Rokstone Singapore is supported by a multi-year, $25 million...
Category:
Reinsurance
Latest
MS Amlin strengthens APAC team with three underwriting appointments
These appointments underscore MS Amlin’s commitment to growth in...
Brokerslink appoints Tushar Thakker as its new regional manager for APAC region
The new Steering Team for Asia Pacific includes- Tony Lim, CEO of...
Munich Re launches parametric driven NatCatcover for small borrowers in India
``We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh Kotak,...
“Munich Re is committed to support Indian insurance industry, to bring in new products and solutions to the market’’
Growing its business fast, Munich Re, the largest global reinsurer,has emerged as one of the key Foreign Reinsurance Branche(FRB) in India. Hitesh Kotak, Chief Executive, India, Middle East and Africa, Munich Re,in an interview with Asia Insurance Post, outlines his...
Viasat Inc’s $1 bn orbiting satellites risks upending space insurance
Viasat’s troubles in orbit come a few years after big-name insurers like American International Group Inc. and Allianz SE have shuttered their space portfolios. That’s left a smaller pool of providers to absorb the risks in the notoriously high-stakes $553 million...
Geopolitical fragmentation, increasing trade protectionism, climate change posing serious challenges to inclusion: Industry leaders
In a panel discussion at the B20 Summit India 2023 in New Delhi, Tata Sons Chief Economist and Head of Policy Advocacy, Roopa Purushothaman said while inequality between countries has been getting better, inequality within countries has been worsening in the last few...
Swiss Re ordered to pay former underwriter $1.6M for sexism, unfair dismissal
Ms. Sommer was awarded 1.29 million pounds in a ruling published on Thursday, which the tribunal said was for “injury to feelings, personal injury and aggravated damages” and other financial losses, including the loss of a bonus in 2021 London: A former Swiss Re...
IRDAI asks insurers to settle HP claims quickly
As the ongoing floods in Himachal Pradesh have caused widespread loss to property(homes and businesses) and infrastructure, the IRDAI on Friday asked general insurers and standalone health insurance companies to mobilise all resources to ensure that all claims are...
Global reinsurers pull back from natural catastrophe cover, says Fitch
Natural catastrophe business has become largely loss-making in recent years as prices have failed to keep pace with increasingly frequent, severe and volatile weather-related losses due to climate change. This has reduced reinsurers’ appetite to provide natural...
IRDAI lowers capital of FRBs to Rs 50 cr from Rs100 cr, order of preference streamlined to 4 levels from 6
This comprehensive regulatory overhaul is strategically designed to position India as a prominent global reinsurance hub. The revised Order of Preference for International Financial Services Centre Insurance Offices (IIOs), coupled with simplified regulations and...
AstraZeneca facing two London lawsuits over COVID-19
Anish Tailor, whose wife Alpa died in March 2021 after receiving her first dose of the vaccine, filed a product liability claim against AstraZeneca at London’s High Court on Aug. 4, according to court records AstraZeneca is facing a similar lawsuit from Jamie Scott,...
Insurers raise premiums for Black Sea tankers as tensions mount – traders
The war risk premium was increased from around 1% of the cargo’s cost to some 1.20-1.25%, the traders said The increase means every voyage will cost $200,000 per one Suezmax tanker (can carry 120,000-200,000 tonnes) more if Russian oil is delivered to India. The rise...