Outside of the Lloyd’s market, Starr writes commercial non-life...
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Catastrophe bond investors brace for Jamaica payout
Depending on exactly where Melissa hits Jamaica, total losses may...
JBA Risk Management to set up India operation, to meet growing demand for flood intelligence
India’s banking sector is increasingly recognising the impact of...
Insight: Coal miners forced to save for a rainy day by insurance snub
Dozens of insurers have announced restrictions on their cover for the coal industry, particularly for new projects, in response to pressure from shareholders, governments and environmental groups who want to limit coal’s contribution to global warming. This follows...
Sompo International appoints Vicky Sarjeant as Head of Energy Insurance, Asia Pacific
Sompo International, a global provider of commercial and consumer property and casualty (re)insurance, has appointed Vicky Sarjeant as Head of Energy Insurance, Asia Pacific. She will be based in Singapore, and report to Paul O’Neill, President of Commercial Lines,...
Howden makes new appointments for Asia Pacific and India
Howden has appointed of Bozidar Ljubisavljevic as executive director, Marine, based in its Singapore office. He is taking on a new role in Singapore to strengthen Howden’s value proposition for the benefit of marine and logistics clients in Asia Pacific. The broker...
El Nino likely to develop between Sept and Nov, Australian weather bureau says
“Sea surface temperatures (SSTs) in the tropical Pacific are exceeding El Niño thresholds and have continued to warm slightly over the last fortnight,” the bureau said in a statement on its website.Climate models indicate further warming of the central to eastern...
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...