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Munich Re America Partners with BriteCore to Offer Personal Inland Flood Coverage in the U.S. to Insurance Carriers

by AIP Online Bureau | Oct 25, 2018 | International News, Reinsurance

  PRINCETON N.J A personal lines flood endorsement from Munich Reinsurance America, Inc. (Munich Re America) is now available in the U.S. to insurance carriers and their agency partners that use BriteCore, a modern web-based insurance administration platform....

French reinsurer Scor posts profit in defence against Covea bid

by AIP Online Bureau | Oct 25, 2018 | International News, Reinsurance

   Paris:  French reinsurer Scor delivered a third quarter net profit on Wednesday, saying this helped justify its rejection of last month’s 8.2 billion euro ($9.4 billion) bid by rival Covea.   “This performance bears witness to the...

Tokio Marine Kiln stops Hong Kong operations

by AIP Online Bureau | Oct 25, 2018 | International News, Reinsurance

  London: Tokio Marine Kiln (TMK) today announced a reorganisation of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect and making arrangements over...

#MeToo: Rajnath Singh-led GoM to look into sexual harassment at workplace

by AIP Online Bureau | Oct 24, 2018 | Indian News, Risk Management

  New Delhi: A Group of Ministers, headed by Home Minister Rajnath Singh, has been constituted by the government to strengthen the legal and institutional frameworks to deal with and prevent sexual harassment at workplace.   The members of the GoM are Road...

SBI Gen records a net profit of Rs 217 cr, up 65 per cent,U/W profit at Rs 37 cr in H1 2018-19

by AIP Online Bureau | Oct 24, 2018 | Indian News

  Mumbai: SBI General Insurance, at Rs 217cr, has recorded a 65 per cent jump in its net profit during  H1 18-19 vis-à-vis Rs 132 cr for H1 17-18. The eighth largest private general insurance player has witnessed a sustainable...
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