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After Oil, Russia may be building a shadow fleet for gas
Gas is key to the Kremlin’s plans to boost exports, replenish...
Truecaller partners with HDFC ERGO for Fraud Insurance in India
Alan Mamedi, CEO, Truecaller commented, "Despite offering the...
Big victory for Johnson and Conservatives clears way for quick Brexit
“Boris Johnson may have a mandate to take England out of the European Union. He emphatically does not have a mandate to take Scotland out of the European Union,” said Nicola Sturgeon, SNP leader and first minister of Scotland.
Royal Caribbean cruises faces potential liability for New Zealand volcano deaths
Cruise ship passengers were among the tourists on White Island on Monday when it erupted. While no lawsuits have yet been filed, legal experts said they expected action in U.S courts by injured passengers and families of those who died.There were 47 people on the island at the time. Eight have been officially declared dead and more than 20 are being treated for severe burns
Shipping industry and insurers face uncertain new fuel risks and rule
To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to low-sulfur fuel or install exhaust gas cleaning systems from Jan. 1.
Insurers and brokers can’t set up TPAs as promoters:IRDAI
It is not immediately known in what ways new regulations will be applicable to four PSU general insurance companies , National Insurance Company, New India Assurance Company, United Insurance Company, Oriental Insurance Company and General Insurance Corporation of India, which are promoters of , Health Insurance TPA of India(HITPA), the common in-house TPA for four companies to handle health insurance claims. There are couple of insurance brokers who have set up TPAs.
French lottery operator FDJ secures counterparty risk insurance La Française des Jeux (FDJ), France’s historical lottery and main sports betting operator, has taken out a new comprehensive insurance policy with numerous top-tier French and international
According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits
Achim Kassow inducted into Munich Re Board, to be in charge of Asia Pacific and Africa
Kassow will assume responsibility for Asia Pacific and Africa as well as for the central divisions Central Procurement and Services. He has been with Munich Re Group since 2016 and is currently Chairman of the Board of Management of ERGO Deutschland AG in Düsseldorf.
Weinstein,insurers,accusers have reached tentative $47 mn settlement
The money would be paid by Weinstein Co.’s insurance firms, according to the person, who asked not to be identified because the agreement isn’t yet public. The settlement would still require the approval of the courts and the parties involved. About a third of the money is expected to go to lawyers. Weinstein Co. is in bankruptcy proceedings
Bhatnagar & Deepak P jointly to discharge the function of GIC Re CMD
This joint-in-charge at the state owned reinsurer will continue till such appointment is made to the post of CMD by the government or until further orders, whichever is earlier, said MoF order on Tuesday.
Key appointments made for governance and delivery of the Future at Lloyd’s
John Neal, Lloyd’s Chief Executive Officer, said:“Since the launch of Blueprint One, we have focused on designing a carefully structured and managed approach to planning and execution to allow regular delivery of value to the market. With robust governance and oversight now in place, and the funds for delivery secured, we have every confidence in the successful delivery of the Future at Lloyd’s.”
Victor Launches Lloyd’s Syndicate 2288
“We have extensive history with Lloyd’s as a coverholder and are delighted to broaden our strategic relationship with such a vital market. Lloyd’s digital-forward approach aligns well with Victor’s digital innovation and our international expansion plans,” said Anthony Stevens, president of Victor International.