Reinsurance

Robert Wiest, CEO,MS Amlin AG

MS Amlin AG appoints Robert Wiest as CEO

International News       Sep 20, 2021

Zurich: MS Amlin AG (MS AAG), the global reinsurer, today announces the appointment of Robert Wiest as Chief Executive Officer (CEO). Wiest will take up the role on 03 January 2022 and will be based in Zurich, Switzerland. Robert Wiest brings over 30 years of...

Brit launches machine learning algorithm to enable faster claims response to catastrophe events

International News       Sep 20, 2021

  London, Sept 21: Brit Ltd announced the creation and successful proof of concept launch of a proprietary machine learning algorithm designed to accelerate the identification of post catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept is being used by...

C-DOT developing tech to tap all media for broadcasting disaster alerts

Indian News       Sep 18, 2021

  New Delhi: State-run C-DOT is developing technology to intercept all media like television, mobile phones, railway announcements etc for broadcasting disaster alerts in local languages, a senior official said. The Centre for Development of Telematics (C-DOT) is developing the system for National Disaster Management Authority...

Devesh Srivastava, CMD, GIC Re

AM Best upgrades GIC Re's credit rating outlook to stable, co's balance sheet strength remains strong

International News       Sep 17, 2021

  SINGAPORE: After a year, AM Best has revised state owned GIC Re's Long-Term Issuer Credit Rating (Long-Term ICR) outlook to stable from negative and affirmed its Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) . The outlook of GIC...

87% of Indian cos victims of security breach last year: Report

Indian News       Sep 16, 2021

New Delhi: At least 87 per cent of Indian respondents said their organisations were victims of security breach in the last year, a report said on Thursday. According to Cloud-enabled security solutions provider Barracuda, companies with staff working predominantly from home had a significantly higher...

Coronavirus compounds climate disasters but shows action can work- Red Cross

Facts       Sep 16, 2021

  Sept 17: The coronavirus has made it harder for authorities to respond to disasters caused by extreme weather fuelled by climate change, with more severe storms, floods, and heatwaves affecting nearly 140 million people around the world, an aid organization said. Almost half of those...

L to R -Ankur Nijhawan, CEO, AXA France Vie – Indian Reinsurance Branch ,Jitendra Singh, minister of state for science and technology and Prime Minister Office, at an event in New Delhi to launch AXA;s Indian free telemedicine services  

Jitendra Singh launches AXA's free telemedicine services in India

Indian News       Sep 16, 2021

  New Delhi,September 17: Paris based insurance major AXA launched a toll-free helpline with NGO partner Sewa International in Delhi NCR, Haryana, Maharashtra, and Rajasthan to provide telemedicine services for medical ailments and information on the availability of critically needed healthcare supplies in response to the...

UK COVID-19 business insurance payouts top one billion pounds -watchdog

International News       Sep 15, 2021

  LONDON: Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received more than one billion pounds ($1.4 billion) in full and interim business interruption payouts to date. Businesses ranging from restaurants to nightclubs and wedding...

Canada Energy firm gets nod to keep insurers’ names confidential

International News       Sep 15, 2021

  TC Energy Corporation is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry. The Canada Energy Regulator ruled that the names of TC Energy’s insurers are “commercial information” and the...

Large claims push up Cyber premiums by 39% for all European industries: Marsh

International News       Sep 13, 2021

  Milan: Amid the rising frequency and severity of cyber-attacks, cyber insurance rates increased by an average of 39% for all industries within re/insurance broker Marsh’s Continental Europe client base in the first quarter of 2021, up from a 37% increase in Q4 2020. Malicious cyber...

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