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Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance

Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance

by AIP Online Bureau | Apr 4, 2024 | Banking & Bancassurance, Life, Regulation

Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...
AXA to run cyber risks campaign ahead of Paris Olympics

AXA to run cyber risks campaign ahead of Paris Olympics

by AIP Online Bureau | Apr 4, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Nippon Telegraph & Telephone Corp., which provided cybersecurity services for the 2021 Olympic Games in Tokyo, reported 450 million attempted cyberattacks at the time Paris: AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up...

Taiwan quake to hit some chip output, disrupt Asia supply chain, analysts say

by AIP Online Bureau | Apr 3, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The island plays an outsized role in the global chip supply chain as it is home to the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co , which supplies chips to Apple and Nvidia.The country also houses smaller chipmakers, including UMC , Vanguard...
Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers

Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers

by AIP Online Bureau | Apr 3, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

The acquisition strengthens Aon’s existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon’s talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India...
Apr1 Renewals: New reinsurance opportunities in Indian market

Apr1 Renewals: New reinsurance opportunities in Indian market

by AIP Online Bureau | Apr 3, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Regulation, Reinsurance, Risk Management, Technology

In contrast to last year’s renewal, 4/1 saw a resurgence in property catastrophe capacity. While there were few new players in the market, existing reinsurers demonstrated an increased appetite to grow their property catastrophe books in India. However,despite excess...
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