by AIP Online Bureau | Sep 3, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Regulation
The scale of the claims is being driven primarily by engineering and construction exposures, highlighting the concentration of insured losses in large infrastructure projects following the August 26 disaster. Kathmandu:Insurance claims arising from the devastating...
by AIP Online Bureau | Sep 3, 2026 | Eco/Invest/Demography, Indian News, Life
the bank’s shareholding in ICICI Life stands at approximately 52.8 per cent. New Delhi: ICICI Bank on Wednesday said it has raised its stake in its life insurance venture by buying a 2 per cent stake from its joint venture partner for a sum of Rs 1,470 crore....
by AIP Online Bureau | Sep 2, 2026 | Eco/Invest/Demography, International News
Costs of insuring projects may also increase as the recent flooding events “are likely to make insurers more cautious and the market for hydropower risks may harden further,” said Benjamin Ng, Asia power leader for Aon The devastating deluge that swept through the...
by AIP Online Bureau | Sep 2, 2026 | Indian News, Non-Life, Reinsurance
Sanjay Lohiya, secretary,DFS advised the PSGICs to strengthen their focus on profitable lines of business and adopt suitable measures to bring down the Incurred Claim Ratio (ICR). New Delhi:Sanjay Lohiya, secretary,Department of Financial Services (DFS), Ministry of...
by AIP Online Bureau | Sep 2, 2026 | International News, Non-Life, Reinsurance
Victor Kuk, Chief Executive Officer of Peak Re, said, “The new appointments reflect our commitment to investing in the capabilities and talent needed to support the next phase of Peak Re’s development. Hong Kong: Peak Re today announced the appointments of...
by AIP Online Bureau | Sep 2, 2026 | Indian News, Non-Life
Tatsuya Fujimoto,Managing Director and CEO Designate, IFFCO-TOKIO General Insurance Company Prior to this, he was director (Operations) at the general insurance company and replaced Subrata Mondal as MD and CEO. New Delhi: In a change of guard, IFFCO-TOKIO General...
by AIP Online Bureau | Sep 2, 2026 | Briefs, Intermediaries, Non-Life, Reinsurance
Guy Carpenter, the reinsurance arm of Marsh, the largest international re/insurance broker has changed its brand name to Marsh Re. “As Marsh Re, we are entering a new chapter that enhances how we serve clients in an increasingly complex risk environment.With the...
by AIP Online Bureau | Sep 2, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The government on Tuesday approved a 15.5 billion baht ($467 million) annual insurance program to cover 30 million households against floods, storms and earthquakes, said Prime Minister Anutin Charnvirakul Thailand plans to provide government-funded disaster insurance...
by AIP Online Bureau | Sep 2, 2026 | Intermediaries, International News, Non-Life, Reinsurance
“Combining with USI will establish the premier U.S. middle-market platform, deepen our context advantage and position Aon to accelerate organic growth,” said Greg Case, president and CEO of Aon, in a statement. Aon plc early Monday confirmed a definite agreement to...
by AIP Online Bureau | Sep 2, 2026 | International News, Non-Life, Reinsurance
Mikir Shah, chief executive officer, commented,“This upgrade recognises the strength of our underwriting, our growing relevance in developing markets, and the strong capital foundation supporting the next stage of our expansion.As we broaden our reach across new...
