These changes and new leadership roles recognise the significant...
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Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders
Globally, private credit has grown into a $1.7 trillion market....
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance...
Mahindra Insurance Brokers launches its new reinsurance division in Dubai International Financial Centre
Salman Jaffery, Chief Business Development Officer of DIFC Authority, said: “We are delighted to welcome Mahindra Insurance Brokers to DIFC. The firm joins over 125 registered insurers, reinsurers, captives, MGAs and insurance-related entities in the Centre. Our...
Africa Specialty Risks to operate as a Lloyd’s service company on behalf of ASR Syndicate 2454
ASR Ltd is now able to write up to USD $10 million per risk across its Political Violence and Terrorism, Energy, Construction, Property, and Liability lines of business, with additional lines to be added, subject to necessary approvals London: Africa Specialty Risks...
More than 1-in-3 people globally vulnerable to flood Risk, says Moody’s
South Asia is the most flood-prone region, with almost 40% of its inhabitants susceptible to inland flooding and just over 5% at risk from coastal flooding at the 100-year return period level London: As the Southeastern US and central Europe contend with the aftermath...
Maharashtra: 2 pilots among 3 killed as helicopter crashes in Pune
The helicopter belonging to the Delhi-based Heritage Aviation, a private firm, took off from the Oxford County Golf Course helipad in Pune and was heading to Juhu in Mumbai when it crashed at 7.40 am, they said. The reason for the crash is yet to be ascertained Pune:...
Port strike will paralyze half of US trade and cargo carriers
Oxford Economics estimated that a strike would cost the US economy $4.5 billion to $7.5 billion a week — a hit to gross domestic product that would be reversed after it’s over and shipments resume The world’s top container carrier is urging customers to move US cargo...
Marsh McLennan strikes $7.75 bln deal for McGriff Insurance Services
Marsh McLennan said it expects the deal, struck through its Marsh McLennan Agency business, to enhance the unit's capabilities across commercial property and casualty, employee benefits, management liability and personal insurance lines Marsh McLennan, the largest...
Tata iPhone component plant halts production indefinitely after fire
The fire broke out at the plant in Tamil Nadu state early on Saturday, leaving 10 people with minor injuries and halting production. It is the latest incident to affect Apple's iPhone supply chain in India just as the tech giant is looking to diversify beyond China...
Floods and landslides kill 60 people in Nepal
The National Disaster Risk Reduction Management Authority (NDRRMA) also issued warnings for 56 out of 77 districts about possible disasters advising people to exercise caution Kathmandu [Nepal]: At least 66 people have been killed in Nepal since early on Friday as...
Lok Adalat settles Rs 4.50 cr compensation for Kin of IT employee killed in an accident
Pankaj Ramesh Shedge, who was a senior employee of an IT company located at Irvine in California of the USA, earned an annual salary of USD 110,000. On December 9, 2022, when he was going on his scooter on Panvel-Mumbra Road, he was hit by a truck, which ultimately...
Ardonagh’s A$2.3 billion acquisition receives approval from PSC shareholders
“Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies. PSC’s culture and values are closely...