A draft “Policy framework and guidelines addressing State’s...
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Pradhan Mantri Fasal Bima Yojana: Losses by wild animals as add on cover allowed at cost of state government
The Pradhan Mantri Fasal Bima Yojana (PMFBY), introduced in the...
Budget 26-27:Ensuring macro stability, policy clarity and gowth opportunity
As India moves confidently towards its vision of Viksit Bharat,...
Geopolitical Risks: Venezuela and the shifting map of insurance risks in the Caribbean
While Venezuela has long been a marginal market for most international insurers, the current situation matters because it could disrupt regional transport corridors and trade routes covered by global insurers Recent geopolitical developments in Venezuela have brought...
Govt may approve PSU gen insurers’ wage revision proposals by Feb 15
Parshant Kumar Goyal, joint secretary, DFS In a meeting of all stakeholders, including chief labour commissioner(CLC), today, Parshant Kumar Goyal, joint secretary, DFS assured that the Feb 15 deadline will be the maximum timeline and the department try to get the...
Berkshire Hathaway raises new CEO’s salary to $25 million
Compensation for Greg Abel set by Mr. Buffett during that period, and included a $21 million salary in 2024, a $20 million salary in 2023, and a $16 million salary plus a $3 million bonus in 2022.Mr. Buffett awarded Vice Chairman Ajit Jain, who oversees Berkshire’s...
Joshi gets another 3 month extension as acting GIC Re CMD
The government has extended the appointment of Hitesh Ramesh Chandra Joshi, executive director, GIC Re, as acting CMD of the state owned reinsurer for a further period of three months or until a regular CMD is appointed, or until further order, whichever is earliest,...
MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals further expansion.Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse catastrophe risks....
Global reinsurer capital reach a new high of $760 billion by September 30, 2025: AoN
Insurers were able to achieve significant decreases in pricing and improved terms at renewal.Competition was particularly fierce in the U.S. property catastrophe market, with preferred risks typically achieving strong double-digit rate reductions at 1/1.Property...
Jan1 Renewals:Most areas of market record price decreases, Conditions expected to persist into 2026, says Howden
This backdrop brings opportunities across the value chain. Buyers are benefitting from rate reductions and improved terms as supply exceeds demand in most areas whilst underwriting performance remains strong, delivering healthy profits and returns on capital.Buyers...
GIC Re set to expand its global business in Jan1 renewals
Globally reinsurance buyers enter the January renewal season with strong momentum. Exposures are evolving, demand is growing, capacity is abundant backed by industry capital is at record levels. Despite lingering headwinds, the market is well-positioned to support...
Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned the growing reliance on cross-border reinsurance suggests that the domestic market’s capacity may not be keeping pace with the specialized or large-scale risk transfer needs of Indian insurers,...
Jan1 Renewals:Market softens as reinsurers grow capital following strong returns, GC Report
Dean Klisura, President and CEO, Guy Carpenter Reinsurer return on equity is estimated to be 17%, with dedicated reinsurance capital growing another 9% in 2025, said the report.Insured catastrophe losses are estimated to be $121 billion in 2025, 18% below the...