Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO,...
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AXA wins $908 million UK court ruling against Santander over protection insurance
AXA sued at London's High Court in 2021 over losses related to over...
Munich Re CFO Christoph Jurecka to become chairman from Jan 1,2026
Jurecka has been with the Group since 2011 and will succeed Joachim...
French insurers receive $305 million riot claims
French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...
Reinsurance market continues to recalibrate at mid-year 2023 renewals: Guy Carpenter
The preliminary year-to-date Guy Carpenter US Property Catastrophe Rate on Line Index, an alternative measure of price change that incorporates the impact of structural adjustments and current views of risk on actual dollars paid, increased 35 percent for January...
China’s extreme weather conditions may lead to food security crisis: Report
As per this report, while the country's North may face a heightened risk of water-related disasters, the South is likely to face drought. On the other hand, eastern China which is known as a key engine of economic growth, is likely to experience typhoon-triggered...
Russia rejects bank compromise as Black Sea grain expiry looms
Russia says the severing of the bank's access to SWIFT is one of the obstacles facing its own exports of food and fertiliser, and that it cannot keep renewing the Black Sea deal unless those issues are addressed Russia on Tuesday restated a demand for its state...
Cyber Insurance: Global premiums could exceed $50 billion by 2030, predicts Howden
Dan Leahy, Associate Director, said: “Having navigated the early phases of development that often come with new, fast growing lines of business, the cost of cyber insurance is now more commensurate with loss costs following the recent correction. Whilst the first half...
EV batteries remain major challenge for insurers – UK’s Thatcham
Batteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...
Markel appoints Kevin Leung as chief underwriting officer for Asia
Kevin Leung, chief underwriting officer, Asia Pacific, Markel This appointment is the next step on our journey to empower and develop our underwriting team in Asia. Our aim is to provide the best specialist underwriting capabilities to businesses in Asia Pacific.”...
Reinsurers’ discipline continues at 7/1 renewal: Gallagher Re
Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
Axa sets first emissions goals for insurance portfolio
Europe's second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021 and...
Bank of England consults on next leg of insurance capital reforms
The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit from the bloc as a key “Brexit dividend” to unlock billions of pounds to invest in infrastructure The Bank of...