Asia-focused ILS vehicle exceeds $100m milestone as insurer signals...
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Global reinsurer capital reach a new high of $760 billion by September 30, 2025: AoN
Insurers were able to achieve significant decreases in pricing and...
Jan1 Renewals:Most areas of market record price decreases, Conditions expected to persist into 2026, says Howden
This backdrop brings opportunities across the value chain. Buyers...
General insurers issue around 700 surety bonds for Rs 3000 crore in recent months
So far, NHAI has received 164 Insurance surety bonds consisting of 20 bonds for performance security and 144 bonds for bid securities for implementing its projects New Delhi: After initial hitches, some of the domestic general insurers including New India Assurance,...
ISRO: Earth Impacted by Intense Solar Storm
''This is the biggest geomagnetic storm since 2003 in terms of its strength, as the flaring region on the Sun was as big as the historically important Carrington event that took place in 1859,'' ISRO said in a statement. Bengaluru: A powerful solar storm impacted...
WTW announces market first facility for cargo and war-on-land risks in Ukraine
Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...
Catastrophe models underestimate climate risks, find out investors
Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms,...
Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged
"There will be an investigation regarding what kind of permission they have for this hoarding, whether they had this permission or not. The CM has directed that a proper audit of all the hoardings in Mumbai be done by the BMC to mitigate such incidents in the future....
TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy
The Indian space industry is experiencing phenomenal growth, with a projected market size reaching into the tens of billions. With the privatisation of space launches, India targets a five-fold increase in its global launch market share, projected to reach $47.3...
ADB’s $1.70 mn study to develop multi-hazard early warning system for glacial lake outburst floods(GLOFs) in Himalayan region
Pushpendra Johari, senior vice president, sustainability, RMSI ``There's some progress in the case of GLOF, with studies emerging and consultations sought from experts like in the case of Nepal. ADB study for Bhutan and Nepal will include climate and disaster...
White House wants cybersecurity standards on hospitals
The proposal may extend beyond hospitals too. The administration intends to issue a notice of proposed rulemaking in coming weeks to bring in minimum cybersecurity requirements for entities that receive money from Medicare and Medicaid, according to a US official, who...
China Construction Bank sued in U.S. over reinsurance fraud losses
The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
El Niño sees African Union Insurance Agency pay out $60 million
El Niño is caused by ocean currents that bring dry and hot weather to Southern Africa. Zimbabwe, Malawi and Zambia have declared national state of disasters The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations...