``GIC Re’s lean organisational structure with fewer than 500...
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Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires
The result “gives us confidence in our 2025 targets despite a...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions
The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re,...
Russia-Ukraine War: Indian general insurers form Rs 500 crore `Pool’ to cover Fertiliser shipment, may include Oil later
The `Pool’, which only covers the Cargo and not the Hull, was initiated at the instance of ministry of finance, is already in place this week after receiving due approvals from the insurance regulator IRDAI Effectively, any claim within Rs 500 crore per shipment of...
Rating Action: Moody’s places Peak Re’s ratings on review for downgrade
The review for downgrade on Peak Re's A3 IFSR follows Moody's rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re's majority shareholder, Fosun International Limited (Fosun, Ba3 review for downgrade). The rating...
Beazley launches a D&O solution for crypto companies
Luisa Celentano, Underwriter, D&O Specialty Risks said: “The crypto market is growing rapidly, and becoming increasingly mainstream. Crypto firms face a myriad of risks from extreme volatility to a lack of regulation, and they also have to contend with different...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman
Bruce Carnegie-Brown, chairman, Lloyd's ``It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on the...
Ukraine grain shippers take alternative export routes via Baltic Sea
The country has been hunting for alternative paths for its crops as the war with Russia cuts off vital shipments from ports dotting the Black Sea, stoking global food prices and raising worries over hunger. Producers have resorted to sales by land instead, ferrying...
IDF announces a trio of key efforts launched during the IDF Summit 2022
Michel M. Liès, Chairman of Zurich Insurance Group and Chair of the IDF Steering Committee, said, “The actions highlighted at this event are testament to the power that collective action can have in the effort to build resilience to the impacts of climate change and...
Global M&A: With optimism headwinds persist in wake of COVID-19 Pandemic, Aon study
Average enterprise values on deals with insurance increased worldwide: in Asia, the average deal had an enterprise value of $516 million, up 157% on 2020; LONDON: Aon plc has released the latest edition of their global M&A Risk in Review Opens in a new tabreport....
WTW appoints Nicki Tilney as Head of Construction, Power & Renewables, Asia and George Nassaouati as Head of Energy Asia
The alignment of the Construction and Natural Resources Global Line of Business within WTW Asia enables the company to bring a more effective and integrated offering to our clients. WTW's specialist partners will deliver bespoke and innovative risk solutions through...
From crypto Picassos to frozen anthrax: Swiss Re scans horizon for emerging risks
The security of the new digital financial economy is also facing new risks. With quantum computing, for example, a new generation of computers is on the verge of completing tasks far beyond the reach of current machines These hyper-smart technologies offer significant...
Unlocking Surety Bonds: Gadkari asks IRDAI to develop a model product for general insurance industry
Nitin Gadkari, union minister for Road Transport & Highways `After discussing several challenging issues that are making Surety Bond a complete non-starter, minister has suggested to the IRDA that it should develop some model product having all the basic...