Edme Insurance Brokers has appointed Nitin Firke as managing...
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Insurance premium for aircraft expected to go up, says IndiGo CEO
During a virtual interaction post announcing the June quarter...
Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which...
Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead
“The fire is most definitely still not controlled. It’s a very hard fire to extinguish, possibly because of the cargo the ship was transporting,” said Edwin Versteeg, a spokesperson for the Dutch Department of Waterways and Public Works. “Electric cars burn just as...
Airlines face doubling in war insurance premiums: Sources
Insurers are, as a result, weighing a potential doubling of the premiums on such policies when airlines typically renew cover in the fourth quarter, the sources said London: Airlines could end up paying twice as much for insurance they need to protect themselves...
Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific
Gunawan's appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as special...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...
Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay out...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a high risk of experiencing wildfire, heat, drought and flood, according to a new study on domestic migration by Redfin, an online real estate brokerage firm A midsummer quiz: Let’s say you read about an...
Allianz Commercial launches in global Property & Casualty markets
Chris Townsend, Member of the Allianz SE Board of Management, comments: “Our commercial businesses have been united in ONE global model. With Allianz Commercial, we can service a fuller, more dynamic range of customers under our new unifying name – this gives us an...
Black Sea shipping traffic slowing after Russia, Ukraine warnings
Additional war risk insurance premiums, which are charged when entering the Black Sea area, need to be renewed every seven days. They already cost thousands of dollars and are expected to go up, given also the risk of floating mines War risk cover for Russia's Black...