The 3rd edition “IFSCA-IRDAI GIFT-City Global Reinsurance Summit”...
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AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance...
Canopius launches first digital asset custody product on Lloyd’s Asia platform
Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...
ASPEN appoints Tay Boon Chuan as head of Singapore
Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...
India is developing programmes to reduce risk of losses from all hazards: PK Mishra
P K Mishra, Principal Secretary, PMO India has significantly increased funding earmarked for disaster risk reduction and has brought about landmark changes in its financing architecture to support the entire spectrum of disaster risk management needs – disaster risk...
Ukraine Black Sea grain deal extended for two months
Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea export deal. They authorize and inspect ships. No new vessels have been authorized by the JCC since May 4 The Ukraine Black Sea...
Panda meets insurers, sets Aug 1 deadline for Health Exchange and Bima Sugam
Debasish Panda, chairman, IRDAI Raising the overall budget for Bima Sugam to Rs 200 crore from around Rs 85 crore, Irdai now plans to go for requests for proposals (RFPs) soon to appoint a service provider for the platform. The service providers will be the...
ICICI Lombard partners with actyv.ai for SME solutions
ICICI Lombard will collaborate with actyv.ai to design comprehensive insurance offerings for the entire supply chain ecosystem, encompassing distributors, retailers, and suppliers Mumbai: ICICI Lombard General Insurance, India's second largest general insurance...
Post-pandemic world economy still feeling COVID-19’s sting
Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition to the ever-worsening impact of climate change, the report found UN: Prospects for a robust global economic recovery remain dim...
Proposal to blacklist ICICI Lombard sent to Maha Govt over crop insurance delay, says Akola collector
The private company has been appointed to insure crops in the district but there were delays in processing farmers' compensation claims following natural calamities, said district collector Nima Arora Akola(Maharashtra): The Akola district administration in central...
Howden places new leadership across the regions and verticals
Asia Pacific, with Goh Chye Huat and Matt Bacon leading Asia and Pacific respectively, will be chaired by Mark Wood. India, Middle East & Africa and LatAm will be led by Sonia Caamaño, currently CEO International Growth Markets, and chaired by Paul Redgate, with...
Aon launches a new climate innovation hub in Singapore
(Lto R) Greg Case, CEO, Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board inaugurating Aon's new climate innovation hub in Singapore “Climate change is a reality, not a probability. In 2022, there were $313 billion in total economic losses from...