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SBI General appoints Shrish Mahuli as CBO
SBI General Insurance has appointed Shrish Ramchandra Mahuli as its chief business officer. With 24 years of experience across the insurance and automotive sectors,Mahuli will be responsible for driving the company’s overall business strategy, expanding distribution...
Aditya Gupta joins as Secy General of LI Council
Aditya Gupta,secretary general, Life Insurance Council LI Council is a forum that connects the various stakeholders of the sector and function as an active forum to aid, advise and assist insurers in maintaining high standards of conduct and service to policyholders....
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President Trump and his team discusing Iran’s proposal to end war
The proposal sent by Iran outlines a framework to reopen the Strait of Hormuz and bring an end to the conflict, with a condition that negotiations on its nuclear programme be held at a later stage. The Strait of Hormuz remains a critical maritime route for global...
Moody’s upgrades Peak Re’s rating to A3 with Stable Outlook
We are now even better positioned to act as a strategic partner, deploying our robust capacity to co-create tailored risk solutions and support our clients’ growth ambitions across the globe,” Victor Kuk, Peak Re's new CEO Hong Kong:Peak Reinsurance Company(Peak Re),...
EIP partners with Nexacore, launches end-to-end device protection to Southeast Asia
Southeast Asia is expected to remain a high-growth market for device protection and warranty solutions, as rising usage and demand for protection products drive momentum across the wider region. As a result, the Asia-Pacific electronic gadget insurance market is...
NGT issues notice to Centre over hanging glacier danger in central Himalaya
The bench referred to the report and said four researchers from the Indian Institute of Science, Indian Institute of Technology Bhubaneswar and the Defence Research and Development Organisation, Chandigarh, which indicated violation of the provisions of the...
Iran war disrupts the circuit board supply chain, raises costs for tech firms
The disruption is a fresh blow to electronics manufacturers which are already grappling with soaring memory chip costs and highlights the broadening impact of the Iran war that has wreaked havoc on supply chains, plastics, and oil supplies. The conflict in the Middle...
Acko eyes $300-$500 million IPO, valued at $2.5 billion
Founded in 2016, Acko has focused on digitising insurance purchase and has relied on partnerships with online platforms and mobility companies to scale. MUMBAI: India's Acko Insurance is targeting a valuation of between $2 billion and $2.5 billion in its planned...
Ajay Shah succeeds Anuj Gulati as MD&CEO of Care Health insurance
Ajay Kumar Shah, head of retail Business at Care Health Insurance, has been appointed as the MD &CEO of the company for a term of five years effective from April 26, 2026. Shah, with the approval from the IRDAI, succeeds Anuj Gulati, whose term has ended on April...
Aon UK creates programme to support displaced professionals entering the workforce
People who have been displaced and have professional qualifications face unemployment rates up to three times the UK national average. The new programme, modelled on Aon’s award-winning UK Work Insights Programme, is delivered in collaboration with the Refugee...
WGC proposes physically-backed common infrastructure to scale digital gold
"The idea behind this initiative is to provide a shared infrastructure which could help gold to play a greater role in the digital economy. This will be backed by physical gold this will be accredited, inspected regularly, with processes in place to make sure that...
US-Iran peace hopes fade as Trump scraps talks
Iranian President Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif by phone that Tehran would not enter "imposed negotiations" under threats or blockade, according to a statement from the Iranian government. He said the United States should first remove...
Parrots are ‘wild animals’, rules HC; orders Maharashtra govt to compensate farmer for crop damage
The court passed the order on a petition filed by Mahadeo Dekate , a farmer from Hingi village in Wardha district, who claimed that his pomegranate trees were damaged by wild parrots from the nearby wildlife sanctuary in May 2016, and sought compensation for the same....
Finmin asks PSBs to complete wage revision process in next 12 months
Public sector banks (PSBs) and financial institutions, including insurance companies revise wages of their employees every five years. As part of the settlement, the Indian Banks' Association (IBA) is expected to engage in dialogues with the employees'...
Swiss airplane catches fire during takeoff, Delhi airport declares emergency; 4 injured say sources
Assessing the situation, the crew members immediately declared an emergency. Subsequently, passengers were evacuated via emergency slides, resulting in minor injuries to four passengers. New Delhi: A major aviation emergency unfolded late Sunday night at Terminal 3 of...
India,Middle East,and Africa see declining P&C rates in Q12026, says Marsh
Property rate declines were generally driven by stable capacity and high levels of competition.The Middle East and Africa saw rate declines ranging from 5% to 20%; India experienced decreases up to 45%, though typically lower.Casualty insurance rates decreased 7%,...
Quitting tobacco could give economic boost to over 20.5 mn households in India: Analysis
"Tobacco cessation could uplift 20.49 million households (10.6 per cent) to higher economic classes, with (a) greater impact in rural areas (11.64 per cent; 17 million) against urban regions (7.26 per cent; 3.5 million)," the authors wrote. NEW DELHI: An analysis has...