by AIP Online Bureau | Sep 13, 2022 | Indian News, Non-Life, Regulation, Workplace/Employee Benefits
New Delhi: The government, on Saturday, has appointed Thomas M Devasia of Marsh India Brokers as the member, non-life in the insurance regulator IRDAI. This is for the first time; as reported by Asia Insurance Post earlier, the government has picked up a private...
by AIP Online Bureau | Sep 12, 2022 | Intermediaries, International News, Non-Life, Reinsurance
London:Gallagher Re, the global reinsurance broker, today has announced the launch of the Gallagher Research Centre (“GRC”). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr Tina Thomson as Global Head of Research, the...
by AIP Online Bureau | Sep 12, 2022 | International News, Non-Life, Reinsurance
London: MS Amlin AG today announced its rebrand to MS Reinsurance, An MS Amlin AG Company. The name change, which will occur during September 2022, reflects parent company MS&AD’s commitment to building a leading, globally diversified reinsurer. MS Reinsurance...
by AIP Online Bureau | Sep 12, 2022 | Indian News, Life, Non-Life, Regulation
New Delhi: Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process. US-based asset management fund Advent has sought extension by 16 weeks, while Piramal Finance...
by AIP Online Bureau | Sep 12, 2022 | Indian News, Life, Non-Life, Policy, Regulation
New Delhi: The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20...
by AIP Online Bureau | Sep 11, 2022 | Indian News, Main Menu, Non-Life
New Delhi: The government on Sunday has appointed Neerja Kapur, 58, general manager, New India Assurance as the CMD of the company while Girija Subramanian, 56, general manager, GIC Re has been elevated as the CMD of Delhi based Agriculture Insurance Company(AIC)....
by AIP Online Bureau | Sep 9, 2022 | Indian News, Life
The rep office will help Tata AIA assess the needs of the Indian diaspora in the UAE Mumbai: Tata AIA Life Insurance (Tata AIA), today announced the opening of its first representative office in Dubai, UAE. The rep office will help Tata AIA assess the needs of the...
by AIP Online Bureau | Sep 9, 2022 | Indian News, Non-Life
The outcome of the case, which has now been adjourned many times, can raise the issue of validity of appointments of existing CMDs of PSU general insurance companies along with chairman and four managing directors of Life Insurance Corporation(LIC) who were selected...
by AIP Online Bureau | Sep 9, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
As insurers are seeking to measure the ESG impact of their portfolio, alongside the assessment of traditional insurance risks, this new offering is a great example of how our integrated risk-assessment strategy helps meet our customers’ needs,” said Colin Holmes,...
by AIP Online Bureau | Sep 9, 2022 | International News, Non-Life, Reinsurance
Investors and reinsurers are consequently reassessing their view of risk and appetite for natural catastrophe exposures, as macroeconomic conditions drive insurers to seek additional risk transfer capacity, resulting in a supply / demand mismatch that will continue...
