India's long-delayed plans for a domestic P&I club have gained fresh urgency as the Strait of Hormuz blockade disrupts the country's energy cargo flows.
The revamped panel includes new members composed of executives of industry bodies, economists, policymakers, and financial experts, leaders and personalities from major Indian institutions.
While bancassurance new business profit powered Prudential's FY2025 growth, the group has flagged transforming the agency channel as its "number one priority".
The institute said the fallout could stretch beyond underwriting, with currency swings, weaker risk assets and inflation concerns adding pressure to insurers’ balance sheets.
The deal sees BP Marsh exit Amiga while retaining a stake in Sodalis and reunites Amiga CEO Adam Kembrooke with Sodalis CEO Colin Thompson, former colleagues at Nexus.
Under the agreement, Land Bank will lead procurement, while Insurance Commission (IC), Bureau of the Treasury, Government Service Insurance System, Social Security System, Philippine Deposit Insurance...
Fitch has identified correlated aggregation risk as the key near-term concern for specialty insurers, even as the agency maintains a broadly contained ratings outlook.
