Charalampos Mylonas, chief executive officer, ADNIC, said,...
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Trump extends Iran ceasefire indefinitely,Hormuz blockade to continue
US President Donald Trump Trump posted on social media that he...
Iran yet to decide on whether to attend talks as ceasefire deadline ticks down
President Donald Trump said he hoped to reach a "great deal" to end...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property catastrophe covers, reinsurers remain disciplined with terms and conditions and attachment points largely intact London: International rating agency AM Best has revised its outlook for the global reinsurance...
IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC
(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI, Hasmukh Adhia,chairman, GIFT-City,K Rajaraman, chairman, International Financial Services Centres Authority(IFSCA),M Nagaraju, Secretary, Department of Financial Services and Mahipal Reddy, executive...
Moody’s expects India’s 7.3% economic growth in FY26 to push premium surge
Moody's said India's robust economic growth contributed to a 17 per cent increase in total insurance premium revenue to Rs 10.9 lakh crore in the first eight months (April-November) of 2025-26, with health premiums up 14 per cent and life new business premiums...
Zurich Insurance offers $10 billion to buy UK insurer Beazley
Switzerland's Zurich said the offer it had gone public with on Monday was an improved bid, after Beazley's management rejected on Friday its initial offer, made on January 4. LONDON: Zurich Insurance Group announced a 7.67 billion pound ($10.3 billion) all-cash offer...
Factory Mutual opens its Mumbai office
Lto R- Srini Krishnamurthy, senior Vice President, FM operations India, Malcom C. Roberts, Chairman & CEO at the Mumbai Office Opening “Our growing operations in India reflect both a global and local commitment. By combining world-class expertise with...
India’s insurance market to grow at higher than major emerging and advanced countries in next 4 yrs, says Swiss Re
“India is a true bright spot for insurance growth in the mid-term as opportunities emerge, especially in health and motor insurance. We are set to benefit from forward-looking regulatory reform, digital innovation and a disciplined but attractive product mix for...
Saudi Re launches operations in GIFT-City
```We have a national expansion strategy, and that's where we identify India to be a key growth engine for us.Indian market could be also be a hub to serve the region,’’ said Ahmed Al-Jabr, Chief Executive Officer, Saudi Re while addressing the industry players...
Shefali Sehwani succeeds Shankar Gargipathy as Lloyd’s India CEO
Shefali Sehwani, country manager & CEO, Lloyd's India Currently, Lloyd's has one of its Syndicates, Markel , operating in India.Lloyd's also is diversifying its India exposure by venturing into the GIFT-IFSC, India's sole Internationbal Financial Services Centre...
Delhi tribunal awards over Rs. 1.62 crore to 21-year-old man injured in road accident
The tribunal awarded him a compensation of over Rs. 1.62 crore under various heads, including Rs. 59.36 lakh for loss of future earnings.Since the vehicle was insured at the time of the accident, the tribunal directed the insurer, The New India Co. Ltd., to deposit...