Us based Lockton, which has set up its operations in India...
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Swiss Re’s Thorsten Steinmann to succeed Michael Pickel at Hannover Re
Thorsten Steinmann joins from Swiss Re, where he was most recently...
Star Health Insurance sets up operations in GIFT City
Anand Roy, MD & CEO of Star Health Insurance said, “This is a...
Govt forms VK Paul panel to review Ayushman Bharat scheme
The National Health Authority(NHA), implementing agency of the scheme, in its letter issued on Mar,8 has, outlined 10 broad areas on which the panel has to formulate suggestions within the next 45 days New Delhi: Even as the government is now planning further...
Cyber Attack/Data Breach is top business risk for India Inc, Aon Survey
Jon Pipe, CEO and principal officer of Aon India Insurance Brokers Notably, only three of the top five current risks in India are insurable, and less than half of the overall top ten are uninsurable at present MUMBAI: The 2023 edition of Aon’s biennial survey found...
Lloyd’s to collaborate with Bermuda Monetary Authority to foster innovation and education access
The Lloyd’s Lab programme provides a 10 week fast tracked incubator to enable an environment where great ideas can develop into practical outcomes, with the support of industry experts. The programme sees experienced individuals and teams bring forward creative and...
Nord Stream sues insurers in London over 2022 pipeline blasts
Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High Court last month LONDON: Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in...
Northern winter storms in India now more frequent in summer, raise risk of heavy flooding: study
"The loss of winter snow and the increasing late-season storms that heighten flood risks is a one-two suckerpunch that underscores the urgent need to respond to the far-reaching impacts of climate change in this sensitive region," Kieran Hunt and a co-author of the...
Reliance’s fuel supply to Europe avoids Red Sea -sources
Reliance, in its chartering contracts, is offering tanker owners a flexibility to go via the Red Sea, a shipping route vital to east-west trade, or the Cape of Good Hope for safe transportation of the fuels to the buyer, shipping sources said Mumbai: Most of the...
At least 50 hurt as LATAM’s Boeing 787 to Auckland ‘just dropped’ mid-flight
The cause of the apparent sudden change in trajectory of LATAM 800 could not be ascertained immediately. Safety experts say most airplane accidents are caused by a cocktail of factors that need to be thoroughly investigated At least 50 people were hurt when a Boeing...
Munich Re HealthTech appoints Bilal Ramadan as CEO
Bilal Ramadan, CEO, Munich Re HealthTech In this role, Ramadan will be responsible for driving the strategy of Munich Re HealthTech (MRHT) to strengthen its position as a leading software technology provider in the health insurance industry. He will oversee the...
Generative AI is reshaping the cyber threat landscape: Lloyd’s report
The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to...
SCOR overhauls its regional and business structure
The structures within Property & Casualty (P&C) and Life & Health (L&H) are being simplified to achieve more immediate client access and decision-making Paris: French major SCOR is restructuring its business processes to become a simpler and...