GIC Re has also branch offices in London and Kuala Lumpur. In April...
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GIC Re:Gross premium grows 14% to Rs 9,967cr, net profit rises 7% to Rs 1621cr in Q3FY25
N Ramaswamy, CMD, GIC Re One of the outstanding features of GIC...
Miller to acquire AHJ Holdings
In addition to providing immediate scale and capability in treaty...
Insurtech funding in India jumps to $ 800 million in 2021 from $290 million in 2020 :BCG Report
There has been a steady rise in no of insurtech unicorns with over 20 Unicorns in 2021, 14 in United States, 4 in UK, 2 each in India (Acko & Digit Insurance ) & France , 1 each in Austria, Israel & Mexico Jitesh Shah, MD & Partner BCG Asia Pacific...
US Cyber insurance sees rapid premium growth, declining loss ratios: Fitch
A sharp increase in 2020 cyber loss ratios promoted substantially higher prices and rapid premium growth in 2021 that exceeded incurred losses, leading to surprising improvement in the cyber direct loss ratios versus the previous year Fitch estimates that standalone...
RCL may share RFRP with bidder by Wed; all cash bids to get highest score
RCL has 8 businesses that are on the block. This includes general insurance, life insurance, health insurance, securities business, and asset reconstruction among others Some of the prominent bidders of RCL are ICICI Lombard, Tata AIG, HDFC Ergo, Nippon Life...
Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover
`AI’s reduced cover excluding war cover for Russia and Ukraine region has been successfully placed in the London market with a manageable premium just before Apr 1, the renewal date for the cover,’’ confirmed London market sources AIG continues to be the...
PM Modi to chair COVID review meeting with CMs on April 27
Prime Minister Narendra Modi As per data available with the Ministry of Health and Family Welfare, today India's Cumulative COVID-19 vaccination coverage exceeds 187.67 crores, with over 2.65 crore first doses of COVID vaccines administered for the age group 12-14...
Covishield found ineffective against Omicron, booster a must: Study
The Indian Council of Medical Research-National Institute of Virology scientists concluded the report saying that the fight against Covid-19 is far from over. Although vaccine boosters or third doses have shown an augmentation in the immune response against the...
Luxury carmakers see accelerated demand for premium-end models in India
''In the last couple of months, I would say the trend started from last year, the demand on the C and D segment, which is cars above Rs 70-75 lakh, the growth in that segment is even more than the volume-segment growth for us,'' Audi India Head Balbir Singh Dhillon...
Largest public pension fund CalPERS wants Buffet’s replacement as Chairman of Berkshire Hathaway
Warren Buffett, chairman, Berkshire Hathaway Inc. CalPERS said it invests more than $450 billion, including more than $2.3 billion in Berkshire shares. Berkshire plans for Buffett’s son Howard Buffett to become non-executive chairman after his father’s departure,...
SBI General’s records a gross premium of Rs 9260 crore in FY2021-22, to post underwriting losses
PC Kandpal, MD & CEO, SBI General Insurance, said, “Despite the challenging environment continued with pandemic, we have registered significant growth in GWP especially in the health insurance segment. The strong performance underpins our health insurance...
ICICI General Q4 profit falls 10% to Rs 313 cr due to Covid claims and higher expenses
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The insurer has combined ratio, one of the key measures of profitability for general insurers, of 103.20 per cent in q4 FY 2021-22,as against 101.80 per cent in year-ago period The insurer's underwriting...