The post will fall vacant as Girija Subramanian, CMD, NIA, will be...
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West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives
The Department of Financial Services(DFS) last week has written to...
Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60...
Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore
The cumulative monetary loss is pegged at ₹4,46,574.93 Lakh (₹4,46,5 crore), the bulk of which comes from damage to roads, power, water supply, agriculture, horticulture, education, fisheries, and rural development infrastructure - ₹2,71,879 Lakh in damage to roads...
New IRDAI chief Seth to meet insurance CEOs on Sept 17
Ajay Seth, chairman, IRDAI Though, basically it will be a welcome meeting for the insurers, Seth will use the forum to discuss a few things including the action plan by the insurers to implement the new goods and services tax (GST) plans announced by the government on...
Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services
“Unless Star Health Insurance takes definitive steps to address the concerns expressed by member hospitals in a timely manner, AHPI and its member hospitals may be constrained to take appropriate action, including withdrawal of cashless services for the policyholders...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the Philippines are attracting insurer capacity, especially for projects backed by international funding and reputable contractors. SINGAPORE: After years of navigating tough market conditions, power companies are...
Adani stops accepting sanctioned vessels at its ports, sources say
"To safeguard the legal and commercial interests of the Port, we hereby emphasize that sanctioned vessels are not accepted," Adani said in the orders seen by Reuters. NEW DELHI: India's Adani group has stopped accepting vessels that are sanctioned by the European...
Insurance Surety Bonds for NHAI contracts crosses Rs 10,000 cr landmark
Girija Subramanian, CMD, New India Assurance Till July 2025, 12 insurance companies have issued around 1,600 ISBs as ‘Bid Security’ and 207 ISBs as ‘Performance Security’ valued at around Rs 10,369 crores for NHAI contracts While the Indian general insurance industry...
US PE giant Blackstone buys majority stake in Ace Insurance Brokers
Ace Insurance Broker known for arranging major covers for Adani Group Market sources say Blackstone has acquired 70 per cent of Ace , set up by Raj Vinay Ajmera and Anil Arora, for over Rs 1700 crores Though, Blackstone has majority stakes with a five year lock in...
JBA Risk Management launches new India Crop Model
The new model, which includes more enhanced market data, crops, seasons and districts, provides invaluable insight for the risk management and insurance pricing of India’s two primary crop insurance schemes, the yield and parametric based Pradhan Mantri Fasal Bima...
WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will...
GST overhaul a people’s reform, touches every family: Sitharaman
Nirmala Sitharaman,Finance Minister Within days of the decision, from car makers to public sector insurance companies and shoe and apparel brands have already announced significant price cuts and the rest are likely to follow suit by the time new GST rates are...