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Korean Re launches operations in India’s GIFT City

Korean Re launches operations in India’s GIFT City

by AIP Online Bureau | Jan 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

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....
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report

Severe convective storms: Costliest insured global peril in 21st century, says Aon Report

by AIP Online Bureau | Jan 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“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...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing

AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing

by AIP Online Bureau | Jan 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

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

IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

(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

Trump’s Greenland threat puts Europe Inc back in tariff crosshairs

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, International News, Risk Management

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

LIC chief expresses concern over continued stagnation in number of policies in force

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, Indian News, Life, Regulation

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 expects India’s 7.3% economic growth in FY26 to push premium surge

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

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...
Zurich Insurance offers $10 billion to buy UK insurer Beazley

Zurich Insurance offers $10 billion to buy UK insurer Beazley

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, International News, Non-Life

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)...
Factory Mutual opens its Mumbai office

Factory Mutual opens its Mumbai office

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

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’s insurance market to grow at higher than major emerging and advanced countries in next 4 yrs, says Swiss Re

by AIP Online Bureau | Jan 19, 2026 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation

“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...
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