by AIP Online Bureau | Dec 19, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
As they operate on an “aggregation” basis with marine and aviation war risk insurance, totting up the losses as one, claims in one area make reinsurers wary about the whole war risk sector, David Smith, head of hull and marine liabilities at broker McGill and Partners...
by AIP Online Bureau | Dec 19, 2022 | International News, Non-Life, Reinsurance, Risk Management, Technology
Specialists in the Lloyd’s of London and Bermuda insurance markets are requiring more transparency from crypto companies about their exposure to FTX. The insurers are also proposing broad policy exclusions for any claims arising from the company’s...
by AIP Online Bureau | Dec 18, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
Nitin Gadkari, Union Minister of Road Transport and Highways(Morth), will be formally launching the country’s first Surety Bond on Monday Bajaj Allianz General insurance, with major reinsurance back ups from Munich Re and Swiss Re has already got its Surety Bond...
by AIP Online Bureau | Nov 23, 2022 | Health, Indian News, Life, Non-Life
It also proposed that there should be no variable pay to Managing Director (MD), Chief Executive Officer (CEO), Whole-Time Directors (WTD) and Key Management Persons (KMPs) for the financial year in which the actual expenses exceed the projected expenses by more than...
by AIP Online Bureau | Nov 15, 2022 | International News, Non-Life, Reinsurance
The insurers named in the proceedings, which the filing shows were issued on Nov.3, include Lloyd’s of London Ltd., AIG Inc., Chubb Ltd. and Swiss Re AG. Leasing firms have begun pursuing claims over huge losses since losing control of more than 400 leased planes...
