypto firms face a myriad of risks from extreme volatility to a lack of regulation, and they also have to contend with different...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman
Bruce Carnegie-Brown, chairman, Lloyd's ``It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on the...
Ukraine grain shippers take alternative export routes via Baltic Sea
The country has been hunting for alternative paths for its crops as the war with Russia cuts off vital shipments from ports dotting the Black Sea, stoking global food prices and raising worries over hunger. Producers have resorted to sales by land instead, ferrying...
Elon Musk sued by Tesla investor over ‘toxic’ work culture
“This toxic work environment has gestated internally for years, and only recently has the truth about Tesla’s culture emerged, leading to legal action from government regulators and private parties alike,” Chau said in the complaint. “Tesla’s toxic workplace culture...
E&Y bags Rs10 cr GIPSA award for overhauling 4 PSU general insurers in 10 months
E&Y has beaten three other international consultants, Boston Consulting Group,(BCG), KPMG and AT Kearney to bag this prestigious project As per the new RPF, all the four companies are calling for only one consultant to lay down uniform process in terms of human...
IDF announces a trio of key efforts launched during the IDF Summit 2022
Michel M. Liès, Chairman of Zurich Insurance Group and Chair of the IDF Steering Committee, said, “The actions highlighted at this event are testament to the power that collective action can have in the effort to build resilience to the impacts of climate change and...
Global M&A: With optimism headwinds persist in wake of COVID-19 Pandemic, Aon study
Average enterprise values on deals with insurance increased worldwide: in Asia, the average deal had an enterprise value of $516 million, up 157% on 2020; LONDON: Aon plc has released the latest edition of their global M&A Risk in Review Opens in a new tabreport....
Kotak General Insurance partners with PhonePe to offer motor insurance
Kotak Mahindra General Insurance (Kotak General Insurance) has partnered with PhonePe Insurance Broking Services Pvt. Ltd (PhonePe), India’s leading digital payments platform to offer motor insurance to 380 million customers on the PhonePe platform. Suresh Agarwal,...
WTW appoints Nicki Tilney as Head of Construction, Power & Renewables, Asia and George Nassaouati as Head of Energy Asia
The alignment of the Construction and Natural Resources Global Line of Business within WTW Asia enables the company to bring a more effective and integrated offering to our clients. WTW's specialist partners will deliver bespoke and innovative risk solutions through...