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ICICI Bank to raise holding in ICICI Lombard General by 4% to 52 pc by next year

by AIP Online Bureau | May 30, 2023 | Indian News, Non-Life, Regulation

At the current trading market price, the bank will have to shell out about Rs 2,352.5 crore to acquire a 4 per cent shareholding Mumbai: ICICI Bank has said its Board has approved a plan to raise its stake in general insurance arm ICICI Lombard by 4 per cent in the...
NIA returns to black with Rs 143 crore of net profit in Q4FY23, combined ratio at 119.47 %

NIA returns to black with Rs 143 crore of net profit in Q4FY23, combined ratio at 119.47 %

by AIP Online Bureau | May 29, 2023 | Indian News, Non-Life

Neerja Kapur, CMD, NIA NIA has declared a dividend of Rs 1.93 per share with a face value of Rs 5 NIA’s underwriting losses have fallen by 5 per cent y-o-y to Rs 1,690 crore in Q4FY23 Operationally, the company looks forward to an improved performance in FY24 in...
Will meet FM Sitharaman to claim refund of Rs 9242.60 cr deposited in NPS: HP CM Sukhu

Will meet FM Sitharaman to claim refund of Rs 9242.60 cr deposited in NPS: HP CM Sukhu

by AIP Online Bureau | May 29, 2023 | Indian News, Pension & Social Security, Policy

Sukhvinder Sukhu,Chief Minister,Himachal Pradesh Sukhu also assured that the benefits of the old pension scheme would be extended to board-corporation employees, and corporations that have been excluded from this scheme would be included in due course Dharamshala:...
India to push back against ‘agenda-driven’ global ranking firms – Modi advisor

India to push back against ‘agenda-driven’ global ranking firms – Modi advisor

by AIP Online Bureau | May 29, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

Sanjeev Sanyal, a member of Modi’s Economic Advisory Council Sanjeev Sanyal,member of PM’s Economic Advisory Council, said the ratings also get hard-wired into decision-making through environmental, social and governance (ESG) norms and sovereign ratings....
19th SIRC 2023 on ‘(RE)INSURANCE RESET’ will be held in Singapore from 30 October to 2 November, will be an all in-person event

19th SIRC 2023 on ‘(RE)INSURANCE RESET’ will be held in Singapore from 30 October to 2 November, will be an all in-person event

by AIP Online Bureau | May 29, 2023 | International News, Non-Life, Reinsurance

The Singapore Reinsurers’ Association (SRA) Chair, Marc Haushofer said “The SRA Executive Committee (EXCO) had deliberated intensely over the messaging that would appropriately encapsulate the state of the industry today, which had over the past few months displayed...
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