Prior to this role, Bernhard Kaufmann was Chief Risk Officer at NN...
Category:
Reinsurance
Latest
Ratings: Crisil affirms New India, downgrades National Insurance and United India
NIA's rating is driven by the company’s leadership position in the...
Lloyd’s broker UIB charged by UK over alleged Ecuador bribes
UIB sold reinsurance services to state-backed insurers covering...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Swiss Re shareholders urged to oppose chairman’s re-election in gender row
"At Swiss Re, we embrace and build diversity, equity and inclusion, bringing together the best of multiple generations, cultures, skillsets and thinking," the company said in a statement to Reuters ZURICH: Swiss Re shareholders have been urged to vote against the...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...
Global leasing companies had until Monday to sever ties with Russian carriers under Western sanctions imposed over Moscow’s invasion of Ukraine, but executives say only a fraction of the more than 400 jets directly involved have been returned Russia’s airline...
Apr 1 renewals: Hannover Re rules out any price hike for Indian market
The renewals in India in P&C(Property & Casualty) should be relatively stable both on the proportional and on the non-proportional side. 2021 has been a benign year for us from catastrophic losses point of view in India. said Sven Althoff, member, (P&C),...
Russian tankers going dark raises flags on sanctions evasion
As more countries and businesses shun commerce with Russia, the country’s fleet will be under pressure to conduct dark activity and even engage in illicit shipping to stay afloat, said Ian Ralby, chief executive of I.R. Consilium, a maritime law and security...
Irish lessors terminated all Russian airline leases: ALI
Brussels gave lessors until Monday to wind up current rental contracts in Russia under tough sanctions imposed after Moscow’s invasion of Ukraine, leaving them facing heavy potential writedowns or a long insurance battle All Irish lessors terminated their Russian...
China examines black boxes of crashed jet, looking for more plane debris
“Large-scale air crash investigations that only rely on data provided by the black boxes are often insufficient to tell the full truth of the incident,” Zhu Tao, head of the aviation safety office at Civil Aviation Administration of China, told a press conference...
World largest trade credit insurance Euler Hermes rebrands itself as Allianz Trade
``Changing our brand name to Allianz Trade means reinforcing our position as a global player. With the new brand name, we will benefit even more from the reputation and strength of the Allianz Group, which has an extensive global network of expertise,'' said the...