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Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London

Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London

by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance

The High Court claim also names Fidelis Insurance Ireland, HDI Global Speciality, Abu Dhabi National Insurance Company , Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Speciality Europe Aircraft leasing firm Dubai...

Moody’s cuts Fosun International’s credit rating, raises concerns over asset sales

by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Non-Life

Fosun’s insurance shareholdings include AmeriTrust Group, Peak Re, Fosun Insurance Portugal, and Pramerica Fosun Life Insurance. Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from...
China’s Fosun weighs options for Hong Kong-based Peak Re: Sources

China’s Fosun weighs options for Hong Kong-based Peak Re: Sources

by AIP Online Bureau | Oct 27, 2022 | International News, Non-Life, Reinsurance

Fosun is working with a financial adviser as it considers options including the potential sale of its majority stake or a minority interest in the reinsurer, the people said, asking not to be identified because the matter is private. A transaction could value Peak Re...
Singapore says crypto ban not feasible, proposes risk mitigation measures

Singapore says crypto ban not feasible, proposes risk mitigation measures

by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy

While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is “highly risky” and not suitable for the general public such digital assets play a supporting role in the broader digital...

PSU General insurers to clear five-yr wage arrears without govt extra support on Nov 10

by AIP Online Bureau | Oct 26, 2022 | Indian News, Non-Life

“Yes, we have now got instruction from the government to clear the arrears of our employees at one shot on 10th November with or without any financial supports from it. If the government is not giving any additional funds, we will have our own internal source of...
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