Chief Executive Officer Andreas Berger said he doesn’t see the...
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Lockton hires Darshan Parikh from Marsh
Lockton, has announced the appointment of Darshan Parikh as senior...
Shadow tanker fleet grows more slowly as Western sanctions target Russian oil
Together with U.S. restrictions, they mean more than 440 shadow...
Health must be fast-tracked for 2030
Sustainable Development Goal 3 also identified universal health coverage as the broad platform that could deliver health services while offering financial protection against inordinate out-of-pocket expenditures and debilitating catastrophic health expenditures New...
IRDAI convenes an urgent meeting of re/insurance CEOs on Monday over Surety Bonds logjam
After Nitin Gadkari, union minister, Ministry for Road Transport and Highways, launched two basic level Surety Bonds, in Dec 2022, issued by Bajaj Allianz General Insurance with the support of reinsurance support from Munich Re and Swiss Re, the Surety...
Chubb launches Lloyd’s Lithium Battery consortium
The consortium was created to address a lack of capacity in the marine cargo market for providing lithium battery transit and stock insurance. It provides a one-stop solution with limits up to $50 million for risk types associated with lithium batteries including...
AXA XL appoints Anthony Dagostino as global chief cyber underwriting officer for commercial lines
Anthony Dagostino “Cybersecurity continues to be a top risk management concern for clients across AXA. Cyber is a strategic growth area for the group''Libby Benet, AXA XL’s chief underwriting officer New York: AXA XL today announced the appointment of Anthony...
SBI General launches a comprehensive health insurance product
There are four plans under the product which offers wide range of sum insured options ranging from Rs. 3 Lacs to Rs. 2 crores, and the policy tenure can be opted from one to three years. This product is designed to cater to a broad spectrum of customers, including...
Howden Tiger and Conning release research on the rise of asset-light insurance structures
David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Tiger said, “The numbers are revealing; premiums underwritten by non-affiliated US MGAs have more than doubled since 2018, rising to $33 billion in 2022. It is evident that asset-light structures...
Morocco survivors seek aid as earthquake toll passes 2,100
The government said on Sunday it has set up a fund for those affected by the earthquake. Survivors of Morocco's deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote villages...
Constructive collaborations and client centricity will be key to successful negotiations
The rebound in the ILS market in 2023 has seen it now contributing a record $100 billion in risk transfer capacity, thereby acting as a key supply-side driver in the property catastrophe space. Within the ILS sector, catastrophe bond issuance set a 1H record, having...
Global fears are feeding demand for re/insurance: Lloyd’s CEO
John Neal,Chief Executive Officer,Lloyd’s of London Rising inflation, recession worries, climate threats and geopolitical tensions are making individuals and businesses more wary of risks, according to the head of the insurance exchange. While in a normal year...
DFS Secy Joshi wants GIC Re to grow its life reinsurance business
N Ramaswamy, CMD designate,GIC Re, Vivek Joshi,Secretary, Department of Financial Services, KK Sharma, Chief Postmaster General, Maharashtra Circle. Devesh Srivastava, CMD, GIC RE, at an event on Tuesday for releasing GIC Re's Customized Corporate My Stamp (CCMS)...