by AIP Online Bureau | Feb 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management
The Treasury Department also sanctioned 14 crude oil tankers identified as being linked to the company, Treasury said in a statement. The company had already been sanctioned by Australia, Canada, New Zealand and the UK, and faced European Union restrictions. The US...
by AIP Online Bureau | Feb 23, 2024 | Eco/Invest/Demography, Indian News, Non-Life
Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for Rs 40.51 billion and an additional 19% holding within three years of the first purchase Bengaluru/Mumbai: Zurich Insurance Group will buy a 70% stake in Kotak...
by AIP Online Bureau | Feb 23, 2024 | Indian News, Non-Life, Regulation, Reinsurance
The IRDAI, after consultation with the Advisory Committee, and with the previous approval of the Central Government has taken the decision that the percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC...
by AIP Online Bureau | Feb 23, 2024 | International News, Risk Management, Technology
With satellites covering almost every inch of the planet, experts want all commercial flights to transmit their position and other key data almost constantly over a tamper-proof system. It shouldn’t matter whether the aircraft’s in trouble or not “Good Night....
by AIP Online Bureau | Feb 22, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management, Technology
Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
