Fitch expects competition to intensify as supply outpaces demand,...
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Reinsurance
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Sompo to acquire Aspen for $3.5 Billion
James Shea, CEO of Sompo P&C, said “Strategic acquisitions have...
Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric re/insurance...
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"....
Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which has floated three joint ventures with Germany major Allianz for foraying into Reinsurance, Life and General Insurance business, operates its financial services business through consumer-facing...
Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
Indian reinsurer GIC Re had said Air India's Ahmedabad crash claim likely to hit a total of $475 million including $350 million of liability claims involving the compensation amount for 270 people who lost their lives due to the mishap London/Mumbai: Global...
ACKO on boards MS Dhoni as an investor and brand ambassador
Mahendra Singh Dhoni ACKO, which has also eminent IT entrepreneur Narayana Murthy as one of the founders, has not disclosed the quantum of Dhoni's investment Bengaluru: Ace cricketer Mahendra Singh Dhoni has become an investor as well as a brand ambassador of ACKO. As...
Shippers ask to end contracts with Russian-backed refiner Nayara, sources say
India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters NEW DELHI: The owners of three vessels...
Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the hydrogen economy, enabling investment and innovation, and providing risk management advice and guidance. Collaboration and knowledge-sharing within this industry are essential for developing best practices...
New India’s net profit jumps 80% to Rs391 crore in Q1FY 26, gains market share
Girija Subramanian, CMD. NIA “ Our domestic gross direct premium during the period grew by 15.27 per cent vis-à-vis the industry which grew by 8.84 per cent. Consequently, our market share for the period increased from 14.65 per cent to 15.51 per cent. The healthy...
Companies struggle to meet rising demand for personalized benefits, Aon Survey
"Employees increasingly expect a consumer-grade experience when it comes to their benefits – one that offers meaningful choice, creates innovative solutions and aligns with their individual needs. Companies are moving in that direction and communicating their...
DIFC’s re/insurance gross premium rises 35% to $3.5bn in 2024
The insurance and reinsurance sector also experienced robust growth, with 135 related firms now operating in the ecosystem, increasing 8% from 125 in H1 2024. During the first half of 2025, it was announced that Gross written premiums reached USD 3.5bn for 2024,...