The Clear Group has appointed Simon Smith as group chief operating officer. He has held key leadership positions including 10 years with Willis Towers Watson (2008 – 2018), where he was CEO of India leading growth from 1000 to 3800 full time employees, representing 9% of the broker’s global workforce, according to LinkedIn. Smith, pictured, … Read more
On the back of information from 108 countries, the Income Tax Department has successfully prompted 30,161 taxpayers to voluntarily declare foreign assets worth over ₹29,000 crore. 6,734 taxpayers revised their residential status to Non-Resident With scrutiny of the data, government sources revealed, “24,678 taxpayers reviewed their ITRs, and 5,483 filed belated returns for AY 2024-25, … Read more
Brokers continue to face challenges placing non-standard specialist risks that sit outside the core appetite of many mainstream insurers. Edward Murray explores how MGAs might be able to help these intermediaries grow their books by giving them capacity they might not be able to access themselves on the open market. Brokers continue to face challenges … Read more
Managing general agent Commercial Express has partnered with Irwell Insurance which has joined its panel of insurers. The collaboration, live from this month onwards, will initially provide an alternative option for some of Commercial Express’ liability schemes. Established in 1994, Irwell has an AM Best Financial Strength Rating of B++ (Good) and recently had a … Read more
The Confederation of Indian Industry (CII) has given 10 suggestions to the government on effecting reforms for Ease of Doing Business (EoDB). CII’s Director General Chandrajit Banerjee believes simplification of regulatory framework, reduction of compliance burdens and increased transparency should continue to remain on the government’s focus agenda for the next few years. Company Value … Read more