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Bagic’s T A Ramalingam takes over as first CEO of Prem Watsa’s Value Attics Reinsurance
T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who...
Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very...
SpiceJet’s Delhi-Dubai flight diverted to Karachi due to fuel indicator malfunction
This is the sixth such incident on SpiceJet aircraft in the last 17 days.The Directorate General of Civil Aviation (DGCA) is investigating all six incidents New Delhi: SpiceJet's Delhi-Dubai flight was diverted to Karachi on Tuesday as the fuel indicator started...
IAEA Initiative sets to facilitate safe and secure deployment of small modular reactors
"In nuclear, we must have the highest standards of nuclear safety and security – they are indispensable for the public, governments and investors. Nuclear safety, security, and safeguards will be the litmus test for deployable reactors at the scale needed. The NHSI is...
Howden acquires a New Zealand broker to focus on Pacific market
Matt Bacon, CEO Howden Pacific, commented: " This acquisition is another great step forward in our strategy to expand our platform in New Zealand, and continue to offer a choice to clients and talent in this key Pacific market" Auckland: Howden, the international...
Climate change is driving 2022 extreme heat and flooding
For heatwaves and extreme rainfall, “we find we have a much better understanding of how the intensity of these events is changing due to climate change,” said study co-author Luke Harrington, a climate scientist at Victoria University of Wellington Less understood,...
Australia floods worsen as thousands more flee Sydney homes
The Insurance Council of Australia, which declared the floods a 'significant event', urged affected people to apply for claims, even though the full extent of damage was unknown now Sydney: Torrential rains kept battering Australia's east coast on Tuesday,...
COVID-19 Pandemic: Risk lessons in a complex, inter-connected world
Today’s interconnected world is an evolving system, and disastrous events are often the results of systemic failures. The new UN report shows that It’s time to develop a deeper understanding of systemic risks, how they trigger other hazards and shocks, often in...
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
Rishi Sunak,British Chancellor "Financial service is an area where there's an enormous opportunity for both of our countries. India's goal is to spread insurance across the entire economy because insurance is a great thing for enabling protection for individuals and...
RNRC is covering nearly all Russian reinsurance business
Igor Yurgens, head of the All-Russia Union of Insurers, told the same meeting on Friday that insurance companies from India and China are also staying away from Russia amid fears they will fall under secondary sanctions State-controlled Russian National Reinsurance...
Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia
As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.'' said Daniel Cossette, Chief...
Mass shooting insurance rates in U.S. jump as incidents rise
Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States' worst school shooting in nearly a decade Active shooter insurance typically covers victim...