Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual...
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MS Amlin signs multi-year deal for CyberCube Solutions to support cyber growth strategy
Chris Methven, Chief Growth Officer at CyberCube, said,``Our...
KKR and Quadrantis Capital pick up minority stakes in Peak Re
Franz-Josef Hahn, Chief Executive Officer, Peak Re. Post...
Aon appoints its Asia CFO Rishi Mehra as India chief
Rishi Mehra, India chief, Aon Working closely with Jon Pipe, CEO and principal officer of Aon India Insurance Brokers and Nitin Sethi, CEO of Aon Consulting Private Limited, Mehra will bring together the collective capabilities across Risk, Health,Wealth and Talent...
Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...
AM Best’s first ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)
Although the company’s five-year average combined ratio was 104.8%, it has consistently outperformed the domestic general insurance market in India SINGAPORE: Announcing its ratings for the first ever Indian private sector general insurance company, international...
European reinsurers’ renewals indicate peaking underwriting margins: Fitch
``We expect strong underwriting profitability to continue supporting the reinsurers’ ratings this year, with price levels and favourable terms and conditions adequately compensating for high claims inflation. Investment income will continue to bolster earnings as...
Globally, 1 accident reported for every 1.26 mn flights operated in 2023: IATA
Releasing the data, the International Air Transport Association (IATA) on Wednesday said there were no hull losses or fatal accidents involving passenger jet aircraft in 2023 New Delhi: There was one accident for every 1.26 million flights operated globally in 2023...
Fast-growing Asian economies China, India,Thailand and Philippines most vulnerable to climate change: Swiss Re Report
Risk reduction through adaptation fosters insurability. The insurance industry is ready to play an important role by catalysing investments in adaptation, directly as a long-term investor and indirectly through underwriting climate-supportive projects and sharing risk...
Red Sea attacks add urgency to Mideast Trade route
Almost all of India’s trade with Europe goes through the Red Sea channel, India’s ambassador to the United Arab Emirates said, adding to the urgency for the India-Middle East-Europe Economic Corridor project The volatile situation in the Red Sea increases the need for...
Berkshire posts record profit on insurance, investments
Berkshire Hathaway has reported net underwriting earnings across its re/insurance operations of $5.4 billion for the full year 2023 compared with a loss a year earlier. Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating...
Munich Re sees positive environment in upcoming April and July renewal rounds
``2023 was another successful year for Munich Re. With the exception of systemic risks – such as cyber and pandemic – our appetite for covering existential risks for people and enterprises is far from exhausted, '' said Joachim Wenning, Chair of the Board of...
Govt involvement necessary to manage rising global CAT and Cyber risks: Munich Re
The private sector cannot provide cover for the greatest systemic cyber risks, such as the failure of critical infrastructure or cyber war. But a potential solution to this complex problem is a governmental backstop – a precautionary measure of last resort, Munich Re...