The vast majority of the $2.8 billion will be absorbed by the...
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US not to lift naval blockade of Iran’s ports till Tehran agress to end its nuclear program:Trump
President Donald Trump The blockade lies at the heart of the...
Transactional risk insurance gains traction in India
Aditya Samag, Private Equity and M&A Leader, Marsh India,...
Liberty appoints Edrick Tang as senior underwriter, Fine art and specie, Asia Pacific
Fine art and specie is a key area of growth for Liberty, particularly in the Asian market, which is developing rapidly. There is a notable increased appetite from brokers and assureds, which Liberty is responding to by establishing a footprint in the region....
Adam Sullivan appointed CEO of Asia for Gallagher Specialty
Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today announced the appointment of Adam Sullivan as CEO of its specialty operations in Asia. The business supports clients across sectors including energy, marine, heavy industry, mining, property and financial...
IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s reinsurance landscape, brings together all key stakeholders (Cedants(insurers) , Intermediaries and Reinsurers) onto a single, unified platform that transforms how reinsurance transactions totalling Rs 1.14...
Soft Market: Munich Re plans relocation of jobs to India Poland
In early January, it became known that the world's second-largest reinsurer plans to relocate jobs primarily to India and Poland as part of an efficiency program. There are no exact figures yet, its new CEO Christoph Christoph Jurecka said Munich Re is under pressure...
Beazley rejects Zurich’s take over offer
“If it makes sense for our shareholders to do a transaction, then we’ll do a transaction,” Beazley Chief Executive Officer Adrian Cox said in an interview. “It just needs to be a Premier League price for a Premier League company.” London:Beazley Plc has rejected...
Air India braces for record $1.6 bn loss after deadly Ahmedabad crash
The reversal is especially stark because Air India had been edging back toward profitability before the June Dreamliner crash — which killed more than 240 people — undid years of progress. The founders had targeted operational break-even this fiscal year, but...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore enhances the likelihood of successful completion for ecological restoration projects and provides greater project confidence. By partnering with AXA, we can scale our impact and help address one of the...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of company's operations in India's GIFT City in Mumbai on Tuesday ``We will officially commence operations in GIFT City from April 2026. India is a high growth and long term market for us. We will do all...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property catastrophe covers, reinsurers remain disciplined with terms and conditions and attachment points largely intact London: International rating agency AM Best has revised its outlook for the global reinsurance...