The new group, to be called Helvetia Baloise Holding, will become...
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Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in...
Willis appoints Aon’s Anant Pawar as Aviation & Space Leader for India
Anant Pawar, Aviation & Space Leader, Willis,India Willis...
RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast
Shaktikanta Das,Governor,RBI Keeping the approach " cautious, but proactive", RBI Governor Shaktikanta Das said that the RBI is emphasizing on three different aspects which will place India in a position that would enable it to deal with the merging crisis and...
BOC Aviation says lessors seeing ‘horrendous’ hikes in insurance costs
Over 400 leased planes worth almost $10 billion remained in Russia after a March 28 deadline to cancel the contracts in line with Western sanctions over the war in Ukraine, leaving lessors facing heavy potential writedowns or a long insurance battle The likely huge...
New IRDA chief Panda launches `Reforms 2.0′ for Indian insurance industry
Debasish Panda,chairman, IRDAI ``After two-decades of liberalisation, the Indian industry is matured and have to be given more freedom in fixing market determined pricing and launching innovative products,’’ said Panda, who retired as secretary of the department of...
Air India cancels Delhi-Moscow flight over insurance issues amid war
The Air India's Delhi-Moscow flight that was scheduled to operate on Thursday stands cancelled, the sources said They stated that the flight was cancelled as it was feared that the insurance may not be valid in Russian skies New Delhi: Air India on Thursday cancelled...
Insurer Tokio Marine says Greensill took out policies fraudulently
Credit Suisse said in a statement that the insurance policies were valid, and that it would also “vigorously defend” its position to preserve the rights of the supply chain finance funds and their investors Companies linked to insolvent British financier Lex Greensill...
18th SIRC 2022 will be an in-person event during Oct 31- Nov 3, 2022
“Our unswerving focus is to ensure that this year’s SIRC is as close as possible to the last pre-pandemic event held in 2019 - delivering both leading-edge insights and unparalleled networking opportunities,” said SRA Chairman Marc Haushofer It will have an online...
London marine insurers label all Russian waters high risk
Marine insurers said any rise in premiums was expected to take a few days after a notification period Russia's maritime sector is grappling with the winding down of services including ship certification by leading foreign providers - needed for accessing ports and...
Singapore port authority probes alleged bunker fuel contamination
Marine insurer Gard said in a statement that some of the vessels it insures had suffered operational issues including blackouts, and in some cases ships needed to be towed back to port Singapore is the largest marine fuel supplier in the world and sits at the...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump
Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...