“It empowers our professionals to turn insight into action, helping...
Category:
Reinsurance
Latest
Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Catastrophe insurance backed by catastrophe bonds are part of the...
Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented...
Israel-Hamas conflict: Major airlines suspend Tel Aviv flights until conditions improve
US air carriers United Airlines, Delta Air Lines and American Airlines said they had suspended direct flights.Air France, Lufthansa, Emirates and Ryanair also pulled flights to Tel Aviv’s Ben Gurion airport PARIS/NEW YORK: Several international air carriers said on...
Star Health Insurance launches Surrogacy Cover and Oocyte Donor Cover at no additional premium
“The policy requires that certain terms & conditions are followed for the cover to be applicable, namely, the intending couple, surrogate mother and treating hospital must adhere to the guidelines of the Surrogacy Act and ART Act. Also, Surrogacy and Oocyte...
Israel-Hamas conflict: Indian exporters may face higher risk premiums, shipping costs
''For merchandise exports of India, the war may lead to higher insurance premiums and shipping costs. India's ECGC may charge higher risk premiums from Indian firms exporting to Israel,'' think tank Global Trade Research Initiative (GTRI) said on Sunday New Delhi:...
GST authority issues Rs 922 cr show cause notices to Reliance General Insurance
The GST department is of the opinion that there is no provision in the GST Act where one registered person can collect and disburse tax on behalf of another, regardless of any co-insurance arrangement On re-insurance commission, the GST authority said that it forms...
Germany to Send Air Defenses for Kyiv to Guard Grain Routes
While Kyiv has unilaterally created a temporary corridor for ships in the Black Sea, so far it’s mostly symbolic as mainstream shipping companies are wary of using it. Twelve ships have passed through it in recent weeks, but that’s very few compared with traffic via...
Google, Apple stare at over $50 mn fine for in-app billing irregularities
The Korea Communications commission has decided to impose a fine of 47.5 billion won on Google and 20.5 billion won on Apple based on the judgment that they violated the country's revised Telecommunications Business Act by abusing their monopoly power to force local...
Pharma majors face disruptions in ops due to Sikkim flash floods
No major disruption is expected in supply chain as the manufacturing of the products has been diverted to other plants, Mankind Pharma New Delhi: Mankind Pharma Ltd on Thursday said operations at its manufacturing facility in South Sikkim have been disrupted due to...
Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion each year to infrastructure and buildings, equal to 14% of growth in global gross domestic product in 2022, estimated the Coalition for Disaster Resilient Infrastructure (CDRI) Climate-fuelled disasters...
Aon to acquire Prabodh Thakker’s Global Insurance Brokers
The combined capabilities of Global Insurance Brokers and Aon will allow us to better serve our clients across India in new geographies and industries. This acquisition will reinforce our commitment to helping our clients navigate volatility and make better decisions...
BAGIC receives Rs1010 crore GST notice on reinsurance commission and coinsurance deals
The alleged demand and the impugned show cause cum demand notice pertains to non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commissionaccepted on the reinsurance premium...