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Lloyd’s announces a new Executive Team
Commenting on the appointments, Patrick Tiernan, Lloyd’s Chief Executive. said: “We will work at pace to deliver on the market’s short-term priorities. We will also work closely with Council to develop a long-term vision for the Corporation, that will strengthen and...
Aon appoints Andy Marcell to serve as CEO of Global Solutions
Andy Marcell Marcell will remain as CEO of Reinsurance until John Neal joins Aon on September 1, 2025, and continue to report to Aon President and CEO Greg Case and serve on the Aon Executive Committee. DUBLIN: Aon plc has appointed Andy Marcell to serve as CEO of...
Pant and Patnaik take charge as new LIC MDs, FSIB to interview 4 MDs to select a new CEO soon
The MDs who will be appearing for the FSIB interview are-Sat Pal Bhanoo, Ramachandran Doraiswamy, Dinesh Pant and Ratnakar Patnaik Mumbai: Two of executive directors of Life Insurance Corporation, Ratnakar Patnaik and Dinesh Pant have taken over as managing directors...
Govt clears appointment of Sanjay Joshi as CMD of Oriental Insurance
Sanjay Joshi, CMD-designate, Oriental Insurance Company Joshi, who will get a tenure till 31 Aug,2027, will take over his new charge on Tuesday New Delhi: The government on Monday has cleared the appointment of Sanjay Joshi,57, general manager, United India Insurance,...
‘Next Covid pandemic far from over’: Delhi HC seeks details on sample collection
"Considering that the next Covid pandemic is far from over and in fact, active, amongst the community, today, as per news reports, the vacuum, if any, of steps taken post the meeting of May 30, 2023, is a serious issue," the judge said According to the Ministry of...
India’s health insurance sector faces growth and profitability challenges: Report
Another concern is the rising cost of claims. The report explained that after COVID-19, there has been a shift in focus toward critical illnesses like cancer and heart conditions. This has led to higher claim frequency and severity, putting additional pressure on...
Airlines say they are studying legal options over aircraft delivery delays
Willie Walsh, Director General, IATA Airlines would resist any attempt by planemakers or other suppliers to raise their prices due to tariffs, but that there were no signs of plane prices being pushed higher so far,IATA Director General Willie Walsh The airline...
3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA
“Gross domestic premium income(GDPI) growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-à-vis FY2025. Private insurers are expected to expand their...
Flouting of rules by pan masala manufacturers: NGT issues notice to Centre
A bench of NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel noted the submissions of the petitioner's counsel that in October 2021, the Central Pollution Control Board (CPCB) issued certain directions to 25 such manufacturers, including...
FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators
Going forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said New Delhi: Foreign investors pumped in more...
LIC tops PSUs chart with record Rs 19,013 cr profit in Q4
The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore...
Torrential monsoon rains kill at least 30 in Northeastern states
Rivers swollen by the lashing rain including the mighty Brahmaputra, which rises in the Himalayas and flows through India's northeast towards its delta in Bangladesh broke their banks across the region Guwahati: Flash floods and landslides after torrential monsoon...
Rising Resilience: With Rs154 cr net profit in Fy25,United India unveils strategies to push growth and profitability
``Focus is on to tapering down the loss ratios especially in Motor, Health and increase the profit element to further strengthen the balance sheet and improve the solvency. The long-term vision is to generate surplus in core operations and maintain a healthy...
Profits earned through ethical means create wealth for nation FM
"If you lift everyone out of poverty, give them employment, give them a certain standard of living and give them access to fundamental basic necessities, as a result, they are above where they were before, and they have greater access to the country's productive...
Higher Q4 helps clock 6.5 pc GDP growth in FY25 India world’s 5th largest economy
Finance Minister Nirmala Sitharaman The size of the Indian economy rose to Rs 330.68 lakh crore or about USD 3.9 trillion from USD 3.6 trillion in the previous fiscal 2024. This makes India the world's fifth-largest economy behind the US, China, Germany and Japan....
DBS drops plans to form an insurance partnership in India and Taiwan, bids fail to match value expectations
DBS was working with Goldman Sachs Group Inc as it weighed forming insurance partnerships in India and Taiwan, and some products in Singapore, in a transaction that could have been valued at a few hundred million dollars. DBS Group Holdings Ltd has shelved plans to...
Insurance SaaS platform Heph partners with Capri Global for distribution
Heph, India's largest Insurance SaaS Platform and a Girnar Finserv Entity has announced its partnership with Capri Global Capital known by the brand name Capri Loans, one of the Indian NBFCs. Capri has chosen Heph as its technology partner owing to its comprehensive...
Unhealthy Indian Workforce: Chronic illness hits by 40, 1 in 5 employees seek mental health support
If left unaddressed, rising rates of chronic illness, mental health struggles, and unresponsive benefits systems will erode productivity, retention, and long-term growth. The data reveals an urgent need for integrated, preventive, and inclusive healthcare strategies...