McGill said it had collaborated with local Ukrainian insurer ARX to...
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Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and...
Omicron may spoil companies’ plans to return to office
Dr. Neal Mills, chief medical officer for benefits consulting firm Aon Plc, said his team has been meeting with clients all week about possible new options. "They are recognizing that they are going to need to revisit many of the decisions they've made. If this...
income, investments, insurance and institutional credit to drive financial inclusion:PM Modi
Prime Minister Narendra Modi “When income grows, investment becomes possible. Insurance coverage enables greater risk-taking ability and investments. Institutional credit gives wings for expansion. And We have worked on each of these pillars. When all these factors...
55 pc of total COVID-19 cases reported in India are from Kerala, Maharashtra: Union Health Ministry
"Districts reporting high cases of positivity are still a matter of concern for us, we are continuously in talks with those states," the Joint Secretary said. "Among the 18 'districts of concerns' in the country, 9 are from Kerala and one each is from Arunachal...
Jet Airways in talks with Boeing, Airbus for $12-bn order: Report
The news on Jet comes a month after billionaire investor Rakesh Jhunjhunwala-backed low cost Indian carrier Akasa Air placed a $9 billion order for 72 Boeing 737 MAX jets Mumbai: India's Jet Airways is in talks with planemakers Boeing Co and Airbus SE for an order...
China updates risk management rules for insurance groups
The move is aimed at curbing risk in the sector and pushing insurance groups "to focus on the core business, strengthen their equity investment management … and to curb disorderly expansion of capital," the China Banking and Insurance Regulatory Commission (CBIRC)...
Startups drive to electrify fossil-fuel cars
At the lower end, startups like France's Transition-One have developed no-frills kits designed to electrify mass-market models like the Fiat 500 and Renault Clio in a few hours for about 8,000 euros. They are betting they can provide drivers with a cheaper and greener...
Govt prepares for evacuation as cyclone is likely to reach Odisha coast on Dec 4
South Odisha districts may also experience heavy rainfall on December 3," India Meteorological Department director general Mrutunjay Mohapatra said. The forecast said that the low pressure area in south Andaman Sea will intensify into a depression and move towards the...
Howden acquires Hong Kong based Expat Marine
Julian Franzman, Regional Head of Howden Marine Specialty, noted: “This acquisition will strengthen our overall offering for our marine clients in Hong Kong, and reiterates Howden’s ongoing strategy of empowering local teams to partner with culturally-aligned...
PSU gen insurers comply with Delhi HC order, withdraw directors selected by BBB
In another case which may look into selections of CMDs of PSU general insurers by the BBB, after being denied posting as CMD of Chennai based United India Insurance, Inderjeet Singh, general manger, New India Assurance, had challenged the government decision on the...
Gallagher Completes Acquisition of WTW’s treaty reinsurance operations
Together with Gallagher’s existing reinsurance operations, the combined businesses will trade as Gallagher Re from more than 70 offices across 31 countries and incorporate 2400 colleagues ROLLING MEADOWS: Arthur J. Gallagher & Co, the third largest international...