However, ongoing geopolitical uncertainty, including the...
Category:
Reinsurance
Latest
GIC syndicate 1947 novates managing agency services to Asta
Ramaswamy Narayanan, CMD, GIC Re Ramaswamy Narayanan, GIC Re...
T’gana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons
"The Hyderabad facility is fully insured, and we are in the process...
Warren Buffett’s firm reports USD 2.7B loss on investment drop
Warren Buffett, chairman, Berkshire Hathaway Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter By that measure,...
Lloyd’s Syndicate Ascot resumes cargo cover for Black Sea grain shipments
“In response to today’s news, the Ascot-led ‘AsOne’ facility is quoting again, effective immediately, and we have already issued quotes this morning,” Chris McGill told Reuters by email Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance...
ESG will increasingly influence insurers’ strategies: Fitch
Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...
Ukraine grain export deal back on track as Russia resumes participation
The grain deal, originally reached three months ago, had dispelled a global food crisis by lifting a de facto Russian blockade on Ukraine, one of the world’s biggest suppliers. The prospect that it could fall apart this week had revived fears of global hunger and...
Russian hackers account for most 2021 ransomware schemes, U.S. says
In analysis issued in response to the increase in number and severity of ransomware attacks against critical infrastructure in the United States since late 2020, the U.S. Financial Crimes Enforcement Network (FinCEN) said it had received 1,489 ransomware-related...
Insurance for Ukraine grains shipments cut after Russia suspension -sources
Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...
India saw an extreme weather event on almost 90 pc days in first 9 months this year: CSE report
These disasters claimed 2,775 lives, affected 1.8 million hectares (ha) of crop area, destroyed over 4,16,667 houses and killed close to 70,000 livestock, stated the report, 'Extreme Weather Report 2022', released by the Centre for Science and Environment (CSE New...
Lockton Asia appoints Ben Son as Korea CEO
"Combining the teams' expertise, reputation, relationships, and revenue, will result in continued acceleration of Lockton Korea's growth trajectory and position as a leading insurance brokerage," said Juyeol Lee, President of Lockton Korea SEOUL: Lockton, the world's...
More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report
Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have so far made any public announcement on the grounding of the planes. "These will have a significant impact on financials in the second half," CAPA said in its...
Car or robot? Unlocking the future of autonomous vehicles
The successful adoption of autonomous vehicles in and by cities also requires innovative policies. Regulatory bodies need to emphasize how these vehicles interact with pedestrians and other vulnerable road users not only algorithmically but also through...