The new model, which includes more enhanced market data, crops,...
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Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The...
OAK Global launches dedicated retro Syndicate at Lloyd’s
The newly formed syndicate has received in principle approval to...
Net-zero: India can create 37 million additional jobs by 2050 through planning and investments, says Swiss Re
Paul Murray, CEO Reinsurance Asia at Swiss Re India is vulnerable to weather risks and its adaptive capacity for climate change is low when measured against the Swiss Re Institute's Climate Economics Index, which ranks India 45th (out of 48 markets), with only the...
Andrew Carrier appointed as Chief Executive Officer of MS Amlin Underwriting
Prior to his role at MS AUL, Carrier spent six years at Everest Re, where he was responsible for the firm’s London Market, Continental Europe, and Asia Pacific reinsurance operations London: MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, announced...
Global experts to participate in “Aviation Insurance Symposium” hosted by Global Insurance Brokers tom
Currently, seven active insurers led by New India Assurance and reinsurers led by GIC Re are proving a Hull capacity of over $ 75mn and liability cover of over $ 400mn Mumbai: India not only has seen its aviation market expanding fast, also has emerged as the...
EU’s Dec 5 Russian oil sanctions are already hitting nation’s trade
The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo still on the water after that date will no longer be covered by a European underwriter or reinsurer. European Union sanctions on Russian oil might still be...
Odisha starts prepping for upcoming ‘cyclone season’
''Odisha usually witnesses the wrath of cyclones during the withdrawal of monsoon in October and November. Odisha's geographical situation and climate change have also caused cyclones during the summers since 2019,'' . Bhubaneswar: The Odisha government has asked its...
Deficient monsoon and excess rains afterwards, UP farmers stare at heavy losses
As per IMD data, Uttar Pradesh recorded almost 30 per cent less rainfall this monsoon season (June 1 to September 30). Because of this, 53 of the total 75 districts recorded deficient rainfall. The lack of rainfall too harmed farmers by affecting their Kharif crops...
Families seek truth as Airbus, Air France face crash trial
They were among 228 people killed in 2009 when their storm-tossed Air France flight from Rio de Janeiro to Paris slammed into the Atlantic. After more than a decade of legal battles, their families at last have a chance at justice No one risks prison in this case;...
AM Best affirms GIC Re’s Financial Strength Rating(FSR) as stable
The Credit Ratings (ratings) reflect GIC Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor in a...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
Howden RE appoints Doreen Tan as Director, ASEAN Treaty / Retrocession
Tan will be responsible for servicing clients and markets across Asia Pacific as part of Howden RE’s growing treaty reinsurance division dedicated to the region and her appointment represents Howden’s continued investment in expertise Singapore: Howden Reinsurance...