India: Punjab National Bank eyes IPO of Canara HSBC Life

Published on June 1, 2024
Punjab National Bank (PNB) has announced that it will sell a 10% stake in Canara HSBC Life Insurance Company in an initial public offer of shares in the insurer.
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Türkiye: Quake insurance scheme to cover other disasters with effect from the end of June

June 1, 2024
Minister of Treasury and Finance Mehmet Simsek has announced that Türkiye's compulsory earthquake insurance scheme, the Turkish Catastrophe Insurance Pool (TCIP) will be expanded to cover other

Gulf: Floods cause estimated insured losses of as much as US$2.4bn

June 1, 2024
Total insured losses arising from the 2024 Gulf Floods event are estimated to exceed $1.6bn and could reach as high as $2.4bn for the UAE, of which Motor represents ~10%, according to an analysis by