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LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal

LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal

by AIP Online Bureau | Oct 3, 2023 | Indian News, Life, Policy

For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...

Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia

by AIP Online Bureau | Oct 3, 2023 | International News, Non-Life, Policy, Reinsurance

The lessor under Japan’s Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot’s insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a...
Howden unveils a new brand

Howden unveils a new brand

by AIP Online Bureau | Oct 3, 2023 | Intermediaries, Non-Life, Reinsurance

IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth  London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...

UK launches review of regulators, searching for post-Brexit advantages

by AIP Online Bureau | Oct 2, 2023 | Eco/Invest/Demography, International News, Policy, Regulation

“It’s clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies’ lives easier and reducing costs for consumers” London:...

US regulators settle with more firms over use of texts and WhatsApp

by AIP Online Bureau | Oct 2, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The settlements mark the latest enforcement actions in the SEC’s two-year crackdown on Wall Street’s use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels,...
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