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Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner

Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Life, Regulation

Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd’s promoter and CEO Rajesh Mehta from dealing in the company’s securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress...
Kotak Life appoints Amit Palta as Deputy Managing Director

Kotak Life appoints Amit Palta as Deputy Managing Director

by AIP Online Bureau | Jun 4, 2026 | Briefs, Life

Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director – designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
Mapfre Re appoints Swiss Re’s Chaturbhuj Bansal to head its GIFT-IFSC branch

Mapfre Re appoints Swiss Re’s Chaturbhuj Bansal to head its GIFT-IFSC branch

by AIP Online Bureau | Jun 4, 2026 | Indian News, Non-Life, Reinsurance, Workplace/Employee Benefits

This appointment represents a key milestone in Mapfre Re’s Asia-Pacific strategy and supports the company’s ambition to build a strong local presence, enhancing proximity to clients and brokers in the region GIFT City: Spanish major Mapfre Re has appointed Chaturbhuj...
CEOs quitting general insurance companies to pursue entrepreneurial ventures

CEOs quitting general insurance companies to pursue entrepreneurial ventures

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Workplace/Employee Benefits

“Private equity firms recognise that capital alone cannot unlock this market; what converts opportunity into enterprise is the credibility that only seasoned operators can provide. A veteran CEO carries, in effect, a ready-assembled portfolio of regulator...
Global insurance market expected to continue shifting eastward over next decade: Allianz

Global insurance market expected to continue shifting eastward over next decade: Allianz

by AIP Online Bureau | Jun 3, 2026 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Risk Management

Overall, the global insurance market is expected to grow at an annual rate of +5.3% over the next ten years, slightly above economic output. Munich:The global insurance market is expected to continue shifting eastward over the next decade, with India and China gaining...
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