Country: South Asia Page 2 / 50
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- December 20 2024
The heat is on for India: climate change, rapid urbanisation set to weigh on BI losses
The country's business interruption insurance market is set to face challenges from heat stress and urban flooding.
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- December 16 2024
Exclusive: Aon India transaction liability leadership departs
Five out of six staff, including Anand Kaul, deputy president - head of transaction liability insurance and credit solutions, are leaving the broker, IAN can reveal.
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- December 4 2024
Ketan Mehta joins Gallagher India as chief compliance officer
Mumbai-based Mehta has over 17 years of experience in risk management and compliance, specialising in FCPA, fraud investigations, business process reviews and regulatory compliance.
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- December 4 2024
India’s plan to relax FDI cap sparks mixed reactions
While some praise the potential for growth, others express doubts about the bill’s passage and its impact on local carriers.
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- December 2 2024
Edme Insurance Brokers promotes Saurav Guha Maulik to director, private equity and M&A services
Maulik was most recently director and business lead for private equity, M&A and structured credit lines with the broker.
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- November 27 2024
India’s Edme continues team buildout with ex-Coface CEO
Mumbai-based Bhavesh Patel joins the broker as executive director, corporate business of financial and credit specialty.
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- November 27 2024
Exclusive: HDFC Ergo’s Hiten Kothari returns to WTW India as senior P&C director
Mumbai-based Kothari joins the broker's insurance consulting & technology business in the first week of December.
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- November 25 2024
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
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- November 25 2024
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
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- November 25 2024
IRDAI-backed insurance e-commerce platform Bima Sugam’s capital requirement surges to US$59m: report
The capital requirement by the Insurance Regulatory and Development Authority of India will amount to US$59m over the next four-five years with US$39m to be provided immediately and the remaining US$20m to be contributed after two years.
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- November 22 2024
India invites consultants for feasibility study to set up P&I club
The country's maritime authority has issued a tender to appoint a consultancy firm to conduct the study to set up a domestic insurance entity.
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- November 20 2024
UIB Group expands Asia footprint with representative office in Nepal
The Kathmandu office will report to the UIB Asia regional headquarters based in Singapore.
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- November 19 2024
India’s WestBridge Capital joins forces with former Tata AIG CEO to launch general insurer: reports
The private equity firm will hold a majority stake with Neelesh Garg taking a 10% ownership in the new joint venture that will be launched mid-2025 and will offer health, motor, fire, and property covers.
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- November 18 2024
India set to allow 100% foreign direct investment in insurance: report
The measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month.
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- November 18 2024
ICICI Lombard’s Alok Agarwal to take charge as Zurich Kotak managing director & CEO
Mumbai-based Agarwal will replace Suresh Agarwal who will be transitioning to a new role within Zurich Insurance Group.
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- November 18 2024
Exclusive: Hannover Re appoints Avijit Ghosh as India CEO amid leadership reshuffle
Ghosh, who was CUO, will replace GLN Sarma, meanwhile, special project manager for the reinsurer's India branch Christian Schoen will relocate to China, IAN understands.
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- November 14 2024
Edme Insurance Brokers brings on board Nochiketa Dixit as managing director
Mumbai-based Dixit will manage retail, BFSI, IT/ITES, structured credit and affinity for the broker.
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- November 13 2024
Edme Insurance Brokers names Sanjay Radhakrishnan as CEO
Mumbai-based Radhakrishnan has been a founding member of Edme since its establishment following the sale of Aditya Birla Insurance Brokers to private equity firm Samara Capital Group.
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- November 12 2024
Amit Ganorkar returns to Tata AIG as managing director and CEO
Ganorkar, who was previously the chief operating officer of the Indian insurer, takes over from Neelesh Garg, who resigned last month.
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- November 11 2024
Time for India to allow 100% FDI in insurance: IRDAI
A unified license for insurers is in the works, and the country’s government is looking into recommendations made by the Insurance Regulatory and Development Authority of India.
