The typhoon could cover two-thirds of the Southeast Asian...
Category:
Reinsurance
Latest
Data Centers: AI and cloud computing drive global construction boom
According to market research, up to $7 trillion will be spent on...
Willis appoints Vijay Nair as Head of Tax Insurance, Asia Pacific
Willis, a WTW business, appointed Vijay Nair as Head of Tax...
Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot's insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance...
Howden unveils a new brand
IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...
If new cars are safer, why are fatalities on the rise?
Roadway deaths in the U.S. are mounting despite government test data showing vehicles have been getting safer. While the number of all car-related fatalities has trended upward over the last decade, pedestrians and cyclists have seen the sharpest rise: over 60%...
Tax Troubles: General insurers get Rs18,000 crore of demand notices from GST authorities on reinsurance & 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 commission accepted on the reinsurance premium...
Ship insurance facility set up for Ukraine grain exports, says broker Miller
London-headquartered Miller said it had teamed up with British maritime technology company Clearwater Dynamics (CWD) to develop a war risks insurance facility for grains shipments via three ports including Chornomorsk as well as Odesa and Pivdennyi “The three main...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”
In an exclusive interview with Asia Insurance Post, on the occasion of Rendezvous September, Monte Carlo, Devesh Srivastava, CMD, GIC Re highlights major achievements during his 4-year tenure as the head of the third largest Asian reinsurer. The period of...
Govt considers financial creditor status for insurers issuing surety bond
The general insurance companies are seeking changes in the Indian Contract Act and Insolvency and Bankruptcy Code (IBC) to bring surety bonds at par with bank guarantees when it comes to recourse available to them in case of a default. New Delhi: To make surety bond...
Mahindra Finance acquires 20 pc stake in Mahindra Insurance Brokers for Rs 206 cr
The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory...
California lets insurers factor wildfire risks in rates to widen coverage
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
Lloyd’s and the UN team up to get insurance to climate vulnerable countries
After the initial focus on the Pacific, the partnership will seek to roll out the model to Asia and parts of Africa LONDON: Lloyd's of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate...