As at year-end 2024, the Syndicate consisted of 20 members from...
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Scor under examination over former chair’s alleged acts related to a Covea deal
Denis Kessler, former chairman, SCOR Denis Kessler, who was SCOR’s...
Global cyber insurance market to reach $ 16.3bn in 2025,says Munich Re
Thomas Blunck, CEO, Reinsurance, Munich Re: “As digitalization...
Antoine Bavandi appointed as Gallagher Re’s Global Head of Public Sector, Parametric & Climate Resilience Solutions
Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact London: Gallagher...
Swiss Re signs MoU with IIRM to enhance capability building programs in India’s insurance industry
(Lto R) Amit Kalra, Swiss Re's Head GBS Centres India and Suresh Mathur, MD,IIRM at the MOU signing event in Hyderabad Hyderabad: Swiss Re signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
Acrisure Re partners with Mahindra Insurance Brokers in preferred broker agreement
Matthew Harvey, head of broking at Acrisure Re fac, said: “India is an important and growing market with significant demand for facultative solutions. This agreement is further evidence of our commitment to expanding our footprint and capabilities partnering with a...
Cyber pirates can now penetrate modern ships’ key operations
Hapag-Lloyd AG, Germany’s largest shipping line, announced in April that it’ll become the first carrier to equip its entire fleet of containers with real-time tracking devices. Most of the large container lines use remote sensors for functions like monitoring engine...
UK aims for quick reform of complex insurer solvency rules, says Sunak
Rishi Sunak, finance minister,UK Britain inherited Solvency II rules from the European Union, and reforming them is seen by the 2.2 trillion pound ($2.70 trillion) insurance industry and government as important for keeping the country's financial sector globally...
ICICI Lombard to settle MSMEs claims of up to Rs 5 lakh within 10 days
The claims settlement process is a first-of-its-kind service to enable faster claim settlement for MSMEs and startups, ICICI Lombard said in a release Mumbai: ICICI Lombard General Insurance Company on Monday said it will settle the MSME clients' admissible claims of...
WTW appoints Lee Garvey as Regional Head of Financial Solutions in Asia Pacific
Commenting on Lee’s appointment, Stuart Ashworth, Head of International, Financial Sol said, “During this period of geopolitical upheaval, we believe our clients need our services more than ever. We have ambitious plans for Asia Pacific and this appointment reflects...
Ascending Aviation Insurance
Though the uninterrupted historical downward trend in air travel accidents,is likely to continue and so reduce the frequency of claims for insurers, claims severity has gone in the opposite direction, as aircraft become increasingly valuable due to growing complexity...
18th SIRC opens for registration, 4-day hybrid event to begin on 31Oct
“With the theme ‘RE-CONNECTING ..RE-SHAPING THE FUTURE!’, the upcoming 18th Singapore International Reinsurance Conference (SIRC) will be held from 31 Oct to 3 Nov 2022.It will be organised as a hybrid event – principally in-person, with a virtual segment for those...