Lockton, has announced the appointment of Darshan Parikh as senior...
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Shadow tanker fleet grows more slowly as Western sanctions target Russian oil
Together with U.S. restrictions, they mean more than 440 shadow...
AI’s Ahmedabad Disaster: Crash victim’s son moves US Federal Court against Boeing
"We have hired Mike Andrews. We expect the raw details of...
Building Climate Resilience: Strategies for Indian insurance industry
Climate change is a systemic risk that demands a systemic response. As first responders to disasters, insurers must shift their mindset from viewing climate as a hazard to seeing it as a call to innovate Rakesh Jain, CEO, Reliance General Insurance India, with its...
Markel Insurance to sell reinsurance renewal rights to Nationwide
The sale is part of Markel's broader strategy to simplify operations and grow the business by empowering local expert teams to serve the distinct needs of their core specialty insurance markets. RICHMOND, Va: Markel Insurance, the insurance operations within Markel...
South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just needs to light the match,” Mpumi Tyikwe, the insurer’s chief executive officer, said in an interview in Bloomberg’s Johannesburg office last week. “We can handle a significant event now. I think anything...
Edme Insurance Brokers appoints Nitin Firke as MD, Reinsurance
Edme Insurance Brokers has appointed Nitin Firke as managing director, Reinsurance, to further strengthen its leadership team and reinforce its commitment towards building a robust reinsurance practice in India and beyond. Firke brings with him an exceptional track...
Insurance premium for aircraft expected to go up, says IndiGo CEO
The country's largest airline, which is in discussions on finalising the insurance premiums, has a fleet of over 400 planes, and the fleet is expanding. New Delhi: The insurance premium for aircraft is expected to go up as there are elements of the geopolitical...
Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which has floated three joint ventures with Germany major Allianz for foraying into Reinsurance, Life and General Insurance business, operates its financial services business through consumer-facing...
Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
Indian reinsurer GIC Re had said Air India's Ahmedabad crash claim likely to hit a total of $475 million including $350 million of liability claims involving the compensation amount for 270 people who lost their lives due to the mishap London/Mumbai: Global...
ACKO on-boards MS Dhoni as an investor and brand ambassador
Mahendra Singh Dhoni ACKO, which has also eminent IT entrepreneur Narayana Murthy as one of the founders, has not disclosed the quantum of Dhoni's investment Bengaluru: Mahendra Singh Dhoni, well known Indian cricketer, has become an investor as well as a brand...
Shippers ask to end contracts with Russian-backed refiner Nayara, sources say
India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters NEW DELHI: The owners of three vessels...
Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the hydrogen economy, enabling investment and innovation, and providing risk management advice and guidance. Collaboration and knowledge-sharing within this industry are essential for developing best practices...