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Bermuda suspends permits for Russian-operated planes over safety oversight concerns

by AIP Online Bureau | Mar 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Of the nearly 1,000 planes in the Russian fleet, 745 were registered in Bermuda, aviation consulting firm IBA said on March 1. Of those, 713 were leased and 32 owned Russia’s government said on Thursday it had proposed allowing foreign planes leased by Russian...

Generali gets CCI’s nod for increasing stake in Future Generali to 74 pc

by AIP Online Bureau | Mar 17, 2022 | Indian News, Life, Non-Life, Policy, Regulation

Italy’s biggest insurer agreed in January to buy a 25% stake in Future Generali India Insurance from its joint venture partner, debt-laden Future Group, for 145 million euros ($159.37 million), giving the Italian group 74% ownership of the venture New Delhi: The...
Air Lease says Russian law on leased jets could help in claiming insurance

Air Lease says Russian law on leased jets could help in claiming insurance

by AIP Online Bureau | Mar 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

“It (the law) helps the insurance question because it demonstrates the intent to confiscate which is, I think, a critical aspect of our war-risk insurance,” Air Lease chairman Steven Udvar-Házy said on Wednesday The new law allows Russian airlines to place...
Munich Re announces withdrawal from Russian business

Munich Re announces withdrawal from Russian business

by AIP Online Bureau | Mar 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Existing contracts in Russia and Belarus will not be renewed,” the Munich-based company said on its website Wednesday. The same applies to Munich Re’s investments in the region Exceptions will only be made if ending business “would negatively affect persons or...
Your connected car knows you. The tussle for that data’s hitting high gear

Your connected car knows you. The tussle for that data’s hitting high gear

by AIP Online Bureau | Mar 17, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Technology

Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle’s data “If you don’t have access to data in the future, eventually you’ll be squeezed out. You’ll not be efficient, you’ll not have the right services, you...
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