Girija Subramanian, CMD. NIA “ Our domestic gross direct premium...
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Companies struggle to meet rising demand for personalized benefits, Aon Survey
"Employees increasingly expect a consumer-grade experience when it...
DIFC’s re/insurance gross premium rises 35% to $3.5bn in 2024
The insurance and reinsurance sector also experienced robust...
18th SIRC opens for registration, 4-day hybrid event to begin on 31Oct
“With the theme ‘RE-CONNECTING ..RE-SHAPING THE FUTURE!’, the upcoming 18th Singapore International Reinsurance Conference (SIRC) will be held from 31 Oct to 3 Nov 2022.It will be organised as a hybrid event – principally in-person, with a virtual segment for those...
Volkswagen faces mounting scrutiny on human rights violations in China, risk insurance declined by Berlin
Berlin recently declined a Volkswagen request to renew risk insurance for the company’s Chinese operations over the human rights concerns, according to a person familiar with the matter Volkswagen AG faces mounting pressure to address allegations of human rights...
Sovcomflot fleet fully covered by Russian insurers, CEO says
Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. “Currently, the company’s fleet is almost fully busy in shipping hydrocarbons, cargoes are delivered to different parts of the world.” Moscow: Russia’s state-run Sovcomflot...
Floods in Indian NE states and Bangladesh, 11more dead, 47 lakh affected in Assam
Dhaka/Guwahati: Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing transport links, authorities said Saturday. In India’s Assam...
AXA XL appoints HaoMing Zhou as country manager, China – Insurance
Gilles Fromageot, Regional Manager, Asia, AXA XL said “As the risk landscape and economic conditions continue to evolve, businesses are faced with new challenges every day, further increasing the need for an expert partner.” AXA XL Insurance today announced the...
Fairfax Financial to sell pet insurance operations to Germany’s JAB in $1.4 bln deal
Fairfax, the Canadian investment company headed by well known contrarian investor Prem Watsa, will sell its interests in Crum & Forster Pet Insurance Group and Pethealth Inc including all of their worldwide operations to JAB's pet insurance unit for $1.15 billion...
Russia-Ukraine War: Indian general insurers form Rs 500 crore `Pool’ to cover Fertiliser shipment, may include Oil later
The `Pool’, which only covers the Cargo and not the Hull, was initiated at the instance of ministry of finance, is already in place this week after receiving due approvals from the insurance regulator IRDAI Effectively, any claim within Rs 500 crore per shipment of...
Rating Action: Moody’s places Peak Re’s ratings on review for downgrade
The review for downgrade on Peak Re's A3 IFSR follows Moody's rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re's majority shareholder, Fosun International Limited (Fosun, Ba3 review for downgrade). The rating...
Beazley launches a D&O solution for crypto companies
Luisa Celentano, Underwriter, D&O Specialty Risks said: “The crypto market is growing rapidly, and becoming increasingly mainstream. Crypto firms face a myriad of risks from extreme volatility to a lack of regulation, and they also have to contend with different...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman
Bruce Carnegie-Brown, chairman, Lloyd's ``It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on the...