Minister of State for Civil Aviation Murlidhar Mohol said that a...
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Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at...
Seth to take stock of Bima Sugam with insurers on Tuesday, to discuss launch of standard Health & Motor covers on e-platform
Ajay Seth,chairman, IRDAI ``We are having a virtual conference with...
FSIB selects Hitesh Joshi as new CMD of GIC Re
Hitesh Joshi,executive director & acting CMD, GIC Re ``Keeping in view of performance of five eligible candidtes in the interface, their overall experience and extant parameters, Joshi has been recommended as the CMD of GIC Re,'' said the FSIB on Tuesday Joshi,...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI's(Institute of Actuaries) total membership has fallen from around 12,000 in 2011 to...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is evolving at pace, and clients increasingly expect brokers to provide clear, quantitative insights. With CyberCube’s platform, we can enhance the sophistication of our analytics, improve the clarity of...
Govt shortlists 5 candidates for selecting a new GIC Re CMD
The officials who have been shortlisted after due delligence for the Tuesday interview are -- three senior most senior officials of GIC Re-Hitesh Joshi, executive director(ED) and acting CMD,Jayshree Bala, ED, V Balkrishna, general manager and two other private sector...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital services might work for educated customers in major cities, a "human value chain" is still required to sell products in Tier 2 and Tier 3 cities, as well as rural areas. The goal is to merge these two...
2.51 lakh UP farmers receive Rs 285 crore compensation: Adityanath
Yogi Adityanath, Chief Minister,Uttar Pradesh Addressing a programme for the distribution of assistance under the Pradhan Mantri Fasal Bima Yojana and the Mukhyamantri Krishak Durghatna Kalyan Yojana, the chief minister said that farmers who insure their crops are...
Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This acquisition marks an important milestone for Swiss Re Corporate Solutions. It allows us to expand our offering in this attractive segment by strengthening our global credit and surety platform with a...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...
Govt yet to take a finall call on stopping import of Russian oil
India’s Directorate General of Shipping has until Friday to extend the approvals of four Russian insurers, its website shows. Four other Russian ones don’t need to renew their approvals until 2029 and 2030. The Indian government must decide in the next few days...
New GIC Re CMD to be selected by FSIB on Feb 24
A few names including Ashok Lahoty,appointed actuary of state owned National Insurance Company along with three senior most officials of GIC Re,Hitesh Joshi, executive director and acting CMD,Jayshree Bala,ED GIC Re and V Balkrishna, general manager along with others...