Based on the information received so far, Edison now expects a...
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Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re,...
Geopolitical and legal volatility accelerates for insurance buyers:Aon says
“Conflicts, supply‑chain disruption and sanctions exposure are...
Disasters damage $12.7 Billion of African Infrastructure annually
“Climate change is expected to increase the impact of disasters on infrastructure by as much as 27%, resulting in average annual loss of $2.4 billion,” the report said, without giving a date. “Africa is one of the most vulnerable regions to climate-related disasters.”...
JBA Risk Management launches new India Crop Model
The new model, which includes more enhanced market data, crops, seasons and districts, provides invaluable insight for the risk management and insurance pricing of India’s two primary crop insurance schemes, the yield and parametric based Pradhan Mantri Fasal Bima...
WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The rapid expansion of the P&C market is not only about scale, but also about greater capability and resilience. Insurers have become more efficient at pricing, managing and transforming risk,...
Air pollution is on the rise, says UN weather agency
“Air quality respects no boundaries. The smoke and the pollution that issues from the wildfires in this record-breaking season in the Iberian Peninsula has been detected over Western Europe already [and]…can travel basically throughout the rest of the European...
Uttarakhand HC seeks responses of RBI, telecom companies, communications ministry in ‘digital arrest’ fraud case
The bench directed that the Standard Operating Procedure (SOP) or prescribed measures to curb cybercrime be circulated to every police station Nainital: The Uttarakhand High Court Thursday directed the Reserve Bank of India, telecom companies, the Union communications...
OAK Global launches dedicated retro Syndicate at Lloyd’s
The newly formed syndicate has received in principle approval to assume business incepting 1st January 2026, targeting approximately $75 million GWP in its first year London: OAK Global today announces that it will be launching a new strategic business unit, OAK...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines will gradually erode prices, while rising claims costs, notably from more frequent and severe catastrophe losses and persistent social inflation, will pressure underwriting margins, in our base case,...
Nestle plunged into crisis as CEO fired for hiding romance with staffer
The loss of two CEOs and a chairman in a year is of historic proportions for Nestle,” said Ingo Speich, head of corporate governance and sustainability at Deka, a top-30 Nestle investor. Nestle has fired its CEO Laurent Freixe after just one year in the job after an...
Britain’s JLR hit by cyber incident that disrupts production, sales
The automaker is the latest British company to be hit by a cyber security incident in recent months amid a surge in cyber and ransomware attacks globally, as increasingly sophisticated threat actors disrupt operations and compromise sensitive data. London: Jaguar Land...