The business will become part of Millstream Underwriting, which has...
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Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant...
Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders
Globally, private credit has grown into a $1.7 trillion market....
Remal weakens into cyclonic storm, expected to move northeastwards: IMD
Scenes of widespread devastation were evident across West Bengal's coastal areas, with extensive damage to infrastructure and property, a day after Cyclone Remal tore through the coasts of Bangladesh and West Bengal with winds reaching speeds of 135 km per hour New...
20th SIRC: Swiss Re new group CEO Andreas Berger to address the event, to be held from 4 to 7 Nov
Promising thought-provoking discussions, SIRC 2024 will delve into the diverse trajectories required to reshape itself to be climate resilient while looking at the transformative possibilities of artificial intelligence (AI) automation and its pros and cons for the...
3 PSU general insurers need Rs 94-102 billion capital infusion to meet solvency of 1.5, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, further said : “With higher growth, the market share of private insurers in terms of GDPI is likely to rise to 69% for FY2025 and 71% for FY2026 from 68% for FY2024. The health segment,...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
10.46 lakh motor accident claims worth Rs 80,455 crore pending nationwide: RTI
In the wake of inordinate delays in adjudication of motor accident claims, Supreme Court advocate K C Jain said he has filed an interlocutory application in the Supreme Court under writ petition (civil), demanding that considering the delay in decision and payment of...
Allianz is lead insurer for the Singapore Airlines aircraft
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Allianz is the lead insurer for the Singapore Airlines...
Boeing faces ‘long road’ on safety issues, US FAA says
Boeing has faced mounting questions after a door panel detached during a Jan. 5 flight on a new Alaska Airlines 737 MAX 9, forcing pilots to make an emergency landing while passengers were exposed to a gaping hole 16,000 feet above the ground U.S. planemaker Boeing...
COVID-19 eliminated a decade of progress in global level of life expectancy: WHO
Between 2019 and 2021, global life expectancy dropped by 1.8 years to 71.4 years (back to the level of 2012). Similarly, global healthy life expectancy dropped by 1.5 years to 61.9 years in 2021 (back to the level of 2012) Geneva: The latest edition of the World...
South Asia faces extreme weather with heatwave in India, cyclone in Bangladesh
Extreme temperatures throughout Asia last month were made worse most likely as a result of human-driven climate change, a team of international scientists said. India's summer temperatures often peak in May, but scientists have predicted more heatwave days than usual...
Kerala flood: Heavy rains wreak havoc, 11 dead
Revenue Minister K Rajan today said parts of Kerala received over 20 cm of rain in the last 24 hours and added that a total of 11 people have lost their lives in the state in various recent rain-related incidents Thiruvananthapuram: Heavy rains continue to lash Kerala...