India

Two men in circular headshots over a sunset cityscape with NIYAM branding in the top-left corner.

Niyam Group adds J.C. Flowers executives Porte, Cox to board

June 30 2026

Appointments reflect deeper J.C. Flowers backing and a shared strategy to build a reinsurer focused on India and other high-growth markets.

Wide field of blue solar panels arranged in neat rows across a sunny landscape, capturing solar energy.

Targeted climate resilience investment could cut renewable losses by US$28bn in India – Zurich Kotak

June 26 2026

Quantifying resilience benefits may unlock capital while reducing climate-driven losses, the insurer said.

Forest area with thick smoke and haze rising above the trees, with distant industrial buildings visible in the background.

GIC Re to rebalance overseas portfolio amid climate risks, expand international business

June 26 2026

The reinsurer plans to reduce reliance on overseas property and catastrophe business while expanding its international footprint.

LIC announces CFO resignation; names Jayasimhan Tirumala for compliance chief role

June 25 2026

Agrawal will step down on 14 July, while Tirumala’s appointment is subject to IRDAI approval.

India's GI premiums grow 9% in May as fire weakness persists

June 25 2026

A fifth straight decline in fire premiums was offset by growth in health and motor, alongside sharp gains in aviation, marine and personal accident.

Businessperson analyzing financial data with translucent holographic dashboards and charts over a laptop and calculator’s keyboard, in a bright office.

BMS opens Mumbai capability centre to scale data, analytics and AI capabilities

June 24 2026

The new Global Capability Centre is being led by Nipun Mapara as managing director, with Sanjeev Poojari serving as head of operations.

Indian container ship stationed in Kerala

India moves closer to domestic P&I club as IFSCA consults on framework

June 24 2026

The draft outlines a new regime to support marine liability insurance and mutual structures in the IFSC.

Lloyd's taps ICICI Lombard as India partner for multinational programmes

June 23 2026

The partnership enables ICICI Lombard to issue local policies on behalf of Lloyd’s managing agents for selected lines of business.

Calculator surrounded by banknotes and scattered coins with a jar of coins on the right, depicting budgeting or savings.

IRDAI proposes tighter disclosure norms for intermediaries earning over US$1.05m in commissions

June 23 2026

The proposed amendments seek greater transparency and tighter oversight of sales practices for insurance intermediaries.

Howden India hires Deepti Sharma as growth leader for sales

June 22 2026

With 18 years across healthcare and insurance, Sharma joins a fast-expanding India team following Howden's move to bring the business under its Asia region.

Rajil Khare joins Echo Re as senior underwriter - Indian subcontinent

June 22 2026

He previously held underwriting roles at Liberty General Insurance and HDFC Ergo

Gallagher Re names Minesh Jani as India CEO

June 22 2026

He joins from Howden, where he most recently served as managing director for its DIFC branch.

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