Hitesh Joshi,executive director & acting CMD, GIC Re ``Keeping...
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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...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is...
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:...
Central Europe flooding could cause billions in insurance losses, analysts say
According to re/insurance broker Gallagher Re's estimate, insured losses are likely to range between EUR 2.0 – 3.0 billion (USD 2.2 – 3.3 billion) The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions,...
US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge
“The Justice Department is committed to ensuring accountability for those responsible for the destruction of the Francis Scott Key Bridge, which resulted in the tragic deaths of six people and disrupted our country’s transportation and defense infrastructure,” said...
Nearly 50% of public infrastructure unprepared for disaster management: CBRE survey
"Floods, extreme temperatures, and cyclones have become more common and severe, causing widespread damage to infrastructure, loss of lives, and disruption of livelihoods, the country is increasingly exposed to man-made risks such as industrial accidents, cyberattacks,...
Bangladesh political instability not to impact credit quality of Indian firms: CRISIL
The report said that there has also been no significant impact on India's trade with Bangladesh going forward, while the effect will vary based on industry specific exposure. Kolkata: Leading research firm CRISIL Ratings said in its report that the recent political...
Russian insurance shores up cheaper oil exports to top buyer India
By using Russian insurers, Moscow can sell the oil above a $60 per barrel price cap that the Group of Seven (G7), the European Union and Australia imposed aiming to limit Russia's oil revenue following its invasion of Ukraine. Over 60% of Russia's seaborne oil exports...
Howden forays into Japanese captive consulting and management markets with acquisition of Foresight
Takuya Aibe as CEO of Howden Japan’s retail business Foresight is headquartered in Tokyo with 17 staff across six offices and a management team that have previously held senior roles at leading Japanese insurance companies; it manages captives for 13 large Japanese...