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Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC
Two of Lloyd's Syndicates, Syndicate 2047 set up by Bobby Swarup' Niyam Group and Syndicate 2454, belonging to Africa Specialty Risks(ASR), have already announced their decisions to be part Lloyd's platform in the GIFT-IFSC. GIFT City/Mumabi:Lloyd's of London, world's...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission headed by Priyank Kanoongo has issued a notice to Insurance Regulatory and Development Authority of India (IRDAI), directing it to take appropriate action in this matter and submit a response to the...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO
Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over from Apr 20, is currently based in Singapore and handles markets like India, Korea, Hong Kong and Taiwan, for Swiss Re. Hong Kong:Victor Kuk, Swiss Re's Head of Client Markets for P&C reinsurance...
Govt advertises for New India’s CMD post, pvt sector candidates can apply
The post will fall vacant as Girija Subramanian, CMD, NIA, will be retiring on July 31.Both eligible PSU and private sector candidates can apply. Last date for applying is Apr 21 New Delhi:After filling up the post of CMD at GIC Re, the FSIB has invited applications...
West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives
The Department of Financial Services(DFS) last week has written to the IFSCA to go ahead with earlier plans to develop P&I Club and Captives in its jurisdiction after eruption the West Asian geopolitical crisis completely disrupting shipping and supply of oil and...
Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60 billion overseas, with some of that going to investment assets in the US, Tung said. “Now, we think about whether we should trim down a bit, even though the overall portfolio is still very small anyway.”...
Berkshire Hathaway to invest $1.8 Billion in Tokio Marine
The latest deal shows Berkshire is eager to win a slice of Japan’s thriving insurance business, an increasingly attractive market for foreign firms. KKR & Co., Apollo Global Management Inc. and other big international players have made moves to expand in the life...
Trump puts off threat for 5 days to bomb Iran power grid,Oil drops, Stocks recover
U.S. President Donald Trump On Saturday, Trump had warned that Iranian power plants would be destroyed if Tehran failed to “fully open” the Strait of Hormuz to all shipping within 48 hours. Trump set a deadline of around 7:44 p.m. EDT (2344 GMT) on Monday. U.S....
No proposal under consideration on merger of PSU banks: MoS Finance
The amalgamation of PSBs, as envisaged, has contributed to improving operational efficiency and financial soundness of banks through streamlining of operations and reduction in costs, thereby resulting in increasing consolidated business of banks, Minister of State...
Indian drugmakers flood market with cheaper versions of Novo’s Ozempic, Wegovy
Analysts expect more than 40 Indian drugmakers to launch over 50 cheaper variants.Large Indian drugmakers are racing to capture a share of the global obesity market, projected to be worth about $100 billion by the end of the decade. New Delhi:At least half a dozen...
Ayushman Bharat crosses 11.69 crore hospital admissions, 6.74 crore in private hospitals: Govt
Prataprao Jadhav,Minister of State for Health and Family Welfare “From 6,917 hospitals in 2018-19, the network has expanded to 36,229 hospitals as of February 28, 2026. This includes 19,483 public hospitals and 16,746 private hospitals, providing a wide healthcare...
Indian Non-Life Insurance Industry:On a growth trajectory
The Indian Non-Life insurance industry continues to show maturity and resilience over the last 10 years despite facing many operational challenges, since the removal of tariffs. The industry players are well poised to take advantage of the favorable business climate...
2 pilots killed as Air Canada Express plane hits ground vehicle at New York’s LaGuardia airport, multiple injuries reported
Early reports from emergency responders indicate multiple injuries, with some patients described as being in critical condition,Unverified footage on social media showed damage to the nose of the plane New York:The pilot and the co-pilot were killed as an Air Canada...
Women & Financial Independence:Navigating insurance and long term planning
In terms of product preferences, women increasingly opt for a mix of protection and long- term savings solutions. Term insurance for financial protection, savings-oriented life insurance plans for wealth creation, and retirement solutions such as annuities are among...
Building Risk Resilience: An update for India Inc
Indian companies today are dealing with a very different risk landscape. Supply chains that break without warning, weather disruptions that are no longer rare events, growing cyber incidents, and constantly evolving compliance expectations.Add to that the pressure of...
Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover
The verdict from a jury in San Francisco federal court came in a closely watched civil trial where Musk, the world's richest person, was accused of falsely claiming on social media that Twitter underreported how many fake and spam accounts, known as bots, were on its...
Govt may consider OFS option for raising public float in IDBI Bank
Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price. New Delhi:The government may consider selling...
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull & liability as well as cargo. Coverage will be offered for war hull risk insurance, for war P&I insurance and war cargo insurance. NEW YORK:Chubb, the world's largest publicly traded property and...