Insurance cos dread IPL cancellation, airlines & shipping lines premium hike amid an undeclared war scenarioTensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, ...
10 May, 2025, 01.37 AM IST
MetLife first-quarter profit rises on strong investment gains; launches $3 billion buybackMetLife reported a nearly 5% rise in first-quarter profit, fueled by higher premiums and investment income, further announcing a $3 billion...
01 May, 2025, 07.32 AM IST
Acko appoints Sandip Goenka as CEO of Acko LifeAcko appoints founding member Sandip Goenka as CEO of its new life insurance business. Goenka, with over two decades of experience, will de...
15 Oct, 2024, 01.09 PM IST
HDFC Life International announces new health cover for Indian students studying abroadHDFC Life International has launched a cashless health policy for Indian students studying abroad. Premium in US dollars. Covers students a...
21 Feb, 2024, 02.37 PM IST
IRDAI okays amendments to reinsurance normsIRDAI has simplified the format of the reinsurance program and brought in tandem the regulations for Indian insurers, Indian reinsurers, Fo...
25 Aug, 2023, 12.31 AM IST
IRDAI proposes allowing insurers to invest in unlisted firms: sourcesCurrently, Insurance Regulatory and Development Authority of India (IRDAI) does not allow insurers to invest in unlisted entities without i...
10 Nov, 2022, 05.42 PM IST
Munich Re tightens term insurance underwritingBuying high value term insurance will require proposers to not just provide proof of income but also salary statements. Reinsurance giant M...
05 Oct, 2021, 11.56 AM IST
Directors’ and officers’ covers become costlier as their liabilities riseThe premium charged on D&O insurance has increased in some cases up to even Rs 3 crore, from Rs 1.5 crore on average, for sums assured in t...
18 Jun, 2021, 07.18 AM IST
Warren Buffett spends record $2.2 billion buying Berkshire sharesEven as Buffett ramped up his repurchases, Berkshire's massive pile of cash hovered close to a record.
22 Feb, 2020, 08.14 PM IST
UK-based AXIS Capital to quit coal coverWith the announcement, AXIS joins a growing list of global insurers refusing to insure coal projects.. “Renewals, however, according to the...
18 Oct, 2019, 07.43 PM IST
Digit Insurance eases SME property cover using automationNew-age insurer Digit Insurance has made it viable to provide a cover to such small businesses by automating the underwriting process.
27 Aug, 2019, 09.23 AM IST
General Insurance Corporation eyes re-insurance market in EurasiaThe GIC management will participate in the 12th Astana Economic Forum and is ready to continue negotiations on cooperation with AIFC.
18 Apr, 2019, 12.35 PM IST
HPCL cancels Iran oil shipment after insurer excludes coverageIran had hoped to sell more than 500,000 bpd of oil to India during the current fiscal year that started in April, Oil Minister Bijan Zanga...
26 Jul, 2018, 04.32 PM IST
Crop insurers’ $14 billion: Is it money laundering?Former American International Group chief Maurice “Hank” Greenberg has a new business partner: the US taxpayer.
11 Sep, 2013, 11.13 AM IST
Crop insurers in US could face first loss since 2002Crop insurers may face their first underwriting loss since 2002 as the worst Midwest drought in more than two decades threatens the US harv...
23 Jul, 2012, 10.30 AM IST
- General Insurance Corporation slips into red, posts Rs 2,469-cr loss in 2011-12
GIC had to pay out more due to natural catastrophes in Japan & Thailand, while yield on investments and inflow of fresh business were hit d...
06 Jun, 2012, 01.19 AM IST
With a local branch, we'll have a level-playing fieldFree product design will lead to sophisticated level of competition, Munich Re’s Ludger Arnoldussen spoke about it.
24 Sep, 2007, 03.26 AM IST