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SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses
“Our parametric insurance model ensures that financial assistance...
200 aircraft leased out from Gift City: Civil Aviation Minister Naidu
India had 340 aircraft in 2014 and that number has increased to 840...
China asks state insurers to review exposure to Russia, Ukraine
The development underscores Beijing’s efforts behind the scenes to minimize risk to its own institutions even as it continues to maintain strong trade ties with Russia in the face of crippling sanctions imposed by the West on that country Beijing: China has told top...
Global nonlife insurers leverage innovation for financial strength: AM Best
The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...
Lloyd’s of London says Russia, Belarus represent less than 1% of business
"We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets," Lloyd's said in a statement on its website dated March 14 LONDON: Russia...
Gallagher rebrands its Indian broking outfit
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: "This marks the first time the standalone Gallagher brand has been used in India and is a significant step as we continue to expand our footprint globally. We view...
SCOR Investment Partners launches an ESG focused debt fund
SCOR Infrastructure Loans IV, available to institutional investors, has secured an investment commitment of EUR 150 million from SCOR, the company’s anchor investor, and has a target fund size of between EUR 750 million and EUR 1 billion. Paris: SCOR Investment...
Chinese virus cases climb, raise threat of trade disruption
The restrictions have wider potential ramifications, coming at a time when the global economy is under pressure from Russia's war on Ukraine, surging oil prices and weak consumer demand. "We can think of no risk to the global economy, excluding nuclear warfare, that...
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Warren Buffett, chairman, Berkshire Hathaway The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.Though...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
ICEYE and Fermat Capital Management enter strategic alliance
Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...
Russian airlines will keep planes leased from foreign firms
A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...