Shipping traffic passing through the crucial waterway at the...
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Reinsurance
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Moody’s upgrades Peak Re’s rating to A3 with Stable Outlook
We are now even better positioned to act as a strategic partner,...
Swiss airplane catches fire during takeoff, Delhi airport declares emergency; 4 injured say sources
Assessing the situation, the crew members immediately declared an...
IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC
(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI, Hasmukh Adhia,chairman, GIFT-City,K Rajaraman, chairman, International Financial Services Centres Authority(IFSCA),M Nagaraju, Secretary, Department of Financial Services and Mahipal Reddy, executive...
Factory Mutual opens its Mumbai office
Lto R- Srini Krishnamurthy, senior Vice President, FM operations India, Malcom C. Roberts, Chairman & CEO at the Mumbai Office Opening “Our growing operations in India reflect both a global and local commitment. By combining world-class expertise with...
Saudi Re launches operations in GIFT-City
```We have a national expansion strategy, and that's where we identify India to be a key growth engine for us.Indian market could be also be a hub to serve the region,’’ said Ahmed Al-Jabr, Chief Executive Officer, Saudi Re while addressing the industry players...
Shefali Sehwani succeeds Shankar Gargipathy as Lloyd’s India CEO
Shefali Sehwani, country manager & CEO, Lloyd's India Currently, Lloyd's has one of its Syndicates, Markel , operating in India.Lloyd's also is diversifying its India exposure by venturing into the GIFT-IFSC, India's sole Internationbal Financial Services Centre...
Surging oil tanker insurance points to growing Black Sea chaos
Underwriters are now charging about 1% of the value of a ship for calls at any port in the region, according to people involved in the market. That’s up from about 0.7% at the end of last month. The cost of insuring ships sailing through the Black Sea is surging...
AM Best maintains stable outlook on India’s non-life insurance segment
“India’s long-term economic outlook remains favourable for non-life insurance growth despite the near-term moderation,” said Chris Lim, associate director, analytics, AM Best. Singapore: International rating agency AM Best has maintained its outlook on India’s...
Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at no 2 in Asia Pacific
"Following the volatility and uncertainty of 2025, businesses continue to face interconnected and highly complex risks in 2026's fast-changing environment. Given the continuing rise of AI across society and industry, it is unsurprising that it is the big mover in the...
Allianz Jio Reinsurance applies for a license from IRDAI, starts leadership hiring
``We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity.As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services...
Black Sea war insurance rates jump after tanker attacks, sources say
``Black Sea war rates were extremely volatile and were changing on a daily basis.Right now, they are spiking due to a number of incidents, and we wouldn’t be surprised to be quoted in excess of 1%, dependent on the vessel’s value, ownership or proposed port of call,,...
“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers
Nagaraju also stressed that high priority should be given to the timely resolution of public grievances and to ensuring seamless and prompt claims processing, in order to provide efficient services to customers. New Delhi: Outlining the action plans for PSU insurers...