These numbers are slightly above the long-term average for 1950 to...
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Liberty General to pay motor damage claims due to Operation Sindoor
In the aftermath of the recent cross-border shelling during...
Lloyd’s announces a new Executive Team
Commenting on the appointments, Patrick Tiernan, Lloyd’s Chief...
GIC Re net profit surges 85% to Rs 1,860 crore in Q2 FY2023
Devesh Shrtivastav, CMD, GIC Re GIC Re has performed well in the last couple of quarters, despite uncertain market condition owing to sanction, political upheaval, wear and tear of war crises, and vagaries of climate change. I think, we weathered the Pandemic...
COP27 UN conference- GFIA calls for collective action to prevent loss of life and reduce economic losses
Serving policyholders at all the milestones in their lives, (re)insurers play a crucial role in addressing climate-related risks, primarily through their measuring, pricing and assumption of risk and thus through their payment of insured claims — including life and...
At least 6 dead as 6.3-magnitude earthquake hits Nepal; tremors felt across north India
The National Earthquake Monitoring Centre of Nepal said a 6.6-magnitude quake was recorded at 2.12 am. The epicentre was Doti district. Mild aftershocks were also felt in the Uttarakhand-Nepal region at 3:15 am and 6:27 am. The NCS said the magnitude of the two...
COP 27-World Bank will host facility for climate disaster risk – Malpass
World president David Malpass said announced the new instrument, called the Global Shield Financing Facility, at a meeting with German Chancellor Olaf Scholz, who has spearheaded the effort among G7 members to create a program to give vulnerable countries access to...
Allianz to pause paid Twitter ads for now – spokesperson
German insurer and asset manager Allianz will halt its paid advertising on Twitter for now, a spokesperson said on Monday, the latest in a wave of similar moves by companies in the wake of Elon Musk’s takeover of the social media platform.
General insurance industry’s prm rise 16% to Rs 20,423 crore in Oct, pvt sector gains market share by 2%
The private sector general insurers have further expanded their market share to 51.34 per cent till October-2022 as against 49.24 per cent in the year-ago period. The four PSU general insurers have continued to lose their market share to 33.13 per cent till Oct -2022...
Reeling from floods, Pakistan seeks climate compensation, debt relief
Pakistan and other climate-vulnerable countries are demanding that the U.N. climate talks this year in Egypt take steps to mobilize "loss and damage" funds for disaster-hit nations, and some say rich nations have a duty to pay these costs because their historical...
Rs 86 lakh loss for state during PFI hartal violence: Kerala govt tells HC
Earlier, the High Court had asked the banned PFI and its former state general secretary to deposit Rs 5.2 crore with the Home Department towards damages estimated by the KSRTC and the government in connection with the hartal-related violence saying they must be held...
Precision Air plane crashes into Lake Victoria in Tanzania, 19 killed
Images shared by East African media showed the aircraft seemingly intact after plunging into Lake Victoria, which borders Tanzania, Uganda and Kenya Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in...
Markel Dubai growth further enhances capabilities in MENA region, announces 3 senior appointments
Max Robbie has been promoted to senior executive officer (SEO) at Markel Dubai, subject to regulatory approval. He joined Markel in Dubai in October 2021 and was previously head of upstream energy for Markel in Asia Dubai: Markel International, a subsidiary of the...