Munich Re saw a significant jump in its profit from EUR392m ($446m) in 2017 to EUR2.28bn in 2018, with its reinsurance business contributing EUR1.86bn and ERGO business posting a profit of EUR412m.
Ranamita Chakraborty | 22 Mar 2019
Businesses in several sectors such as pharma, textiles and steel have seen their property insurance rates soar by as much as eight times after national reinsurer GIC Re revised its reinsurance rates with effect from 1 March.
20 Mar 2019
Swiss Re published its 2018 annual report titled 'Predict. Prepare. Protect.' comprising the business report and financial report, including audited financial statements for 2018. The report revealed a total contribution of $2.2bn to group...
Ranamita Chakraborty | 15 Mar 2019
he IRDAI has rejected Indian Canadian billionaire Prem Watsa's proposal to acquire ITI Reinsurance, which is currently the only privately held domestic reinsurer, say people with knowledge of the matter.
13 Mar 2019
AIR team | 06 Mar 2019
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AIR team | 26 Feb 2019
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