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Russian-bound tanker hit by drone in Black Sea, maritime sources Say

Russian-bound tanker hit by drone in Black Sea, maritime sources Say

by AIP Online Bureau | Jan 12, 2026 | Eco/Invest/Demography, International News, Non-Life, Risk Management

In late November, shipping insurance rates rose after Ukrainian naval drones hit two Russia-bound tankers in the Black Sea, incidents that prompted Moscow to threaten retaliation and Ankara to urge calm. Another vessel, Russian-flagged, said in early December that it...
China urges Nestlé SA to work quickly in recalling baby formula products

China urges Nestlé SA to work quickly in recalling baby formula products

by AIP Online Bureau | Jan 12, 2026 | Eco/Invest/Demography, International News, Risk Management

While Nestlé has yet to tally the total cost of the global recall, it does not expect a significant financial impact. The affected batches represent significantly less than 0.5% of annual group sales, Nestlé said. However, some analysts are estimating a potentially...
Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders

Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders

by AIP Online Bureau | Jan 12, 2026 | Eco/Invest/Demography, International News, Reinsurance

Globally, private credit has grown into a $1.7 trillion market. Lending spreads have narrowed compared with 2023 due to intensifying competition, but for Sompo the debt remains attractive because spreads are still wider than other credit products. Tokyo:Sompo Holdings...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40

AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40

by AIP Online Bureau | Jan 12, 2026 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...

Indian households turn investors, bank deposits surge: SBI report

by AIP Online Bureau | Jan 12, 2026 | Banking & Bancassurance, Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

“Indian households across states are turning from savers to investors. Juxtaposing incremental deposits between FY20-25 and incremental investors during the same period reveals states such as Gujarat, West Bengal, Madhya Pradesh, Andhra Pradesh and Karnataka,...
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