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Liberty Mutual increases stake in Liberty General Insurance to 74% in India
Matthew Jackson, president, Liberty International Insurance APAC,...
Aon expands Aon Claims Copilot globally, Strengthens Data and Analytics capabilities across commercial risk
Joe Peiser, CEO of Risk Capital at Aon "Aon Claims Copilot...
Nexus acquires medical tourism specialist Sure Insurance Services
The business will become part of Millstream Underwriting, which has been owned by Nexus since 2015 London: Nexus Underwriting (Nexus), announced today that it has acquired Sure Insurance Services (Sure), a leading provider of specialist solutions for the medical...
Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant opportunities and increasing complexities companies face within the Natural Resources and Construction industries in Asia Singapore: Willis, a WTW business, today announced new appointments to its...
Russian-bound tanker hit by drone in Black Sea, maritime sources Say
In late November, shipping insurance rates rose after Ukrainian naval drones hit two Russia-bound tankers in the Black Sea, incidents that prompted Moscow to threaten retaliation and Ankara to urge calm. Another vessel, Russian-flagged, said in early December that it...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...
India to deepen engagement with Singapore-based ship safety agency
Overall, ReCAAP engagement with the law enforcement agencies has been good and a successful arrangement is in place for ships to sail through Asian waters safely, though the weakest point is still the Straits of Malacca and Singapore (SOMS), where sea robberies have...
ICICI Lombard’s official accidently posts financial results of Dec quarter in WhatsApp
"Though this information is in draft form and subject to changes during the ongoing audit, as a precautionary measure and in compliance with good corporate governance practices, the Company is reporting this incident to the Stock Exchanges," the statement said Mumbai:...
Jeju Air crash victims could have all survived without concrete barrier, lawmaker says
The Boeing 737-800 coming from Bangkok belly-landed and overran the runway at Muan International Airport, killing almost everyone on board after it struck a concrete support for a localiser antenna. The only survivors were two flight attendants at the far rear of the...
India data centre capacity more than doubled to 387 MW in 2025, projected to triple by 2030: Report
Market demand also saw a steady rise, with data centre absorption growing 5 per cent annually to 427 MW IT in 2025 from 407 MW IT the previous year. Total operational stock reached 1.5 GW IT by the end of 2025, with 33 per cent of that capacity dedicated to...
Geopolitical Risks: Venezuela and the shifting map of insurance risks in the Caribbean
While Venezuela has long been a marginal market for most international insurers, the current situation matters because it could disrupt regional transport corridors and trade routes covered by global insurers Recent geopolitical developments in Venezuela have brought...
Govt may approve PSU gen insurers’ wage revision proposals by Feb 15
Parshant Kumar Goyal, joint secretary, DFS In a meeting of all stakeholders, including chief labour commissioner(CLC), today, Parshant Kumar Goyal, joint secretary, DFS assured that the Feb 15 deadline will be the maximum timeline and the department try to get the...