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Banks and insurers deliberate India’s upstream reforms agenda and investment opportunities
Perspectives were also shared by financial institutions and insurers including the State Bank of India, New India Assurance and Bajaj Allianz, covering risk assessment frameworks, exposure considerations, bank guarantee structures and emerging risk-mitigation...
NITI Aayog suggests setting up of national agency to implement green transition for MSMEs
The NPMA should identify interested MSME clusters and industrial associations by floating an expression of interest (EoI) that details the cluster selection process for the implementation of identified solutions," the report said, adding that MSME clusters can form...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore enhances the likelihood of successful completion for ecological restoration projects and provides greater project confidence. By partnering with AXA, we can scale our impact and help address one of the...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of company's operations in India's GIFT City in Mumbai on Tuesday ``We will officially commence operations in GIFT City from April 2026. India is a high growth and long term market for us. We will do all...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property catastrophe covers, reinsurers remain disciplined with terms and conditions and attachment points largely intact London: International rating agency AM Best has revised its outlook for the global reinsurance...
IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC
(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI, Hasmukh Adhia,chairman, GIFT-City,K Rajaraman, chairman, International Financial Services Centres Authority(IFSCA),M Nagaraju, Secretary, Department of Financial Services and Mahipal Reddy, executive...
Trump’s Greenland threat puts Europe Inc back in tariff crosshairs
The shock move has rattled through industry and sent shockwaves through markets amid fears of a return to the volatility of last year’s trade war, which was only eased with tariff deals reached in the middle of the year. LONDON/FRANKFURT/PARIS: Just as European...
LIC chief expresses concern over continued stagnation in number of policies in force
Swaminathan S. Iyer, Member (Life), IRDAI,Dinesh Pant, managing director, LIC, R. Doraiswamy, CEO and Managing Director, LIC and BC Patnaik,director, NIA at the 27th Annual C. D. Deshmukh Memorial Seminar, organised by National Insurance Academy (NIA), Pune, on Monday...
Moody’s expects India’s 7.3% economic growth in FY26 to push premium surge
Moody's said India's robust economic growth contributed to a 17 per cent increase in total insurance premium revenue to Rs 10.9 lakh crore in the first eight months (April-November) of 2025-26, with health premiums up 14 per cent and life new business premiums...
Zurich Insurance offers $10 billion to buy UK insurer Beazley
Switzerland's Zurich said the offer it had gone public with on Monday was an improved bid, after Beazley's management rejected on Friday its initial offer, made on January 4. LONDON: Zurich Insurance Group announced a 7.67 billion pound ($10.3 billion) all-cash offer...
Factory Mutual opens its Mumbai office
Lto R- Srini Krishnamurthy, senior Vice President, FM operations India, Malcom C. Roberts, Chairman & CEO at the Mumbai Office Opening “Our growing operations in India reflect both a global and local commitment. By combining world-class expertise with...
India’s insurance market to grow at higher than major emerging and advanced countries in next 4 yrs, says Swiss Re
“India is a true bright spot for insurance growth in the mid-term as opportunities emerge, especially in health and motor insurance. We are set to benefit from forward-looking regulatory reform, digital innovation and a disciplined but attractive product mix for...
Saudi Re launches operations in GIFT-City
```We have a national expansion strategy, and that's where we identify India to be a key growth engine for us.Indian market could be also be a hub to serve the region,’’ said Ahmed Al-Jabr, Chief Executive Officer, Saudi Re while addressing the industry players...
Shefali Sehwani succeeds Shankar Gargipathy as Lloyd’s India CEO
Shefali Sehwani, country manager & CEO, Lloyd's India Currently, Lloyd's has one of its Syndicates, Markel , operating in India.Lloyd's also is diversifying its India exposure by venturing into the GIFT-IFSC, India's sole Internationbal Financial Services Centre...
Delhi tribunal awards over Rs. 1.62 crore to 21-year-old man injured in road accident
The tribunal awarded him a compensation of over Rs. 1.62 crore under various heads, including Rs. 59.36 lakh for loss of future earnings.Since the vehicle was insured at the time of the accident, the tribunal directed the insurer, The New India Co. Ltd., to deposit...
Signature Global to invest Rs380 cr on earthquake resistance technology
The 'Hysteretic Tuned Mass Dampers (HTMDs)' technology is a specialised system designed to reduce vibrations in high-rise buildings caused by wind and earthquakes.By controlling building movement, it enhances stability and occupant comfort. New Delhi: Realty firm...
LIC should continue focus on digital marketing: Nagaraju
M Nagaraju,Secretary,Financial Services Nagaraju expressed satisfaction with LIC’s consolidated AUM of ₹57.23 lakh crore and a yield of 8.9% on policyholders’ funds, supported by a strong solvency ratio of 2.13. This corpus may be used for incentivising growth of...