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Geopolitical Risks: Venezuela and the shifting map of insurance risks in the Caribbean
While Venezuela has long been a marginal market for most...
Govt may approve PSU gen insurers’ wage revision proposals by Feb 15
Parshant Kumar Goyal, joint secretary, DFS In a meeting of all...
Tokio Marine Kiln and Marsh launch exclusive $50 million market-first trade disruption facility for ports and terminals
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...
Reinsurers differ on expectations for pricing in Jan 2025 renewals: Fitch survey
``We believe the pricing cycle has most likely passed its peak and we expect a softer market in 2025 due to the sector’s abundance of capital. We recently revised our global reinsurance sector outlook to ‘neutral’ from ‘improving’ to reflect this,'' said Fitch London:...
20TH SIRC: Singapore Dy PM Gan Kim Yong to deliver keynote address
“With the strong line-up of panels and a dynamic meeting agenda fostering robust debate, we are excited to bring the global industry together for yet another year to shape the future of the reinsurance industry,'' Marc Haushofer, Chair of the SRA Singapore: The...
Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical Officer, APAC, said, “As Indian businesses continue to grow, Zurich Kotak is well-positioned as a key risk management partner, helping commercial customers better understand and navigate current and...
Mercedes Benz fire incident may slow down EV transition in South Korea
Although batteries are a critical component in electric cars and can pose serious safety risks if not properly manufactured or managed, automakers have so far kept the identity of their battery suppliers confidential, not just in Korea but around the globe. A...
MGU Fidelis Partnership concludes $2bn refinancing transaction led by Blackstone for business growth
The MGU plans to expand in the Middle East, Africa, Asia and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd’s licensing and TFP’s new Abu Dhabi office PEMBROKE, Bermuda: The Fidelis Partnership (“TFP”), a...
French reinsurer CCR Re changing name to Arundo Re from next Jan 16
CCR remains a minority partner with a 25 per cent stake in the reinsurer. The deal allowed CCR to help make CCR Re fully autonomous and to implement an industrial and social project. CCR has a put option and would be able to sell its residual interest in 2026 Paris:...
Charles Roxburgh KCB to succeed Carnegie-Brown as chairman of Lloyd’s from May,2025
Sir Charles Roxburgh KCB , chairman-designate, Lloyd's of London ``I look forward to working with the Council, with John and the strong executive team, and with the wider Lloyd’s market to guide Lloyd’s to even greater success in the future” Sir Charles London:...