Italy’s billionaire Benetton family plans to boost its stake in Assicurazioni Generali SpA, the country’s biggest insurer, to as much as 2 percent as part of a strategy to increase…
The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from…
Chubb announced two leadership appointments for its general insurance business in Thailand. Both appointments will be effective from 1 March 2018 and subject to regulatory and Board approval. Khun Nittaya…
A staggering 62 per cent of Indians paid from their own pockets for their medical expenses in 2016, an annual study by global health services company Cigna showed. The study,…
Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers Ltd., the…
Swiss Re has estimated that global insured losses from catastrophes in 2017 will hit $136 billion, the third-highest on record for the sector, with the United States being the hardest…
With its string of hurricanes, floods and other weather shocks, 2017 may be the most expensive year on record for disaster losses, insurance experts warned. Hurricane Harvey in Texas alone…
Recently Steamship Mutual, P&I club, has announced it has been granted a license to operate as an insurer from its Singapore branch office. "This is a reflection of the club's…
According to PERILS, an independent Zurich based organization to provide industry wide catastrophe insurance data, estimated the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on…
The International Maritime Organisation (IMO) recently declared that ships which do not meet emission rules can be declared "unseaworthy" There lies a doubt about complying with rules asking ships worldwide…