The Ministry of Finance has nominated Manoj Muttathil Ayyappan,...
Category:
Reinsurance
Latest
Govt plans to ease nuclear liability laws to attract foreign firms, sources say
A draft law prepared by the department of atomic energy removes a...
US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct...
Hard landing: Lessors lose hope of getting Russian planes back
“I’m afraid that we are going to witness the largest sort of theft of aircraft in the history of commercial civil aviation,” said Volodymyr Bilotkach, an associate professor of air transport management at Singapore Institute of Technology. Although the planes are...
Tatas mandate New India, ICICI General and Tata Aig for Air India’s $10 billion renewal cover from Apr 1
Air India's insurance renewal may not be a very comfortable affair for the Tatas from the premium point of view as London market sources point out, the aviation insurance market of late has seen significant hardening up impacted by Russian-Ukraine war and crash of a...
84 pc of Indian Firms Plan ASEAN HQ in Singapore: SC Survey
As of 2020, more than 8,000 Indian companies were registered in the country The top three identified risks are the COVID-19 pandemic or other health crises (85 per cent), the slow revival of the economy and drop in consumer spending (73 per cent), as well as...
SCOR appoints Mukul Kishore as APAC chief
Mukul Kishore, CEO, SCOR Global P&C, APAC This is the first time an Indian has been appointed at such a senior level position of the fourth largest global reinsurer In its India operations, Parag Gupta, chief underwriting officer(CUO) has been made...
Saudi Aramco storage petroleum facility hit by Houthi attack, causing fire
The Iran-aligned Houthis, who are battling the coalition led by Saudi Arabia, have intensified attacks on energy facilities in the kingdom, the world's largest oil exporter. This week, Riyadh said it would not bear responsibility for any global oil supply disruptions...
Prominent insurance brokers probed by for Bribery and Corruption by UK Serious Fraud Office
The investigation is linked to a U.S. Department of Justice probe into corruption at Ecuador’s state-run insurance fund, Seguros Sucre The insurance firm, which is in the process of being liquidated, is emblematic of a culture of graft that has kept former President...
Oscars 2022: Allianz’s Entertainment division insures half of all productions in the “Best Picture” category
Based on industry estimates, the largest film insurance market is Hollywood with approximately $400-500 million of annual insurance premiums, followed by productions from the United Kingdom with approximately $60-70 million China is growing at $45 million, as are...
Aon appoints Dai Jia to as general manager of its China ops
Dai Jia Today, Aon-COFCO is the leading provider of risk management, insurance and reinsurance brokerage in China, with over 600 employees operating in Shanghai, Beijing, Guangzhou, Nanjing, Chengdu, Shenzhen, Hangzhou and Jinan SHANGHAI:Aon-COFCO, a joint venture...
Stranded Ships: 200 container ships grounded globally over past decade
The insurance industry has always supported the development of the shipping industry providing ship-owners are taking into account the risks that accompany any increase in size. Building ships for just economies of scale is not enough, says Allianz Nearly one year...
Sanjay Godhwani appointed to new executive leadership roles at Berkshire Hathaway Specialty Insurance
Sanjay Godhwani Sanjay will be responsible for all North America Region underwriting and underwriting support groups, customer & broker engagement, and BHSI’s Global Catastrophe Engineering & Analytics group BOSTON & NEW YORK: Berkshire Hathaway Specialty...