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Investor wealth rises Rs 19 trn as Sensex soars 5,000 pts in 8 sessions

by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The valuations of Indian markets having moderated, geopolitical tensions subsiding, and with more clarity on the timeline for policy rate hikes by the US Federal Reserve, the volatility in the markets is expected to abate, said brokerage house Samco Securities in a...
Ping An posts 29% profit drop on China property woes, but sees losses easing

Ping An posts 29% profit drop on China property woes, but sees losses easing

by AIP Online Bureau | Mar 18, 2022 | International News, Life

The insurance group has been shaken in recent quarters by growing concerns about its investments in the highly indebted property sector, which has been hit by a string of developer defaults, credit rating downgrades and slump in shares and bonds SHANGHAI/HONG KONG:...
Aircraft insurers brace for deluge of Russia claims, with Lloyds on hot seat

Aircraft insurers brace for deluge of Russia claims, with Lloyds on hot seat

by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The Financial Times reported Thursday that Lloyd’s of London is expecting a “significant but manageable overall loss” with a final bill between $1 billion to $4 billion after reinsurance pays out, citing a person familiar with the matter. The exchange didn’t respond...
Swiss Re announces new appointments in Asia and North America

Swiss Re announces new appointments in Asia and North America

by AIP Online Bureau | Mar 18, 2022 | International News, Non-Life, Reinsurance

Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from 1 July 2022 Katie McGrath will succeed Ivan as Regional CEO for Swiss Re Corporate Solutions in North America Russell Higginbotham, chief executive officer Reinsurance...

Reliance General Insurance to provide cover to One Moto India’s e-two wheelers

by AIP Online Bureau | Mar 18, 2022 | Briefs, Indian News, Non-Life, Reinsurance

Electric two-wheeler maker One Moto India on Thursday said it has partnered with Reliance General Insurance to provide motor insurance to its customers. The company, which has launched three electric scooters — Byka, Electa, and Commuta, said the partnership...
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