Magma General Insurance has announced a strategic partnership with...
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Markel launches first-of-its-kind affirmative cyber product for collateral war cover
Chris Burgess, Director of Cyber at Markel International,...
UK’s financial regulator to relax rules for pushing insurance to large companies
The changes aim to better differentiate big corporates from smaller...
Talent Hunt: IRDA offers Rs 1.5 crore of annual package to a new CEO of Insurance Information Bureau
New IRDAI chairman Debasish Panda has already made his intention public to broadbase the ownership of the Insurance Information Bureau of India and has suggested that instead of the IRDAI, let the insurers through their representative body General Insurance Council...
Stuart McMurdo to succeed Michel Blanc as SCOR’s CEO of Reinsurance
Catherine Fassi will replace Stuart McMurdo as Regional CEO of EMEA and Canada for P&C, effective July 1st, 2022 Paris: After 31 years with SCOR, Michel Blanc will retire in January 2023. He will be succeeded as CEO of Reinsurance by Stuart McMurdo. Michel and...
Ukraine grain can be shipped and insurers after removal of Black Sea mines
“It’s not safe for ships to get in or get out at the moment. Until the mines are swept, that situation is not going to change,” said Guy Platten, secretary general of the International Chamber of Shipping, which is also working on opening up maritime channels As the...
Businesses need to prepare for a rise in social unrest incidents: Allianz
Strikes, riots and violent protest movements pose risks to companies because in addition to buildings or assets suffering costly material damage, business operations can also be severely disrupted with premises unable to be accessed, resulting in loss of income. In...
Report casts doubt on net-zero emissions pledges by big global companies
Roughly half of the Forbes 2000 largest companies have yet to announce plans to reach net-zero — the point at which greenhouse gas emissions are negated by deep cuts in output as well as methods to absorb atmospheric carbon dioxide. Of the 702 companies with a...
Gadkari summons IRDA and CEOs of general insurance cos to take stock of Surety Bonds
Nitin Gadkari, union minister for Road Transport & Highways Though, the government and the IRDA have allowed the general insurers to launch Surety bonds since April 1, no insurers have been able to do it as there are lot of technical and legal gaps needs to be...
AirAsia India’s 2 planes operating on Delhi-Srinagar route face technical snags mid-air, return
When asked about this incident, AirAsia India spokesperson said, ''AirAsia India confirms that flight i5-712 from Delhi to Srinagar had to return back to Delhi on account of a technical snag. The aircraft is being operated after rectification of the snag to recover...
Africa: Major insurers and banks join hands to manage biodiversity risks
Responsible management of Africa’s natural capital, including its water, soil and forests, “creates fantastic opportunities and contributes to the growth and development of the continent,” Rachael Antwi, group head of ESG at Ecobank said Financial institutions that...
Russia’s state-owned RNRC to reinsure Russian oil shipments
The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...
Yellen says insurance ban on tankers could lock in Russian Oil
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...