Stakeholders examined the financial mechanisms and risk-mitigation...
Category:
Reinsurance
Latest
July rainfall brings relief, Yet agriculture risks remain: CRISIL
"Current Using its Deficient Rainfall Impact Parameter(DRIP) scores...
US-Iran strikes choke ship traffic through Strait of Hormuz
London marine insurers also reported seeing fewer inquiries for...
IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s reinsurance landscape, brings together all key stakeholders (Cedants(insurers) , Intermediaries and Reinsurers) onto a single, unified platform that transforms how reinsurance transactions totalling Rs 1.14...
Soft Market: Munich Re plans relocation of jobs to India Poland
In early January, it became known that the world's second-largest reinsurer plans to relocate jobs primarily to India and Poland as part of an efficiency program. There are no exact figures yet, its new CEO Christoph Christoph Jurecka said Munich Re is under pressure...
Beazley rejects Zurich’s take over offer
“If it makes sense for our shareholders to do a transaction, then we’ll do a transaction,” Beazley Chief Executive Officer Adrian Cox said in an interview. “It just needs to be a Premier League price for a Premier League company.” London:Beazley Plc has rejected...
Air India braces for record $1.6 bn loss after deadly Ahmedabad crash
The reversal is especially stark because Air India had been edging back toward profitability before the June Dreamliner crash — which killed more than 240 people — undid years of progress. The founders had targeted operational break-even this fiscal year, but...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore enhances the likelihood of successful completion for ecological restoration projects and provides greater project confidence. By partnering with AXA, we can scale our impact and help address one of the...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of company's operations in India's GIFT City in Mumbai on Tuesday ``We will officially commence operations in GIFT City from April 2026. India is a high growth and long term market for us. We will do all...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property catastrophe covers, reinsurers remain disciplined with terms and conditions and attachment points largely intact London: International rating agency AM Best has revised its outlook for the global reinsurance...
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...