According to market research, up to $7 trillion will be spent on...
Category:
Reinsurance
Latest
Willis appoints Vijay Nair as Head of Tax Insurance, Asia Pacific
Willis, a WTW business, appointed Vijay Nair as Head of Tax...
Changing Asian Risks: Increasing Competition,Economic Slowdown and Cyber Threats reshape business landscape
“Cyber Attacks/Data Breach” remains the number one risk across...
M&A activities: Private Equity dry powder set to stimulate deals in 2024
Asia, the Middle East, and India were the most stable markets. Asia saw an influx of new insurers and exhibited a broader risk appetite, and while the Middle East and India saw a decrease in the overall number of deals, an increase in $1bn+ enterprise value deals saw...
Tokio Marine Kiln appoints Jonathan Grossman in Asia Pacific Property division
Tokio Marine Kiln (TMK) today announces the appointment of Jonathan Grossman to its property division in Singapore as underwriter, effective immediately. He will focus on writing business across the Asia Pacific region, as well as Australia and New Zealand, given his...
Sanctions are finally starting to bite Moscow’s oil supply chain
Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. The Russian oil-export machine funding the Kremlin’s war in Ukraine...
After pricing, IRDAI now allows general insurers freedom of wordings in corporate policies from Apr 1
Now, the insurers can change terms, conditions, clauses, warranties, policy and endorsement wordings applicable to certain classes of business such as Fire, Engineering, Motor, Workmen’s Compensation and other classes of insurances which were not allowed earlier....
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
India’s Reliance refusing Sovcomflot oil shipments after sanctions, sources say
India's crude imports from Russian may decline as the number of vessels would be reduced and that could jack up freight costs India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper...
GIC Re provides CSR funds for key rural development project in Maharashtra
L to R- N Ramaswamy, CMD, GIC Re, Praveen Pardeshi, CEO,Maharashtra Institution for Transformation (MITRA),Eknath Shindhe, Chief Minister, Maharashtra and Ajit Pawar, Dy Chief minister, Maharashtra, at an occasion in Mumbai to hand over GIC Re's cheque of over Rs...
Amitabha Ray to succeed Hadi as CEO of Swiss Re’s India Branch
Ray succeeds Hadi Riachi, who has been shifted as Head of the Global Underwriting Centre for Swiss Re Corporate Solutions Singapore: Swiss Re, the second largest global reinsurr, has elevated Amitabha Ray, Head of P&C Client Markets and Chief Underwriting Officer...
Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey
“The responsibilities incumbent upon directors and officers in APAC continue to evolve and become more nuanced, with aspects, such as employee safety, ESG-related obligations and cybersecurity-related pressures to be cognisant of. All set with a backdrop of...
Sompo appoints Richard Allen as Commercial P&C Insurance Chief Underwriting Officer,Global Markets
LONDON: Sompo on Tuesday appointed Richard “Rick” Allen as its chief underwriting officer (CUO) for its Global Markets Commercial P&C insurance business. Based in the London, Allen will work closely with the commercial P&C insurance chief underwriting officers...