Peiser's appointment reflects Aon's broader strategy to strengthen...
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Japan:Businesses navigating rapidly changing market and geopolitical volatility
Tatsuya Yamamoto, CEO of Japan at Aon, said, “Japanese...
Govt notifies wage revision for PSU general insurance industry
The overall hike in wage bill will be 12.41 per cent with an...
Insurance brokers should maintain high governance standards and business ethics: IRDAI member
Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO, Reliance General Insurance,Satyajit Tripathy, member, Distribution, IRDAI , Naveen Chandra Jha, MD & CEO, SBI General Insurance, Abhilash Sridharan, Partner, McKinsey & Company at a panel...
AXA wins $908 million UK court ruling against Santander over protection insurance
AXA sued at London's High Court in 2021 over losses related to over 650,000 individual customer complaints about PPI policies, one of Britain's costliest retail financial scandals, with banks paying out around 40 billion pounds in compensation. LONDON: French insurer...
Munich Re CFO Christoph Jurecka to become chairman from Jan 1,2026
Jurecka has been with the Group since 2011 and will succeed Joachim Wenning. In 2019, he had joined Munich Re’s Board of Management as Chief Financial Officer (CFO) Munich: Munich Re, the largest international reinsurer, on Wednesday has appointed Christoph Jurecka,...
ICICI Lombard and AWS enable seamless business continuity with automated Disaster Recovery solution
ICICI Lombard in collaboration with Amazon Web Services (AWS), has completed a major upgrade of its disaster recovery (DR) infrastructure from AWS Asia- Pacific (Mumbai) Region to AWS Asia Pacific (Hyderabad) Region, backed by a fully automated, cloud-native setup....
FM expands footprint in India with new innovative centre in Bengaluru and sales office in Mumbai
Complementing the Bengaluru expansion, FM will also open a new sales office in Mumbai later this year. The Mumbai office will help the company strengthen its presence in the country’s financial capital, bringing it closer to key clients and decision-makers Bengaluru:...
Natural disasters like floods emerge as top reason for buying home insurance in India: Survey
The survey highlighted that 41 per cent of the respondents in last 6 months consider natural calamities such as floods, earthquakes, and storms as the primary reason to purchase home insurance. These events have made people realise the importance of securing their...
Deadly Flash Floods in Asia and U.S: Urgent need for early warnings
“Flash floods are not new, but their frequency and intensity are increasing in many regions due to rapid urbanization, land-use change, and a changing climate. Rising temperatures play a role because each additional degree Celsius of temperature increase allows the...
Evidence shows Jeju Air pilots shut off less-damaged engine before crash, source says
The source said the evidence, including the cockpit voice recorder, computer data and a physical engine switch found in the wreckage showed pilots shut off the left engine instead of the right engine when taking emergency steps after a bird strike just before it was...
What’s in the EU’s 18th sanctions package against Russia?
Central to the package is a lower price cap on Russian oil – a move designed to shrink Moscow’s energy revenues without disrupting global markets by severing Russian supply entirely. Here are the details of the European Union’s 18th package of sanctions against Russia...
Private sector general and health insurers record higher underwriting losses in FY 25
Led by Tata AIG General insurers, which had an underwriting losses of Rs 2,229 crore, 25 e private sector multiline general insurers ‘ underwriting losses have spurted by 12 per cent to Rs 12,398 crore in FY 24-25.Similarly, with Star Health at the top, the...