The new Steering Team for Asia Pacific includes- Tony Lim, CEO of...
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Govt considers introducing nationwide climate-linked insurance scheme
The National Disaster Management Authority, the finance ministry...
CyberCube raises over $180 million from investor Spectrum Equity
Pascal Millaire, CyberCube CEO, said: “Cyber has the potential to...
Martin Zschech to lead Global Industry Solutions & Client Management team at AGCS
Global Industry Solutions is a key part of the NEW AGCS strategy. It creates an industry-led sales model for AGCS targeting specific industry segments, with GIS Directors as single points of contact to drive solutions across all Lines of Business and other Allianz...
Large parts of world drier than normal in 2021: WMO
Between 2001 and 2018, UN-Water reported that a staggering 74 per cent of all natural disasters were water-related The recent UN climate change conference, COP27, in Egypt, urged governments to further integrate water into adaptation efforts, the first-time water has...
Yellen says appropriate for U.S. firms to assess China geopolitical risks
`` But we are seeing a range of geopolitical risks rise to prominence, and it's appropriate for American businesses to be thinking about what those risks are." said U.S. Treasury Secretary Janet Yellen Yellen also said China's persistent COVID-19 lockdowns were...
SCOR completes a £1.7 billion longevity transaction with Balfour Beatty Pension Trust
Frieder Knüpling, SCOR, CEO Life & Health, said: “This transaction underlines SCOR’s strong appetite to deliver longevity solutions to our clients. Recent world events have brought life and health risks into sharp focus and now, more than ever, we are seeing...
AGCS to boost Alternative Risk Transfer team
With a realigned risk appetite and underwriting strategy, ART will target growth opportunities in two major areas: first, captive solutions including captive fronting, and second in the area of structured solutions, which are multi-year, multi-line coverages,...
India’s GIFT City aims to take On financial hubs in Singapore and Dubai
Modi’s government has offered an array of incentives, including a 100% tax holiday for a decade to businesses that set up within the hub’s International Financial Services Center, or IFSC. Rules are being tweaked to encourage Indian companies to lease ships and...
Activists aggravate art insurers’ climate headache
“At the moment it’s just climate change activists, who are mainly middle-class liberals and are not really intending to damage the work,” said Robert Read, head of art and private client at insurer Hiscox. “What we worry about is if it spreads to other protest groups...
Markel International merges professional and financial risks with an expanded cyber team
The decision to merge the two divisions is part of the wholesale business’ efforts to simplify the trading experience for its broking partners and make its product offerings to insureds as innovative, comprehensive, and relevant as possible, in a fast-moving and...
Maha: Excessive rainfall-affected farmers upset over getting paltry amounts as crop insurance
The state government data also revealed that out of 1.03 lakh farmers who submitted their claims for crop damage due to excess showers in Ahmednagar, only 20,226 claims have been approved so far and Rs 9.78 crore has been disbursed. Mumbai: A number of farmers in...
EU postpones talks on Russian oil price cap as divisions stick
The EU sanctions would bar access to insurance and services for any ship transporting Russian oil. The cap allows access to those services, but only if the crude is purchased below a certain level. The US proposed the price cap earlier this year as an alternative to...