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IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
AM Best affirms credit ratings of ICICI Lombard General Insurance
Despite its lack of underwriting profitability, ICICI Lombard has...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...
IRDA chairman Panda to meet insurers on Apr 6-7 in Mumbai to unveil his agenda for industry
Debasish Panda, Chairman, IRDAI ``Yes, we have got intimations to have interaction with the new IRDAI chairman. We are happy that Panda is meeting us face to face. We are getting ready with our agenda to be put before him. Since, he has already dealt with the industry...
Cong’s 40 lakh members in T’gana to be given insurance cover by New India Assurance
The Congress party, under the leadership of Rahul Gandhi, sets in motion a first-of-its-kind insurance programme for party workers. 40 lakh members of Telangana Congress to be insured! Premium amount paid through cheque to New India Assurance. Because, we, are a...
New norms being introduced to ensure safety of vehicle users: Gadkari
''Every year, we face five lakh accidents and 1.5 lakh deaths. For that reason, we are now taking a number of measures. Six airbags are now mandatory. We have taken a decision to make it mandatory for the economy models also,'' Union Transport Minister Nitin Gadkari...
Chubb buys DUAL’s Asian Financial and Cyber business
Chubb will be purchasing the business assets including intellectual property in the form of wordings and underwriting models from DUAL in both Hong Kong and Singapore Over the last 13 years DUAL Asia has grown organically, in partnership with MSIG, into a Financial...
Global leasing companies had until Monday to sever ties with Russian carriers under Western sanctions imposed over Moscow’s invasion of Ukraine, but executives say only a fraction of the more than 400 jets directly involved have been returned Russia’s airline...
“India Has One Of The Lowest Covid Deaths (374) Per Million”: Centre
According to the data available with World Health Organisation (WHO), India has one of the lowest deaths per million (374 deaths per million population) which is much lower compared to similarly affected countries like the United States of America (2,920 deaths per...
Apr 1 renewals: Hannover Re rules out any price hike for Indian market
The renewals in India in P&C(Property & Casualty) should be relatively stable both on the proportional and on the non-proportional side. 2021 has been a benign year for us from catastrophic losses point of view in India. said Sven Althoff, member, (P&C),...
Russian tankers going dark raises flags on sanctions evasion
As more countries and businesses shun commerce with Russia, the country’s fleet will be under pressure to conduct dark activity and even engage in illicit shipping to stay afloat, said Ian Ralby, chief executive of I.R. Consilium, a maritime law and security...