The insurer's combined Ratio for Q3 2025 is 108.1%, as compared to...
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Employee medical plan costs: Aon forecasts 11.1% increase for businesses in Asia Pacific
"The high medical trend rate can also be attributed to a higher...
India expands Russian insurers’ pool after US sanctions
As well as extending approvals for some sanctioned providers,...
Indian airlines operators expected to add 120 new aircraft/year: Scindia
''India is looking at tremendous expansion. Expansion in the area of airlines, expansion in the area of airports. And therefore, fleet augmentation is also important. A country that had a fleet of only 400 aircraft in the year 2013-14 has grown to a fleet of 710...
SCOR appoints Mukul Kishore as APAC chief
Mukul Kishore, CEO, SCOR Global P&C, APAC This is the first time an Indian has been appointed at such a senior level position of the fourth largest global reinsurer In its India operations, Parag Gupta, chief underwriting officer(CUO) has been made...
Saudi Aramco storage petroleum facility hit by Houthi attack, causing fire
The Iran-aligned Houthis, who are battling the coalition led by Saudi Arabia, have intensified attacks on energy facilities in the kingdom, the world's largest oil exporter. This week, Riyadh said it would not bear responsibility for any global oil supply disruptions...
Prominent insurance brokers probed by for Bribery and Corruption by UK Serious Fraud Office
The investigation is linked to a U.S. Department of Justice probe into corruption at Ecuador’s state-run insurance fund, Seguros Sucre The insurance firm, which is in the process of being liquidated, is emblematic of a culture of graft that has kept former President...
Vistara in talks with lessors to fill long-haul gap amid 787 delays
Vinod Kannan,chief executive,Vistara, said the market was too volatile to consider ordering new planes right now. But, in the longer run, Vistara could also consider buying Airbus A350s, he said. Vistara has about 50 aircraft, including two 787-9s received before the...
Oscars 2022: Allianz’s Entertainment division insures half of all productions in the “Best Picture” category
Based on industry estimates, the largest film insurance market is Hollywood with approximately $400-500 million of annual insurance premiums, followed by productions from the United Kingdom with approximately $60-70 million China is growing at $45 million, as are...
Delhi 3rd nationwide in per capita income after Sikkim, Goa: Eco Survey
According to the survey, Delhi's per capita income grew 16.81 per cent year-on-year to Rs 4,01,982 in fiscal 2021-22 The per capita income of Delhi was three times higher than the national average in 2021-22, it said New Delhi: Delhi ranked third in terms of per...
Aon appoints Dai Jia to as general manager of its China ops
Dai Jia Today, Aon-COFCO is the leading provider of risk management, insurance and reinsurance brokerage in China, with over 600 employees operating in Shanghai, Beijing, Guangzhou, Nanjing, Chengdu, Shenzhen, Hangzhou and Jinan SHANGHAI:Aon-COFCO, a joint venture...
Stranded Ships: 200 container ships grounded globally over past decade
The insurance industry has always supported the development of the shipping industry providing ship-owners are taking into account the risks that accompany any increase in size. Building ships for just economies of scale is not enough, says Allianz Nearly one year...
Sanjay Godhwani appointed to new executive leadership roles at Berkshire Hathaway Specialty Insurance
Sanjay Godhwani Sanjay will be responsible for all North America Region underwriting and underwriting support groups, customer & broker engagement, and BHSI’s Global Catastrophe Engineering & Analytics group BOSTON & NEW YORK: Berkshire Hathaway Specialty...