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ICICI Lombard Q3 net profit surges 68% to Rs 724 cr in Q3FY25
Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before...
Reliance General Insurance to provide cover to One Moto India’s e-two wheelers
Electric two-wheeler maker One Moto India on Thursday said it has partnered with Reliance General Insurance to provide motor insurance to its customers. The company, which has launched three electric scooters -- Byka, Electa, and Commuta, said the partnership will...
Japan manufacturers restart some of the northeast’s quake-hit plants
Renesas Electronics Corp, which makes nearly a third of the microcontroller chips used in cars globally, said a stop on two factories and a partial stop on a third remained in place Tokyo: Japanese manufacturers began restarting production at some of the plants that...
Swiss Re cuts fossil fuel cover for oil, gas to protect climate
In its annual sustainability report released Thursday, Swiss Re said it would no longer insure projects that get the go-ahead from their parent company from 2022, unless the company has an independently verified, science-based plan to reach net-zero emissions Now, the...
UK tables ‘world-first’ online safety law in Parliament
Nadine Dorries,UK Digital Secretary The Online Safety Bill has been dubbed a milestone in the fight for a new digital age, which will hand the country’s communications watchdog the power to fine or even ban offensive websites. It is also designed to protect children...
World far short of climate goals during ‘decade of action’ -report
The report also said big developing countries like India and China, which in 2018 accounted for 42% of all emissions, "will dominate the uncertainty” in climate progress with their emissions growing faster in coming years than emissions are reduced elsewhere...
Reinsurers return more capital on very strong 2021 results: Fitch
The strong increase in earnings in 2021 allows reinsurers to overcompensate for a rise in excess mortality losses linked to Covid-19, above-average natural catastrophe claims and a lower investment income Paris/Frankfurt: The four major European reinsurers – Hannover...
Market volatility is Ukraine war’s main risk for European insurers: Fitch
``We estimate that global reinsurers’ coverage of risks in Russia typically accounts for less than 2% of their gross written premiums (GWP). The exposure is mostly from specialty lines, such as energy, marine and aviation, typically written through Lloyd’s of London...
Magnitude 7.3 Earthquake hits Japan’s Fukushima area, triggers a tsunami advisory & disrupts power in Tokyo
Tokyo Electric Power Co. said more than 2 million buildings, including around 700,000 in Tokyo, lost power. No irregularities have been found at its Dai-ni nuclear power plant in Fukushima, while the Dai-ichi plant is still being checked, Chief Cabinet Secretary...
Bermuda suspends permits for Russian-operated planes over safety oversight concerns
Of the nearly 1,000 planes in the Russian fleet, 745 were registered in Bermuda, aviation consulting firm IBA said on March 1. Of those, 713 were leased and 32 owned Russia's government said on Thursday it had proposed allowing foreign planes leased by Russian...
Generali gets CCI’s nod for increasing stake in Future Generali to 74 pc
Italy’s biggest insurer agreed in January to buy a 25% stake in Future Generali India Insurance from its joint venture partner, debt-laden Future Group, for 145 million euros ($159.37 million), giving the Italian group 74% ownership of the venture New Delhi: The...