Non-Life

Airlines urge Nations’ Regulators to avoid competing Safety Rules

International News       May 20, 2019

  Paris:  Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority.   The U.S. Federal Aviation Administration (FAA)...

Ashok Leyland ready to ride on Elon Musk's India dream 

Indian News       May 20, 2019

Mumbai: Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland.   Musk wants to make India his next...

Irdai proposes to increase third-party insurance premium for cars, two-wheelers

Indian News       May 20, 2019

  New Delhi: Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator Irdai proposing substantial increase in premium rates for the current financial year.   The Insurance Regulatory and Development Authority of India (Irdai) has proposed to increase the Motor Third...

Reliance Capital to raise Rs 10,000 crore in current fiscal by selling assets

Indian News       May 18, 2019

  Mumbai: Cash-strapped Reliance Capital on May 18 said it expects to raise Rs 10,000 crore by selling assets and cut down its debt by about 50 percent in the current fiscal.   The company has been working diligently to ensure timely debt repayments and is regular...

London marine insurers widen Middle East threat zone after ship attacks

International News       May 17, 2019

   LONDON:  London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London insurance market’s Joint...

Boeing completes 737 Max software upgrade

International News       May 17, 2019

  Chicago: Boeing has completed development of a software update for its 737 Max plane which was grounded following two fatal crashes within five months.The US firm announced that it had flown the 737 Max with the updated software on 207 flights.   It added it would...

Commercial insurance prices up 3% globally, 1.1% in U.S. in Q1: Marsh

International News       May 16, 2019

   Average global commercial insurance prices increased 3 per cent in the first quarter of2019, according to broker Marsh.   This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in its Global Insurance Market Index for the first quarter of 2019   While...

Advisory firms urge ‘No’ vote on AIG execs’ pay packages

International News       May 16, 2019

American International Group Inc. shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes.   Institutional Shareholder Services Inc and Glass Lewis & Co, which together influence the vast...

Bajaj Allianz General reports a net profit of Rs 780 crore in 2019-20

Indian News       May 16, 2019

  Mumbai: Bajaj Allianz General Insurance, reported a net profit of Rs. 780 crore and gross written premium (GWP) soaring up to Rs 11, 097 crore in FY 18-19.    The company booked an underwriting profit of Rs. 18 crore in FY 18-19.   The profit before tax...

Ping An ranks 7th on Forbes' 'Global 2000' List

International News       May 16, 2019

SHANGHAI and HONG KONG: On 15 May 2019, Forbes magazine released its "Global 2000" rankings for listed companies. Benefitting from steady growth in operating income, profit, assets and market capitalization, Ping An has moved up to 7th position in the 2018 rankings, climbing 3 places...

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