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Apr1 Renewals: New reinsurance opportunities in Indian market

Apr1 Renewals: New reinsurance opportunities in Indian market

by AIP Online Bureau | Apr 3, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Regulation, Reinsurance, Risk Management, Technology

In contrast to last year’s renewal, 4/1 saw a resurgence in property catastrophe capacity. While there were few new players in the market, existing reinsurers demonstrated an increased appetite to grow their property catastrophe books in India. However,despite excess...
Andreas Berger to succeed Christian Mumenthaler as group CEO of Swiss Re from July 1

Andreas Berger to succeed Christian Mumenthaler as group CEO of Swiss Re from July 1

by AIP Online Bureau | Apr 3, 2024 | International News, Reinsurance

Andreas Berger, group CEO designate, Swiss Re Jacques de Vaucleroy, Swiss Re’s Vice Chairman of the Board of Directors, said,”The Board unanimously determined that Andreas Berger is the right person to build on the firm’s current momentum and lead...
Strong earthquake strikes Taiwan, tsunami waves detected in Japan

Strong earthquake strikes Taiwan, tsunami waves detected in Japan

by AIP Online Bureau | Apr 3, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Taiwanese television showed buildings in Hualien shaken off their foundations. The strong quake knocked out power in several parts of the city In the capital, Taipei, tiles fell from older buildings and within some newer office complexes. Train service was suspended...
Philippines warns of tsunami, orders evacuations after Taiwan quake

Philippines warns of tsunami, orders evacuations after Taiwan quake

by AIP Online Bureau | Apr 3, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

Coastal areas in 23 provinces from the north to the south of the archipelago nation, but not the capital Manila, “are expected to experience high tsunami waves” based on tsunami wave models, the state seismology institute said in an advisory MANILA: The Philippines...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

by AIP Online Bureau | Apr 2, 2024 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Risk Management, Technology

“No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA’s new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the...
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