The government has extended the appointment of Hitesh Ramesh...
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Reinsurance
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MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals...
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...
Andreas Berger to succeed Christian Mumenthaler as group CEO of Swiss Re from July 1
Andreas Berger, group CEO designate, Swiss Re Jacques de Vaucleroy, Swiss Re's Vice Chairman of the Board of Directors, said,"The Board unanimously determined that Andreas Berger is the right person to build on the firm's current momentum and lead Swiss Re into the...
Strong earthquake strikes Taiwan, tsunami waves detected in Japan
Taiwanese television showed buildings in Hualien shaken off their foundations. The strong quake knocked out power in several parts of the city In the capital, Taipei, tiles fell from older buildings and within some newer office complexes. Train service was suspended...
Sompo announces leadership changes for Asia Pacific Region
Kenneth Reilly, CEO, Insurance, Sampo, Asia Pacific region James Shea said, “As we invest and further develop our business across the Asia Pacific region it is fundamental to build our team to support our plans for continued growth. With more than 25 years of...
APAC’s Nat Cat economic losses at $65 billion in 2023, 91% uninsured
George Attard, CEO of Reinsurance Solutions for Aon’s Asia Pacific region Economic losses in the Asia Pacific region specifically, driven primarily by floods in China and drought in India, reached USD 65 billion “The findings from Aon’s 2023 Global Risk Management...
Shipowner in Baltimore bridge collapse seeks to limit liability to $43.7 mn
The company, Grace Ocean, could face hundreds of millions of dollars in damage claims, legal experts say.On Monday it filed a petition jointly with Synergy Marine, which was operating the Singapore-flagged cargo ship Dali. They claim the collapse of the Francis Scott...
Passenger vehicle sales soar to record high in FY24; dispatches cross 42 lakh mark
“This is the first time that passenger vehicle sales have crossed the 40 lakh sales mark in the country…much of the growth that has happened is in the SUV segment,” Shashank Srivastava,member, executive committee, Maruti Suzuki India New Delhi: Driven by robust demand...
Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon
George Attard, CEO of Asia Pacific for Aon’s Reinsurance Solutions, said, “The April 1st reinsurance renewals were more predictable and generally favorable to reinsurance buyers. As mid-year renewals get under way for the catastrophe-exposed markets of Florida,...
Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity
``With a robust solvency ratio of 2.94 , we remain bullish and will grow our top line in this Apr 1 renewals. We have engaged with the market participants, especially the bigger ones. And my team is speaking to the reinsurance people to ensure that we understand what...
Allianz Partners becomes the first foreign reinsurer to setup operations in GIFT City
With its headquarter in Paris, globally, Allianz Partners is an re/insurance company that offers health, life, automotive, and travel services. It also provides liability insurance for rental cars, travel delay, hotel cancellation, and business trips Gandhinagar/GIFT...
Building a new Key Bridge could take years and cost at least $400 million, experts say
The Key Bridge collapsed Tuesday, killing six members of a crew that was working on the span, after the Dali cargo ship plowed into one its supports. Officials are scrambling to clean up and rebuild after the accident, which has shuttered the city's busy port and a...