"Looking ahead, the company remains optimistic about sustaining...
Category:
Reinsurance
Latest
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said:...
GIC Re net profit surges 55% to Rs 2,867 cr in Q2FY26, global premium rises 15% to Rs 9,600 cr
`GIC Re’s broad objective is to maintain its dominance in the...
Risk Report: Building Risk Culture for India Inc
Sanjeev Mantri, MD & CEO, ICICI General Insurance Profound urgency of Climate Change continues to be undervalued among India Inc. Only Energy and Utilities, Hospitality, Infrastructure and Real Estate and FMCG sectors identified Climate Change and Natural...
Hapag-Lloyd to decide on Wednesday about Red Sea routes
The world's top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen's Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany's Hapag-Lloyd will decide on...
Govt clears proposal to appoint EDs in PSU gen insurance companies, interviews for 9 EDs soon
The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has finally approved the proposal of the Department of Financial Services for framing of guidelines for appointment of EDs in all public sector general insurance companie Currently,...
Number of new Covid cases increased 52% globally in past one month: WHO
WHO said over 118,000 new COVID-19 hospitalisations and over 1600 new intensive care unit (ICU) admissions have been recorded, with an overall increase of 23 per cent and 51 per cent, respectively, globally Geneva: The number of new COVID cases increased by 52 per...
Britain and Switzerland agree wide-ranging financial services trade deal
“It is an agreement based on deference: Swiss firms can operate inside the UK under Swiss rules and UK firms can operate inside Switzerland under UK rules,” UK's Chancellor of the Exchequer Jeremy Hunt said. “This is a light-touch, progressive, future-leaning way of...
Special camps to be organised in TN’s 4 districts to settle insurance claims once flood water recedes: FM
As many as 31 people have lost their lives in the four districts while a total of 73,574 hectares of agriculture crop area and 35,796 hectares of horticulture area have been affected due to heavy rainfall during December 16-19 Chennai: Finance Minister Nirmala...
Shipping firms impose surcharges as Red Sea attacks hit global trade
In total, Maersk said a standard 20-foot container travelling from China to Northern Europe now faced an extra charge of $700, consisting of a $200 TDS and $500 PSS. Containers bound for the east coast of North America will be charged $500 each, consisting of the $200...
Shipping costs soar as war and climate risks choke key waterways
This week, provisional chartering rates for a Suezmax tanker to move oil from Iraq to the Mediterranean rose above 90 worldscale points, said shipbrokers. That’s a sharp jump from between 75 to 85 points in provisional bookings made in the past week. These points...
China’s magnitude-6.2 earthquake kills over 100 in impoverished northwest
About 400 people were injured, thousands of buildings collapsed and some infrastructure were damaged, according to state media Beijing: Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an...
More reinsurers will enter the Cyber Market in 2024, predicts New CyberCube Report
While there will be an increase in the frequency of cyber attacks fueled by the proliferation of Artificial Intelligence (AI), the insurance sector will work more closely with SMEs to address their needs. LONDON: Traditional reinsurance companies will start offering...