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MS Amlin launches new reinsurance partnership with Mitsui Sumitomo Insurance in Middle East
Under the terms of the partnership, MSI’s UAE branch will focus on...
IRDAI’s Reinsurance Advisory Committe reconstituted with A.V. Girija Kumar as chairman
The other members of the committee are- T. L. Alamelu,former,...
100% FDI:Lok Sabha passes Insurance Amendment Bill in one day
Finance minister Sitharaman, while speaking in the Lok Sabha, said, “IRDAI being empowered to disgorge wrongful gains made by insurers and distribute them to affected insurance policyholders.We are asking regulators to rationalise the penalty.” The government is yet...
Fifth La Niña in 6 yrs to disrupt crops and supply chains
The La Niña phenomenon is often linked with droughts in California, Argentina and Brazil, and the destructive flooding that recently swept Southeast Asia. These types of catastrophes have become a larger factor in setting terms for insurers, farmers and energy...
Warren Buffett’s successor Greg Abel had steady rise at Berkshire
Greg Abel, CEO designate,Berkshire Hathaway Ajit Jain, 74, also a vice chairman, still oversees Berkshire’s insurance businesses. Investors had long viewed him as a CEO candidate, though Buffett has said Jain did not want the job The elevation of Greg Abel to replace...
Govt officials hold road shows in London and Singapore for GIC Re disinvestment
The government is also actively planning to disinvest in Life Insurance Corporation (LIC) shortly New Delhi/Mumbai: The Indian government held road shows in London and Singapore to assess investor interest for a minority stake sale in state-run GIC Re. Top officials...
New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India(SHANTI) Bill, 2025, drops a rule that let operators sue suppliers for equipment defects, a provision foreign suppliers have long opposed. Foreign suppliers include...
Cabinet nod for Bill seeking to open up civil nuclear sector for private participation
To facilitate the implementation of the Nuclear Energy Mission, amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act will be taken up by the parliament for shielding plant operators and cap equipment suppliers' liability, along with...
AM Best revises New India’s outlooks to positive
The Credit Ratings reflect New India’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management (ERM) Singapore: In a major boost for New India...
Beijing Court orders Malaysia Airlines to pay $410,000 compensation to families of MH370 victims
The court ordered the airline to pay each family compensation for the death of their loved one, funeral expenses, and damages stemming from emotional distress, it said in a statement.Although it is not known what happened to the passengers, they have been declared...
Employee medical plan costs in India expected to rise by 11.5 per cent in 2026
The report showS cardiovascular diseases, gastrointestinal conditions, and cancer will continue to be the top drivers of medical costs, with hypertension, high cholesterol, and poor nutrition as leading risk factors. “India’s healthcare landscape is evolving, with...
Climate change supercharge devastating South Asian floods
A trio of tropical cyclones battered the region from Sri Lanka to Indonesia in November, causing at least $20 billion of losses. The storms resulted in torrential rainfall and destructive floodwaters that swept through homes, businesses and tourist spots, damaged...