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Canopius launches first digital asset custody product on Lloyd’s Asia platform

Canopius launches first digital asset custody product on Lloyd’s Asia platform

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...

ASPEN appoints Tay Boon Chuan as head of Singapore

by AIP Online Bureau | May 22, 2023 | International News, Non-Life, Reinsurance

Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...

by AIP Online Bureau | May 22, 2023 | Workplace/Employee Benefits

ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Regulation

Regulators aim to apply existing rules covering everything from copyright and data privacy to two key issues: the data fed into models and the content they produce, according to six regulators and experts in the United States and Europe As the race to develop more...
RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange

RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange

by AIP Online Bureau | May 22, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

On why there was a deadline for exchanging these notes when they are going to continue as legal tender, Shaktikant Das, governor, RBI said that unless a particular time is stipulated, the process won’t reach finality as people won’t take it seriously....
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