Rishi Mehra, CEO, India and Head of Strategy, Human Capital, Asia...
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Reinsurance
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Aon appoints Nick Fraccalvieri as CEO of global facultative for its Reinsurance Solutions
In his new role, Fraccalvieri will be responsible for setting the...
Bayer proposes $7.25 billion plan for all Roundup cancer cases
The plaintiffs say they developed non-Hodgkin lymphoma and other...
APAC records significant rise in cyber claims driven by rising frequency and sophistication, Aon report
“As cyber threats grow more complex and interconnected, companies need a clearer view of their exposure,stronger alignment between cyber security and insurance strategies, and the tools to make better, data-driven decisions,” AdamPeckman, head of risk consulting and...
Wildfires and severe thunderstorms in the US drive global insured losses to $80 billion in first half of 2025
The wildfires that swept through parts of Los Angeles County in January constitute the largest-ever insured wildfire loss event by far, resulting in estimated insured losses of USD 40 billion. Zurich: Global insured losses from natural catastrophes reach USD 80...
Rising AI-driven cyber attacks and geopolitical tensions hit India Inc, says Aon
Prasanna Kumar, head of cyber solutions for India at Aon, said, “We are witnessing India adopt AI at a rapid pace, which brings a host of new risks. Data poisoning attacks can compromise the integrity of critical AI systems and deepfake technology is now being used to...
India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world’s biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities (ILS) and support initial issuance by way of cost subsidy/ grant on the lines of Singapore and Hong Kong. These incentives are important for creating a conducive ecosystem for ILS in the initial years, G...
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
During a virtual interaction post announcing the June quarter results, Elbers said the insurance premiums always follow some of the trends in the market and "we do expect them to go up and we're still finalising some of the discussion in what magnitude that would be"....