Kate Markham, Hiscox London Market CEO, said: “Our research...
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Reinsurance
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GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best...
UNDP and Generali Central launch insurance innovation challenge to strengthen MSME resilience in India
Angela Lusigi, Resident Representative, UNDP India India’s more...
Swiss Re profit beats estimates with cost cutting
Andreas Berger, Chief Executive Officer, Swiss Re Lower major catastrophe losses supported Swiss Re’s profits in the period, though pricing pressure across the industry is expected to continue into next year. Inflation and macro-economic uncertainty are also...
Global Shipping groups urge UN to reject any compulsory transit tolls in Hormuz
“Once such a precedent is established, it becomes increasingly difficult to resist similar measures elsewhere, creating uncertainty for international shipping and global commerce,” wrote the group, which included the International Chamber of Shipping, BIMCO, the World...
Everest to sell Mexico insurance operations to Fairfax
The transaction follows Everest's recent announcements of agreements to sell its Colombia and Canada insurance operations as part of its planned exit from its remaining commercial retail insurance businesses. It is expected to close in 2027, subject to customary...
Favorable insurance market conditions continue despite increasing risk complexity, Aon Report
"The most pronounced impacts are in Marine Hull & War, Marine P&I, Aviation, and Terrorism & Political Violence, where insurers are exercising greater underwriting discipline, repricing risk and placing increased emphasis on policy terms and conditions....
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector's development," the S&P report said. New Delhi:India's insurance sector is poised...
Swiss Re strikes exclusive partnerships with India’s Bajaj General Insurance
Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: "Our partnerships with Bajaj General Insurance and GNP Seguros mark the beginning of a new era in how we serve clients in India and Mexico, two of the world's fastest-growing commercial insurance markets. Together,...
Yemen’s Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
The group said last month that it would begin attacking Saudi vessels in retaliation for a blockade on Yemeni ports. That added a new risk to global energy markets, with the Iran war already restricting flows through the Strait of Hormuz and Saudi Arabia relying on...
Shipping through Hormuz declines as Red Sea traffic drops to lowest since June 1: S&P Global
The report, said, "Crossings through the Strait of Hormuz reached 15 on August 3, down from a revised figure of 19 a day earlier," based on data from S&P Global MINT and S&P Global Commodities at Sea. New Delhi: Shipping activity through the Strait of Hormuz...
Goldman Sachs, Talcott partner $1 billion Bermuda reinsurance sidecar for U.S. annuities
Under a quota share agreement, the sidecar will assume a portion of specific U.S. annuities originated by Talcott.Talcott will provide the sidecar with support services across actuarial, finance, compliance and risk functions. Talcott Financial Group and Goldman Sachs...