Q3 also marked the sixth consecutive quarter without an individual...
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Europe’s Summer Toll: 50,000 deaths and a €17 billion GDP hit
“We often see elderly patients become confused or have strokes or...
Led by property, India, Middle East, and Africa see rates decrease in Q3, says Marsh
Insurance rates in the third quarter decreased 14% in the IMEA...
GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact from...
UNDP and Generali Central launch insurance innovation challenge to strengthen MSME resilience in India
Angela Lusigi, Resident Representative, UNDP India India’s more than 73 million MSMEs contribute about 30% of the country’s GDP and 44% of its exports, while employing 60% of its workforce (SIDBI, 2025). Yet climate shocks, supply-chain disruption, workplace risks and...
Chhattisgarh govt blacklists Oriental Insurance for 3 yrs over delayed helicopter crash claim, insurer says claim not payble
The state's Directorate of Aviation took the action in connection with the insurance claim for a government-owned AgustaWestland helicopter that crashed in May 2022, killing two pilots `We, at OICL are very disappointed at this unjust decision on the part of...
Zurich completes Beazley acquisition, creates world’s largest specialty insurer
Following the completion of the acquisition, Kristof Terryn is appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval. Adrian Cox will be leaving Beazley as the organization begins its next phase. Zurich Insurance Group (Zurich) today...
Aon makes two leadership appointments for Japan Global Solutions
Global re/insurance broker Aon plc announced two leadership appointments for Japan Global Solutions, reinforcing the firm’s commitment to helping Japanese multinational clients address complex business, risk and people challenges through integrated global capabilities...
Everest Group appoints Nandini Mani as SVP, Group Chief Claims Officer
Everest Group, a global specialty reinsurance and insurance leader, announced the appointment of Nandini Mani as SVP, Group Chief Claims Officer, effective immediately. Mani succeeds Andrew McBride, who will retire following a distinguished career in the insurance...
Swiss Re establishes exclusive partnerships with Bajaj General Insurance in India
Andreas Berger, Group CEO, Swiss Re The plan is to provide underwriting expertise in lines of business that are critical for the continued growth of the Indian economy, including high-tech and manufacturing sectors. The partnership also intends to offer international...
French court finds Swiftair guilty of corporate manslaughter over Mali crash
A French judge ordered the company to pay the maximum fine in France of €225,000 for corporate manslaughter, “or involuntary homicide,” after a three-week trial earlier this year over the crash of a Swiftair-owned MD-83 airliner. The Paris Criminal Court found Spanish...
Bharat Maritime Insurance Pool issues 3000 Cargo War, 92 Hull War-risk and 3 P&I policies, War-risk prms fall by 35–40%
Also,for the first time, Indian companies are insuring Indian ships independently for higher-value vessels. The coverage spans Hull & Machinery, Cargo against War perils in High-Risk Area and Protection & Indemnity. New Delhi:Amidst prolonged West Asia...
Trump rejects Iran’s 7 day ceasefire proposal, prepares for military escalation after US Midterms: Report
According to the report, which quoted US officials, the US President has told aides he expects to resume bombing Iran after the November midterms. This follows his open threat of annihilating Iran made during his speech to the UN General Assembly earlier this week....