Category: State

PVI Insurance Extends A– Rating Streak PVI Insurance Extends A– Rating Streak

PVI Insurance Extends A– Rating Streak

HÀ NỘI — PVI Insurance Corporation has reinforced its position within the international insurance market after securing an A– (Excellent) financial strength rating with a stable outlook for the fourth consecutive year from AM Best. The reaffirmation highlights not only the company’s sustained growth trajectory but also the robustness of its financial architecture and adherence […]
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HDFC Bank Dismisses Executives Over Onboarding Lapses 2 HDFC Bank Dismisses Executives Over Onboarding Lapses

HDFC Bank Dismisses Executives Over Onboarding Lapses

In a significant development at HDFC Bank, three senior executives have been dismissed following lapses in client onboarding at its Dubai International Financial Centre (DIFC) branch. The move comes shortly after the unexpected resignation of the bank’s part-time chairman, Atanu Chakraborty, who cited ethical concerns as the reason for stepping down. Sources indicate that the […]
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Iran Tensions Amplify Aviation Insurance Pressures

Iran Tensions Amplify Aviation Insurance Pressures

Rising hostilities involving Iran are exerting renewed pressure on the global aviation insurance market, with implications for pricing, underwriting, and risk management, according to legal and insurance specialist Kennedys. As geopolitical instability escalates, aviation insurers are facing both immediate operational challenges and long-term structural strain in the war risk segment. Disrupted Flight Operations Airlines operating […]
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Rising War Risks Fuel Insurance M&A Momentum

Rising War Risks Fuel Insurance M&A Momentum

Global and Asia‑Pacific insurance markets are navigating a volatile landscape as geopolitical tensions stemming from the Iran conflict intensify. Remarkably, mergers and acquisitions (M&A) in the sector continue to accelerate, highlighting a divergence between escalating underwriting risks and robust dealmaking activity. Analysts attribute this trend to insurers’ strategic pursuit of consolidation, scale, and market diversification […]
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Luxembourg Proposes Law Ending Post Illness Discrimination 2 Luxembourg Proposes Law Ending Post-Illness Discrimination

Luxembourg Proposes Law Ending Post-Illness Discrimination

The Luxembourg Socialist Workers’ Party (LSAP) has unveiled a proposed law aimed at ensuring that individuals who have fully recovered from serious illnesses no longer face discrimination when seeking insurance or mortgages. The initiative includes the legal establishment of a so-called “right to be forgotten,” granting survivors protection against financial and social penalties linked to […]
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Private Banks Lead Eid Remittance Inflows

Private Banks Lead Eid Remittance Inflows

Remittance inflows to Bangladesh reached $2.2 billion during the first two weeks of March 2026, according to Bangladesh Bank. The figures, reported ahead of the Eid festival, highlight the critical role of overseas remittances in supporting household incomes and the national economy. The funds were received through four major banking sectors: state-owned commercial banks, specialised […]
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Wildfires and Storms Drive 2025 Insured Losses

Wildfires and Storms Drive 2025 Insured Losses

Secondary perils dominate global catastrophe claims despite calmer hurricane activity In 2025, secondary perils—including wildfires, severe convective storms (SCS), and floods—accounted for 92% of global insured natural catastrophe losses, according to Swiss Re Institute. Total losses reached US$107 billion, reflecting a year shaped more by the frequency of events than by any single extreme disaster. […]
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