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Anna Ziswiler appointed as Swiss Re’s Head P&C Reinsurance Southeast Asia,India,Hong Kong,Taiwan and Korea
Anna Ziswiler, Head P&C Reinsurance-designate, Southeast...
Fire doused at HPCL Rajasthan Refinery, Re/insured by Oriental Insurance and Swiss Re
The refinery-cum-petrochemical complex, which was scheduled to...
CyberCube raises over $180 million from investor Spectrum Equity
Pascal Millaire, CyberCube CEO, said: “Cyber has the potential to become one of the largest lines of Property and Casualty insurance, as internet-connected technologies and artificial intelligence transform all corners of the global economy. With the additional...
Wage revision of PSU Gen Insurance Cos: Govt approves 30% family pension scheme,14% employer’s NPS contribution along with 14% wage hike
Girija Subramanian, CMD, New India Assurance and chairperson of GIPSA GIPSA chairperson Girija Subramanian, in a meeting with unions, has confirmed that the Department of Financial Services (DFS) has moved ahead with the notification with 14 per cent wage hike GIPSA...
Vietnam estimates property damage from Typhoon Bualoi at $303 mln
Bualoi made landfall on Monday in northern central Vietnam, bringing huge sea swells, strong winds and heavy rains that have killed at least 29 people and left 22 others missing, according to the disaster management agency report. HANOI: Vietnam's government said...
Death toll rises to 69 after a 6.9 magnitude earthquake strikes central Philippines
The Southeast Asian archipelago is one of the most seismically vulnerable countries on the planet, often experiencing more than 1,000 quakes a year A magnitude 6.9 earthquake struck in waters near the island of Cebu in the central Philippines late on Tuesday, the...
Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new reality: volatility and uncertainty are now constants for organizations. From evolving tariffs to shifting alliances, these forces directly impact organizations' balance sheets. Building resilience...
Markel bolsters International War and Terrorism team with new operations manager
Markel Insurance, today announced the appointment of Clarice Francis as operations manager for War and Terrorism, effective immediately. Based at Markel’s London office, Francis will focus on enhancing operational efficiency within the International War and Terrorism...
NIA receives GST notice
The New India Assurance Company Limited on Tuesday said that it has received a Goods and Services Tax (GST) demand notice of Rs 2,379 crore. The order was issued by the Additional Commissioner of Central GST, Palghar Commissionerate, the company informed in a stock...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident which left him paraplegic and fighting for breath, which also prompted the parents to relocate to another part of the country. We are of the opinion that even if he had not obtained the certificate as a...
Tribunal awards Rs 16.7 lakh compensation to couple injured in road accident
The tribunal, however, stated, "The claimant is a government servant. He continues to be in employment. His service conditions are not in any way altered due to accidental injuries. There is no drop in his salary and other emoluments. Hence, the disability cannot be...