Howden acquires Spain's March Risk Solutions and signs deal with Banca March Howden, the London-based international insurance broker, announced it has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent company and one of the region’s pre-eminent investment banks. Following the [...]
J. B. Boda - Appointment of Employee Benefit Practice Leader Dear all, We are pleased to announce that Mr. Jayesh Gadekar has joined J. B. Boda Insurance & Reinsurance Brokers Pvt. Ltd., Mumbai, on 7th December, 2022 as “Chief Strategy Officer & Head Employee Benefits Practice”. Mr. Gadekar has completed his Graduation in Commerce [...]
Legal Changes in Moldova There is a significant change in the legal framework of the R. Moldova: New Law on insurance no. LP92/2022 of 07.04.2022 regarding Insurance and Reinsurance operation New Law no. LP106/2022 of 21.04.2022 on Motor Third Party Liability Insurance The following new issues have been included in the New legal framework: [...]
Trade Credit Trade credit insurance protects sellers of goods and services on credit against the risk of customer non-payment due to customer insolvency, protracted default, political events, or acts of war that prevent contract performance. The market is growing rapidly, especially in the Asia-Pacific region. After reaching a value of US$10.9 billion in 2021, [...]
CYBER INSURANCE MARKET: Is There Light at the End of the Tunnel? In late 2020, after years of soft market conditions, the cyber insurance market abruptly entered a hard market. A significant increase in frequency and severity of ransomware attacks and cybercrime between 2019 and 2020 sent the market into a tailspin. Cyber insurers [...]