Latest news with #JasminderKaur
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Markel to ramp up Malaysian presence, appoints new country head
MARKEL Insurance, the insurance operations within New York-listed Markel Group Inc, has appointed Jasminder Kaur as its country head as it plans to ramp up its presence in Malaysia. In her new role, Jasminder will be responsible for scaling Markel's operations in Malaysia, which the company has described as an established specialty insurance market. She will collaborate closely with the underwriting team in Singapore, while also working to establish and grow Markel's underwriting capability in Kuala Lumpur. The appointment will build on Markel's existing presence in Malaysia, where Markel is licensed as a Tier 2 reinsurer in Labuan, it said in a statement. Jasminder brings close to three decades of experience in the insurance industry, with a background in risk management and broking. She most recently served as CEO of MP Honan Insurance Brokers Sdn Bhd, where she played a key role in evolving the local broking firm into an international boutique firm, driving sales growth and operational excellence. Prior to that, she spent more than eight years at Aon Insurance Brokers Sdn Bhd, where she held various leadership roles, including chief broking officer. Jasminder will report to Kevin Leung, Markel's chief underwriting officer for Asia Pacific. 'Jasminder's appointment is a key strategic move for our business in Malaysia, leveraging her proven ability to deliver results and her deep understanding of the local market,' said Christian Stobbs, Markel's MD for Asia Pacific, in the same statement. Markel Insurance is a global specialty insurer, which leverages its broad array of capabilities and expertise to create solutions for the most complex specialty insurance needs. The specialty insurance market sector in Malaysia is composed of a mix of local and international insurers that offer niche or non-traditional insurance products tailored to specific risks. These can include areas such as marine, aviation, energy, construction, political risk, cyber insurance and other specialised risks. One of the key players in this sector is MSIG Insurance (M) Bhd, owned by Japan-based Mitsui Sumitomo Insurance Group, whose specialty lines include marine, energy, construction, engineering, aviation and liability insurance. Two other players are Swiss-owned Zurich General Insurance Malaysia Bhd, with specialty lines in marine, energy, construction, cyber and liability insurance, as well as AIG Malaysia Insurance Bhd who's parent compay is the US-based American International Group. — TMR This article first appeared in The Malaysian Reserve weekly print edition
Yahoo
02-07-2025
- Business
- Yahoo
Markel International appoints Jasminder Kaur as Principal Officer
SINGAPORE, July 1, 2025 /CNW/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Jasminder Kaur as Principal Officer - Malaysia, marking a significant step in the company's expansion plans in Malaysia. In her new role, Kaur will be responsible for scaling Markel's operations in Malaysia, one of Southeast Asia's most vibrant economies with an established specialty insurance market. She will collaborate closely with the underwriting team in Singapore, while also working to establish and grow Markel's underwriting capability in Kuala Lumpur. The appointment will build on Markel's existing presence in Malaysia, where Markel is licensed as a Tier 2 reinsurer in Labuan. Kaur brings close to three decades of experience in the insurance industry, with a strong background in risk management and broking. She most recently served as Chief Executive Officer of MP Honan Insurance Brokers Sdn Bhd, where she played a key role in evolving the local broking firm into an international boutique firm, driving sales growth and operational excellence. Prior to that, she spent more than 8 years at Aon Insurance Brokers Sdn Bhd, where she held various leadership roles, including Chief Broking Officer. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific. Christian Stobbs, Managing Director - Asia Pacific, commented: "Jasminder's appointment is a key strategic move for our business in Malaysia, leveraging her proven ability to deliver results and her deep understanding of the local market. We're thrilled to have her join our team and are excited about the impact she'll make in leading our expansion efforts and strengthening our relationships with clients and partners." About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. View original content to download multimedia: SOURCE Markel View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
02-07-2025
- Business
- Cision Canada
Markel International appoints Jasminder Kaur as Principal Officer
SINGAPORE, July 1, 2025 /CNW/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Jasminder Kaur as Principal Officer - Malaysia, marking a significant step in the company's expansion plans in Malaysia. In her new role, Kaur will be responsible for scaling Markel's operations in Malaysia, one of Southeast Asia's most vibrant economies with an established specialty insurance market. She will collaborate closely with the underwriting team in Singapore, while also working to establish and grow Markel's underwriting capability in Kuala Lumpur. The appointment will build on Markel's existing presence in Malaysia, where Markel is licensed as a Tier 2 reinsurer in Labuan. Kaur brings close to three decades of experience in the insurance industry, with a strong background in risk management and broking. She most recently served as Chief Executive Officer of MP Honan Insurance Brokers Sdn Bhd, where she played a key role in evolving the local broking firm into an international boutique firm, driving sales growth and operational excellence. Prior to that, she spent more than 8 years at Aon Insurance Brokers Sdn Bhd, where she held various leadership roles, including Chief Broking Officer. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific. Christian Stobbs, Managing Director - Asia Pacific, commented: "Jasminder's appointment is a key strategic move for our business in Malaysia, leveraging her proven ability to deliver results and her deep understanding of the local market. We're thrilled to have her join our team and are excited about the impact she'll make in leading our expansion efforts and strengthening our relationships with clients and partners." About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
