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Bagic’s T A Ramalingam takes over as first CEO of Prem Watsa’s Value Attics Reinsurance
T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who...
Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very...
Hannover Re makes insurtech innovation platform hr | equarium openly accessible
"Like a dating service for singles, hr | equarium acts as a go-between for insurers and insurtechs and has established itself in this role as the leading innovation platform," said Claude Chèvre, the responsible member of Hannover Re's Executive Board Hannover:...
WTW partners with RIMS for promoting risk management and resilient organisations in APAC
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, WTW, said,`` As the coronavirus becomes endemic, a broad set of societal risks have become ever-present in business decision making for all organisations today High...
Explainer: Can companies leaving Russia recoup losses through insurance?
Vladimir Putin,President,Russia Companies that leave and abandon their business without any action taken by the Russia government to seize control of their assets will have a tough time collecting insurance, according to legal experts "You see companies saying 'we're...
U.N. to roll out global early-warning systems for extreme weather
Petteri Taalas, Secretary-General, World Meteorological Organization With the trend expected to worsen as global temperatures continue to climb, "there is a need to invest $1.5 billion" in the next five years to predict when extreme events might occur, said World...
Hackers hit authentication firm Okta, drawing concern across security industry
The screenshots were posted by a group of ransom-seeking hackers known as Lapsus$ on their Telegram channel late on Monday. In an accompanying message, the group said its focus was "ONLY on Okta customers." 'BE VERY VIGILANT' Okta Inc, whose authentication services...
U.S. SEC proposes companies disclose range of climate risks, emissions data
It would also require companies to disclose greenhouse gases generated by suppliers and partners, known as Scope 3 emissions, if they are material or included in any emissions targets the company has set SEC chair Gary Gensler said the agency was responding to...
Insurers face substantial losses from planes grounded in Russia, may lead to hardening of premiums: Fitch Ratings
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. ``We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and cutting...
GIC Re’s Madhulika Bhaskar appointed as acting CMD of New India Assurance
Madhulika Bhaskar Unlike the old practice, where normally two general managers of a PSU general insurance company, where the vacancy is occurring, are given charge as an interim arrangement till a regular CMD is appointed, this is for the first time, a general manager...
New Zealand enacts a new law to modernise natural hazard insurance
The Bill’s name - Natural Hazards Insurance Bill - recognises the fact that EQC’s mandate extends further than just helping people recover from earthquakes. In fact, its insurance scheme also covers landslips, volcanoes, tsunami and hydrothermal activity. Making this...
Boeing’s tenuous recovery shaken by 737 Jet crash in China
It’s too soon to know what caused the China Eastern accident, and investigations can take months or years to unfold. The lost airplane was relatively young, flying commercially for about seven years. Leading causes of such accidents tend to be maintenance issues,...