Country: South Asia Page 4 / 57
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- June 15 2025
Aviation premiums could go up by 10% in FY27 following Air India crash: reports
Death toll has risen to 270 after Air India flight 171 crashed into a residential building shortly after take-off from in Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.
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- June 13 2025
Singapore Re expands into India with GIFT City branch
The Fairfax Asia owned reinsurer becomes the fourth international company to set up a branch in the Indian financial special economic zone.
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- June 13 2025
Air India crash claims could top US$280m, ‘investigations will take time’
Boeing 787-8 Dreamliner crashed shortly after departing Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday afternoon, killing 241 passengers and crew.
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- June 13 2025
Air India crash: Tata AIG leads program jointly placed by Gallagher and WTW
Boeing 787-8 Dreamliner crashed minutes after take-off from India’s Ahmedabad airport on Thursday afternoon with 242 people on board.
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- June 12 2025
SBI General Insurance appoints Mohd Arif Khan as deputy CEO
Khan joins the carrier from the State Bank of India, where he was most recently general manager.
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- June 11 2025
‘No hope of recovery’: MSC Elsa 3 salvage efforts begin in India, but total loss expected
NorthStandard is understood to be the claims leader for the Liberian-flagged container ship that sank last month off the coast of India.
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- June 10 2025
India’s GIC Re proposes ‘parametric insurance’ umbrella: report
Country’s largest reinsurer is in talks with the central government to offer countrywide parametric cover.
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- June 6 2025
WTW appoints Amarpal Singh as cyber leader in India
Delhi-based Singh has also been named as north leader within the financial and executive risks (finex) division at Willis.
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- June 3 2025
India’s non-life premiums could rise to US$38bn in FY26: ICRA
Report also notes private insurers could expand market share to 70% by FY27, up from 68% in FY25.
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- June 3 2025
India’s 3 state-owned insurers need close to US$2bn to remain solvent: ICRA
Combined solvency ratios remained weak at negative 0.85 times as of December, compared to the regulatory minimum of 1.50.
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- May 28 2025
With Australia, India and China inundated by record floods, voices swell to rewrite the nat cat lexicon
Floods in Australia have been widely described as a one-in-500-year event, but such categorisations are now being seen as harmful to the insurance industry.
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- May 27 2025
GIC Re’s FY25 underwriting loss at US$403m, COR improves to 108.8%
Carrier’s net profit for the financial year rose by 3.1% to US$784.3m, while GWP grew by 10.7% to US$4.8bn.
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- May 20 2025
Gallagher India appoints Venu Matoory as oil, gas and petrochemical risk specialist
Mumbai-based Matoory will be driving growth in the specialised segment of crude, chemical, and gas tankers, using his on-ground experience as an ex-mariner.
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- May 20 2025
Opinion: Without a captain of the ship, are India’s insurance reforms in danger of being blown off course?
As the sector enters a 'seminal period of transformation', the Insurance Regulatory and Development Authority (IRDAI) has been without a chairman for over two months after Debasish Panda completed his three-year term in March.
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- May 19 2025
Howden India continues M&A insurance team expansion with Marsh hire
Shreya Iyer joins the broker in Mumbai as co-head of transactional risk.
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- May 16 2025
India’s reforms on hold as IRDAI seeks new chairman: report
Debasish Panda completed his three-year term as chairman of the Insurance Regulatory & Development Authority of India (IRDAI) on March 13.
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- May 16 2025
Gallagher ships in Aon’s Sanjay Mehra as head of marine in India
Mumbai-based Mehra previoulsy worked for Aon, Marsh, K.M Dastur, Howden and ICICI Lombard.
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- May 14 2025
India approves 3 more Russian insurers to provide marine cover
Sberbank Insurance, Ugoria and ASTK have received approval to offer P&I coverage for tankers calling at Indian ports, according to Reuters.
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- May 14 2025
Axa XL boosts India team, taps Swiss Re’s Saumitra Sharma as CUO
Specialty (re)insurer has made five new hires in the country across underwriting and claims, the additions follow the onboarding of new CEO Alok Shukla on April 1.
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- May 13 2025
India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious
Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.
