Swiss Re's Group Chief Executive Officer Andreas Berger said:...
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Hong Kong’s Peak Re receives license to open office in GIFT-IFSC
Peak Re, the fourth reinsurer to get a license, has a total global...
NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release...
Irish lessors terminated all Russian airline leases: ALI
Brussels gave lessors until Monday to wind up current rental contracts in Russia under tough sanctions imposed after Moscow’s invasion of Ukraine, leaving them facing heavy potential writedowns or a long insurance battle All Irish lessors terminated their Russian...
China examines black boxes of crashed jet, looking for more plane debris
“Large-scale air crash investigations that only rely on data provided by the black boxes are often insufficient to tell the full truth of the incident,” Zhu Tao, head of the aviation safety office at Civil Aviation Administration of China, told a press conference...
World largest trade credit insurance Euler Hermes rebrands itself as Allianz Trade
``Changing our brand name to Allianz Trade means reinforcing our position as a global player. With the new brand name, we will benefit even more from the reputation and strength of the Allianz Group, which has an extensive global network of expertise,'' said the...
Hard landing: Lessors lose hope of getting Russian planes back
“I’m afraid that we are going to witness the largest sort of theft of aircraft in the history of commercial civil aviation,” said Volodymyr Bilotkach, an associate professor of air transport management at Singapore Institute of Technology. Although the planes are...
Tatas mandate New India, ICICI General and Tata Aig for Air India’s $10 billion renewal cover from Apr 1
Air India's insurance renewal may not be a very comfortable affair for the Tatas from the premium point of view as London market sources point out, the aviation insurance market of late has seen significant hardening up impacted by Russian-Ukraine war and crash of a...
Insurers can sell short-term Carona policies till Sept,2022:IRDAI
Hyderabad: The insurance regulator IRDAI has once again extended the time frame to sell short-term exclusive Carona policies by the insurers to September, 2022. The IRDA, which had asked insurers to offer standard corona specific health cover polices from July 2020,...
Delhi HC adjourns `Singh-BBB’ case to May 02
The case has wider ramifications for all the top level appointments in the PSU insurance sector made by the BBB, whose power to select directors of the PSU general insurers has already been disapproved by the Delhi High Court New Delhi: The Delhi High Court on Monday...
China mounting cyber-attacks to fulfill its political objectives, says think tank
Crowd strike, which provides cyber security for half the world's 20 biggest multinationals revealed that China is motivated primarily by a desire for commercial secrets and pursuit of its political objectives. Analysis of thousands of cyberattacks indicates that more...
Zurich Insurance removes Z symbol after letter used to show support for Ukraine war
"We are temporarily removing the use of the letter 'Z' from social channels where it appears in isolation and could be misinterpreted," the company told Reuters in a statement ZURICH: Zurich Insurance has removed its Z logo from social media after the letter became a...
Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital
Anil Ambani According to the sources, a majority of the bidders, who have submitted EOIs, have bid for the entire company, while the others have bid for one or more subsidiaries of RCL Reliance Capital's subsidiaries include Reliance General Insurance, Reliance Nippon...