The team will sit within Miller’s Professional & Financial...
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Govt wants insurance payouts to replace its compensation in managing natural disasters: DFS Secy
L to-R-Hitesh Kotak, Chief Executive, Japan, India, Korea, and...
AXA XL Insurance appoints Sylvie Gleises as Regional Chief Executive Officer, Asia
Sylvie Gleises as Regional Chief Executive Officer designate), AXA...
Britain proposes post-Brexit changes to insurer capital rules
Britain inherited the so-called Solvency II rules from the European Union, and reforming them is seen by industry and government as a key reform after Brexit to keep the financial sector globally competitive London: Britain launched on Thursday a public consultation...
US Cyber insurance sees rapid premium growth, declining loss ratios: Fitch
A sharp increase in 2020 cyber loss ratios promoted substantially higher prices and rapid premium growth in 2021 that exceeded incurred losses, leading to surprising improvement in the cyber direct loss ratios versus the previous year Fitch estimates that standalone...
Largest public pension fund CalPERS wants Buffet’s replacement as Chairman of Berkshire Hathaway
Warren Buffett, chairman, Berkshire Hathaway Inc. CalPERS said it invests more than $450 billion, including more than $2.3 billion in Berkshire shares. Berkshire plans for Buffett’s son Howard Buffett to become non-executive chairman after his father’s departure,...
Sikkim disaster management authority, GSI sign MoU for early warning system for rainfall, landslides
Explaining the basic objective of the initiative, Raju said that the GSI proposed to share relevant and timely data on landslides to the state disaster management authority, which would go a long way in saving lives and properties of people as and when such natural...
Swiss Re chairman re-elected despite proxy adviser raising concerns about diversity
Sergio Ermotti, chairman, Swiss Re ISS recommended shareholders oppose the reappointment of Ermotti as a “signal of concern” over the lack of gender diversity on the reinsurer’s board. Ermotti told shareholders in a webcast that “abilities and experience” are also...
EU sanctions tweak allows some plane owners to sell to Russia
Under the amended provision, no economic resources can be made available to the Russian counterpart, except to transfer ownership of the plane after the EU company has been fully reimbursed An amendment to European Union sanctions last week created a potential path...
Indian insurance industry has managed Covid 19 crisis well: III Survey
From(L to R) Dilip Ukey, vice-chancellor, Maharashtra National Law University,Sharad Mathur, MD and CEO, Universal Sompo General Insurance, Devesh Srivastava, CMD, GIC Re at an event in Mumbai to release survey reports prepared by Insurance Institute of India The...
Worldwide COVID cases surpass 500 mln as Omicron variant BA.2 surges
Roughly 64.8% of the world population has received at least one dose of a COVID vaccine, although only 14.8% of people in low-income countries have received at least one dose, according to figures from Our World in Data Since 2020, about 37% of the world's COVID cases...
South Africa’s deadliest floods in nearly three decades claim more than 250 lives
“The damages seem quite severe and we have received a significant volume of claims. We expect a significant number of new claims will be reported in the coming days, and we have mobilized our teams to deal with the expected volumes to ensure continuity of customer...
TMK launches IP Abatement Insurance for US-based SMEs
Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...