The move comes after exporters flagged sharp and sometimes...
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Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom
According to Nasscom, several companies have begun activating or...
US’s DFC announces $20B plan for Maritime Reinsurance in the Gulf
Working alongside CENTCOM, DFC coverage will offer a level of...
Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at no 2 in Asia Pacific
"Following the volatility and uncertainty of 2025, businesses continue to face interconnected and highly complex risks in 2026's fast-changing environment. Given the continuing rise of AI across society and industry, it is unsurprising that it is the big mover in the...
Allianz Jio Reinsurance applies for a license from IRDAI, starts leadership hiring
``We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity.As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services...
Black Sea war insurance rates jump after tanker attacks, sources say
``Black Sea war rates were extremely volatile and were changing on a daily basis.Right now, they are spiking due to a number of incidents, and we wouldn’t be surprised to be quoted in excess of 1%, dependent on the vessel’s value, ownership or proposed port of call,,...
“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers
Nagaraju also stressed that high priority should be given to the timely resolution of public grievances and to ensuring seamless and prompt claims processing, in order to provide efficient services to customers. New Delhi: Outlining the action plans for PSU insurers...
Natural Disasters in 2025: Alarming rise in floods, severe convective storms and wildfires
Tobias Grimm, Munich Re’s Chief Climatologist: “A warming world makes extreme weather disasters more likely. Given that 2025 was another very warm year, the past 12 years have been the warmest on record. The warning signs persist. Indeed, under the prevailing...
Bobby Swarup’s Niyam Grp receives Lloyd’s in-principle to establish Syndicate 2047, to focus on India and other high growth Asian and African markets
Bobby Swarup, Founder and CEO of Niyam Group, said “I am grateful to Lloyd’s, our investor J.C. Flowers & Co. and their adviser Macquarie Capital, and to our partners, Guy Carpenter and PoloWorks, for their belief in Niyam and its purpose. This marks the beginning...
Natural disasters cause US$224bn global damage in 2025, insured losses at US$ 108bn, says Munich Re
In the Asia-Pacific region, natural disasters resulted in overall losses amounting to roughly US$ 73bn; this is above the 10-year average of US$ 66bn. Only US$ 9bn was insured. In many lower-income countries, insurance penetration remains below 5% Munich: Natural...
Aon promotes Neha Shah as head of its Life and Health (L&H) business India
International broker Aon has promoted Neha Shah as to head its Life and Health (L&H) business India. Shah, an actuary, who had joined Aon's L&H team last year, will be responsible for leading and supporting the strategy execution for the reinsurance business...
Nexus acquires medical tourism specialist Sure Insurance Services
The business will become part of Millstream Underwriting, which has been owned by Nexus since 2015 London: Nexus Underwriting (Nexus), announced today that it has acquired Sure Insurance Services (Sure), a leading provider of specialist solutions for the medical...
Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant opportunities and increasing complexities companies face within the Natural Resources and Construction industries in Asia Singapore: Willis, a WTW business, today announced new appointments to its...