Time of India
23-04-2025
- Business
- Time of India
BluSmart faces audit; More on Ather IPO
BluSmart faces audit; More on Ather IPO Also in the letter: BluSmart board has appointed Grant Thornton to conduct forensic audit of company's books: Sources Quote, unquote: Cause and effect: Cutting down: The brothers, their mother Jasminder Kaur, and promoter group Gensol Ventures have lost 57% of their stake since December 31. As of December 2024, the promoters held 2.8 crore shares, or 62.6% of Gensol, with 81.7% pledged. By end-March, their holdings dropped to 35.9%, with 95% pledged. By April 22, creditors had seized an additional 9.2%, leaving them with 26.7%. Market reacts: Read ETtech's in-depth coverage of the Gensol-BluSmart crisis: Promoters, early backers of Ather Energy eye strong gains through IPO Tell me more: Tiger Global, which backed the company in 2015 at Rs 38.58 per share, is set to exit with an 8.3x return. Singapore-based GIC and India's National Investment and Infrastructure Fund (NIIF), which invested in 2022, are expected to earn multiples of 1.57x and 1.75x, respectively. OFS play: Founders Tarun Mehta and Swapnil Jain will each offload shares worth Rs 31.4 crore. Other selling shareholders include Tiger Global (Rs 12.84 crore), GIC (Rs 192.71 crore), NIIF (Rs 84.57 crore), and IIT Madras (Rs 1.13 crore). Issue downsizing: Capex plan: OpenAI signals interest in buying Google's Chrome if breakup is ordered: ChatGPT exec testifies Context setting: Judge Amit Mehta ruled last year that Google holds a monopoly in online search and advertising. US government attorneys argue that the rise of AI could entrench Google's dominance in search. The case also scrutinises Google's agreements with companies like Apple and Samsung to keep its search engine as the default option. What else: Intel to cut over 20% of workforce: Reports Also Read: Finally, deals back on the menu for QSRs, cafe chains Deal instances: Homegrown brands such as Mad Over Donuts, Biggies Burger, and Theobroma are close to securing fresh funding from private equity firms and family offices. Devyani International, the operator of global fast-food chains KFC, Pizza Hut and Costa Coffee, is acquiring a majority stake in Sky Gate Hospitality, the parent company of Biryani By Kilo. Wow! Momo recently raised Rs 150 crore from Haldiram's Kamal Agrawal and Malaysia's sovereign wealth fund Khazanah Nasional. Nothing Before Coffee, a café chain focused on India's tier-2 cities, raised $2.3 million in a funding round led by Prath Ventures. Expert take: Chart-ed: AI roles fetch up to 40% more pay as GCCs open purse strings BluSmart's board has appointed Grant Thornton to audit the cash-strapped company's financials. This and more in today's ETtech Top 5.■ OpenAI eyes Google Chrome■ Deal activity up in QSRs■ Chart-ed: AI roles pay moreThe board of embattled BluSmart has initiated a forensic audit of the company's books after whistleblower complaints alleging financial fraud. The company has engaged Grant Thornton for the probe, sources told us.'The company's management had told its investors when it launched its fundraising discussions last year that it had Rs 400-500 crore in cash on its books. However, only a few months later, it was running out of cash,' a person in the know said. 'Investors are questioning where the money went.'The audit follows regulatory action against Gensol Engineering, a listed firm promoted by BluSmart cofounders Anmol and Puneet Singh which was burning through Rs 20 crore each month, failed to close its $50 million funding round and suspended its ride-hailing services earlier this the Jaggi brothers' shareholding has dropped sharply amid ongoing probes by enforcement of the listed engineering, procurement and construction (EPC) firm have hit the 5% lower circuit since Wednesday's market open, falling over 80% since March 3 when credit downgrades Mehta, cofounder and CEO, Ather EnergyPromoters and early investors in Ather Energy are poised for substantial gains as the electric two-wheeler maker prepares for its public listing later this Energy has reduced its IPO size from Rs 3,100 crore to Rs 2,981 crore . According to Ashish Nigam, managing director at Axis Capital, the majority of this reduction stems from a lower offer for sale (OFS) component. Several shareholders chose to stay on, buoyed by Ather's recent performance and growth prospects, he Tarun Mehta said the company will focus its capital on product innovation, technology development, and brand building. Ather will avoid investing in asset-heavy areas such as cell-manufacturing and semiconductors, which he described as 'highly volatile and subject to rapid technological changes.' He added, 'We believe suppliers are in a better position to handle that kind of volatility.'ChatGPT's head of product, Nick Turley, revealed that OpenAI would be interested in acquiring Google's Chrome browser should the tech giant be forced to sell it as part of an ongoing antitrust also disclosed that OpenAI had approached Google about integrating its search technology into ChatGPT's AI assistant, but the request was plans to lay off more than 20% of its staff in a sweeping move to streamline operations and refocus on engineering, according to a Bloomberg cuts mark the first major decision under new CEO Lip-Bu Tan, who has criticised the company's sluggish, bloated middle quick-service restaurant (QSR) and café sector is witnessing a resurgence in deal activity after a lull lasting five consecutive quarters The sector's growth has been driven by low-cost operating models, value-for-money pricing, and evolving consumer behaviour, said Sagar Daryani, president of the National Restaurant Association of India (NRAI). This, he added, is reinforced by people ordering in, choosing OTT platforms over cinemas, and preferring house parties to going for GenAI skills is rising rapidly in India's global capability centres (GCCs), increasing by 32% year-on-year in 2024 Early adoption in sectors such as BFSI, retail, and tech is driving this trend, according to a report by Quess. Positions in AI and data science now offer salaries that are 25–40% higher than those for traditional software engineers.
