Greg Case, president and CEO of Aon The facility, which will...
Category:
Reinsurance
Latest
Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said,...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused...
Swiss Re Foundation aims to boost health and environmental innovations through Shine Southeast Asia
The programme which seeks to boost innovation in critical impact areas – such as the Net-Zero transition, health and nutrition, financial literacy, socio-economic well-being, skills development, climate-smart agriculture, disaster risk reduction, and coastal...
Wildfires could affect over half of Canada’s oil sands output: Report
Companies like Suncor Energy, Canadian Natural Resources and Imperial Oil have oil sands projects within 150 km of Fort McMurry, an oil sands hub in Northern Alberta, with many workers living in the city More than half of the oil sands production from Canada could be...
Dieselgate: Volkswagen’s $54 million settlement with Italian owners
In the settlement, over 60,000 car owners affected by the emissions fraud will be paid up to 1,100 euros each, Italian consumer group Altroconsumo said in a statement. The scandal rocked the automotive industry in 2015 when it emerged that vehicles had been fitted...
Despite geo political challenges Indian exports to grow in FY25: Crisil Report
India's exports in April recorded positive growth in the face of the ongoing disruptions in global trade routes and uneven global growth. Imports, meanwhile, saw steeper growth, leading to a wider trade deficit Mumbai: India's trade deficit faces limited near-term...
Class Action Suits: 2 separate cases to provide level a playing field for India’s minority investors
Following the insertion in 2016 of a class-action provision in the Companies Act, a number of them could, in theory, come together and seek compensation from the company, its directors, auditors and even external consultants for acting in bad faith By Andy Mukherjee...
Swiss Re withdraws from iptiQ business, appoints Ivan Gonzalez as CEO Corporate Solutions
Moses Ojeisekhoba, CEO Global Clients and Solutions, to pursue opportunities outside Swiss Re iptiQ is a digital insurance company and division of Swiss Re. The business offers consumer products for life, health, home and car insurance on a white-labelling platform...
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,...