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Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance for $400 million

Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance for $400 million

by AIP Online Bureau | Jun 14, 2023 | Indian News, Non-Life

Kotak, which is a relatively smaller general insurance player, is holding stake sale talks as it hopes to get an investor who can help them “turn around the business and grow faster”. Mumbai: Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General...
EU orders Google to break up digital ad business over competition concerns

EU orders Google to break up digital ad business over competition concerns

by AIP Online Bureau | Jun 14, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

It’s the first time the bloc has ordered a tech giant to split up keys of business. The European Commission, the bloc’s executive branch and top antitrust enforcer, said that its preliminary view after an investigation is that only the mandatory divestment...
Emerging Risks: From frozen Arctic to hacking AI

Emerging Risks: From frozen Arctic to hacking AI

by AIP Online Bureau | Jun 14, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

Patrick Raaflaub, Swiss Re’s Group Chief Risk Officer, said: “The concurrent increases in economic interests, environmental change and geopolitical tensions make the Arctic a hotbed for emerging risks and potential risk accumulation. With SONAR, we aim to...
Putin says Russia thinking of ditching grain deal due to West’s ‘cheating’

Putin says Russia thinking of ditching grain deal due to West’s ‘cheating’

by AIP Online Bureau | Jun 14, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Vladimir Putin, President, Russia “We are thinking about getting out of this grain deal now,” Putin told a meeting of Russian war correspondents and military bloggers. “Unfortunately, we were once again cheated – nothing was done in terms of...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’

IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’

by AIP Online Bureau | Jun 14, 2023 | Health, Indian News, Intermediaries, Life, Non-Life, Technology

All regulated entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, the regulated entities are required to submit available details of `Cyber Security Incident’ to the regulator in an enclosed...
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