The transaction follows Everest's recent announcements of...
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Favorable insurance market conditions continue despite increasing risk complexity, Aon Report
"The most pronounced impacts are in Marine Hull & War, Marine...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive...
NSE files for Rs 30,000-cr IPO; set to become India’s biggest-ever public issue
Life Insurance Corporation of India (LIC), the single largest shareholder in NSE, holding a 10.72 per cent stake, will not offload any shares. GIC Re (1.07 crore shares), The New India Assurance Company (1.05 crore shares), National Insurance Company (0.60 crore...
Hitesh Joshi appointed as CMD of GIC Re
Hitesh Joshi, CMD, GIC Re Joshi has been serving as the acting CMD of GIC Re since Oct 1.The post has fallen vacant after N Ramaswamy retired from the company since Sep 30. The government on Tuesday has appointed Hitesh Joshi, 57, as the new CMD of GIC Re, the ninth...
Institutional investors rush for GIC Re shares; issue subscribed nearly 4X on day 1
DIPAM Secretary shared the development via X on Tuesday, adding "Offer for Sale in General Insurance Corporation of India received an enthusiastic response from the investors on day one and was oversubscribed 3.72 times. Government has decided to exercise the entire...
Shipowners eye Hormuz return with cution
News of a long-awaited agreement between the US and Iran and the prospect of ending a double blockade drove Brent oil futures down almost 5%. But those ferrying crude and gas around the world are still questioning what exactly a reopening — which US President Donald...
Govt to sell up to 5% GIC Re stake tom at Rs 352 per equity share
The Secretary, Department of Investment and Public Asset Management, under Finance Ministry, wrote on its official X account, “Offer for Sale of equity in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors can bid on...
Iran, US agree to halt war and reopen Hormuz
Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut for months, would open on Friday, and that he had ordered the end of a U.S. blockade of Iranian ports. DUBAI/BEIRUT:The U.S. and Iran said they...
Liberty and ICEYE partner to deliver market-first Parametric wildfire insurance cover
Jean-Christophe Garaix, Head of Parametrics & Agriculture at Liberty, said: “By pushing the boundaries of technology, we are delivering a new generation of parametric wildfire coverage that is faster, more responsive, and fully data driven. Our property wildfire...
US, Iran reach preliminary agreement to end war, signing set for Friday
Donald Trump,U.S. President Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the U.S. blockade of Iranian ports....
Embedded Insurance: A key differentiator for Southeast Asian device retailers
As connected devices become indispensable to everyday life across Southeast Asia, retailers are facing intensifying competition and rising customer expectations.Embedded insurance offers retailers a powerful way to differentiate themselves by making protection an...
US, Iran inch closer to deal, timing remains unclear
Trump wrote on Truth Social that after a framework deal is signed, the Strait of Hormuz, a vital artery for global oil supplies that Iran has blocked, would immediately be "open to all." WASHINGTON/DUBAI: U.S. and Pakistani leaders forecast a Sunday signing of a...