The total policy sum insured for excess moisture and drought...
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Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for...
Swiss Re and RIQ partner to advance risk transfer powered by data and AI
Swiss Re's Group Chief Executive Officer Andreas Berger said,"This collaboration builds on Swiss Re’s deep risk expertise, strong data foundation and early adoption of AI. Together with RIQ, we aim to realise an AI-native reinsurance platform and further strengthen...
Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE Reinsurance, said: " The launch of this Lloyd's syndicate highlights the strength of the portfolio we are ceding and our consistent approach to reinsurance, which is an important contributor to Allianz’s...
Berkshire Hathaway announces a shakeup of its top management team as Warren Buffett set to retire
Warren Buffett Berkshire Hathaway also announced changes in its insurance and noninsurance operations and named Michael O’Sullivan as the general counsel, marking the creation of a new position at the company Berkshire Hathaway announced a shakeup of its top...
FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD
Some of the names who are belived to have applied for the post of GIC Re CMD include, Rajeev Singh, Head Reinsurance and corporate marketing, Digit Insurance, promoted by Prem Watsa and Kamesh Goyal. and Mandakini Balodhi, one of directors in Department of Financial...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak economic growth and volatile financial markets, but robust underwriting and new business generation, high reinvestment yields, and strong capitalisation will support insurers. Stockholm/Paris/London:...
Airbus Fleet Recall: Space weather in focus
The recall by Airbus could well "set a major precedent" by signalling that space weather needs to be given more importance for aircraft safety Space weather in focus after Airbus fleet recall experts raise questions about solar flare theory Aerospace giant Airbus...
Swiss Re open to inorganic opportunities,says CEO Berger
“We are open to inorganic opportunities,” Swiss Re CEO Andreas Berger told analysts at its investor day. “I’d like to keep some powder dry.” Zurich: Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that...
Deadly floods’ $20 billion toll shows Asia’s rising climate risk
“Climate change is undeniably fueling more severe flooding in Southeast Asia,” said Davide Faranda, research director in climate physics at the French National Center for Scientific Research who led a study on Vietnam’s November floods Devastating floods have killed...
Hong Kong’s $200 million fire claims manageable for China Taiping Insurance Grp, says Fitch
The incident will trigger multiple coverage types, including property, public liability, employee compensation, group personal accident and numerous home contents claims. It remains too early to quantify total insured losses, insurers and reinsurers to bear most...
War insurance costs spike for ship owners as Black Sea threats grow, sources say
War insurance costs for some port calls have been quoted between 0.6% and 1% of the value of a ship in the past day by some underwriters, up from 0.4-0.6% last week. Rates of 1% would be the highest since late 2023, though still below peaks of 2% for the Red Sea at...