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Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports
The deal could be announced as early as Monday, Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing...
Nepal Catastrphe: GIC Re’s losses limited as international reinsurers take the hit
“Nepal’s non-life insurance market relies heavily on global reinsurance capacity to underwrite catastrophe risks, and so international reinsurers are expected to absorb a significant share of the overall insured losses,” said Victoria Ohorodnyk, senior director and...
67 vulnerable glacial lakes identified in Himachal; early warning systems planned for four in Kinnaur, Lahaul-Spiti
Given increased exposure to GLOFs, flash floods, cloudbursts, landslides, and other climate-related risks, officials stress that combining satellite surveillance, scientific assessments, ground monitoring, early warning systems, HFL mapping, and rapid emergency...
Flood water level rises again in Bhotekoshi river: Nepal authorities
Death toll from the flash floods, which caused widespread devastation, has surged to nearly 700 and nearly 2,400 people remain missing following the disaster, according to authorities.. The impoverished Himalayan nation of 30 million people called for specialist...
HDFC Bank CEO Jagdishan resigns amid governance concerns
Sashidhar Jagdishan, MD &CEO, HDFC Bank The issue of Jagdishan's reappointment has been a subject of intense speculation, especially after the surprising resignation of non-executive chairman Atanu Chakraborty in March this year, citing concerns on ethics and...
Managing General Agents in Gift City From regulatory recognition to market design – how India can leverage the IFSCA framework to emerge as an international underwriting centre – and what the domestic regime should learn from the experience --By Ashish Teni, Senior...
India’s Retirement Challenge: Plan Earlier, Prepare Better
The retirement conversation in India should therefore evolve from “How much is enough at retirement?” to “How early can households build resilience for a longer life?” Early retirement planning is becoming a practical foundation for independence, dignity, and...
Insuring India’s New Economy: Data Centres, Warehouses and Logistics Parks
Insurers see huge growth potential, but these sectors bring serious risk complexities as well. Underwriters can no longer rely solely on standard construction, occupancy, fire protection and natural disaster exposure. They must look much closer at operational...
AI and Life Insurance: The next frontier for India
AI can help make life insurance more personalised, relevant and transparent for customers, while simultaneously revolutionising product development, distribution and operational efficiency for insurers. Gyanendra Singh, Chief Technology Officer, Aviva India India...
Foreign BFSI firms setting up more GCCs; rent highest 7.32 mn sq ft office space in H1: Knight Frank
During January-June 2026, the BFSI sector contributed 36 per cent of the overall leasing of 20.6 million sq ft for GCCs across the leading eight cities.The eight cities are -- Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad and Kolkata. New Delhi:...
SC to hear plea seeking mandatory disclosure of ethanol content in petrol on Aug 31
The plea said the committee should also submit a report on the impact on fuel efficiency, engine longevity and maintenance costs, warranty and insurance implications, the net environmental footprint, including tail-pipe emissions and water consumption associated with...
SBI General records net profit of Rs426 crore in Q1, first to adopt Ind AS framework
Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “We have started FY27 on a strong note with sustained growth across all key parameters. We have built solid foundations and expect this growth momentum to carry us to a strong year-end. Our GDPI stood at...
Delhi tribunal awards Rs 2.72 crore to man who lost leg in road accident
In his petition, Anurag, the claimant, told presiding officer Abhilash Malhotra that he was driving a goods vehicle for his employer, Yogesh Kumar, on December 4, 2023, near the Beg Sarai flyover on Outer Ring Road when a heavy goods vehicle rammed his vehicle from...
FSSAI proposes to roll out front-of-pack red warning on food, drinks high on sugar, salt, or fat
The submission was made in the Supreme Court as it is hearing petitions from health activists calling for the introduction of warning labels on the lines of Western countries. The Supreme Court had told the FSSAI at a hearing earlier this month to expedite the...
Meta’s social media settlement leaves its money machine unscathed
Beyond a wave of lawsuits globally claiming it knowingly sought to addict children and caused a mental health crisis, Meta has also been under scrutiny over sexualized AI chatbot interactions with children. The legal threats, long shrugged off by shareholders, drew...
Court approves Bank of America’s $72.5 million settlement with Epstein accusers
The lawsuit is one of several accusing Epstein’s banks of ignoring suspicious financial transactions related to Epstein, for concern they might lose his business. A federal judge said on Thursday he would grant final approval to Bank of America’s $72.5 million...
China says flash flood disaster caused by high-altitude glacier collapse in Nepal
Scientists are examining how a possible glacial collapse and ice-rock avalanche may have triggered the devastating flash floods along Nepal's Bhotekoshi River, with preliminary assessments indicating that debris may have temporarily blocked the Lhende River and...
Govt achieves 78% of FY27 divestment, asset monetisation Budget target in Apr-Aug
A strategic sale in IDBI Bank is on the table. After a failed attempt earlier this year to sell it, the government has received revised bids from Dubai-based Emirates NDB and Prem Watsa-led Fairfax Financial Holdings. New Delhi: The government has achieved about 78...