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Govt to file final papers for LIC IPO with Sebi soon, says official

Govt to file final papers for LIC IPO with Sebi soon, says official

by AIP Online Bureau | Mar 11, 2022 | Indian News, Life, Wealth Management/ Philanthropy

The government is presently in the wait-and-watch mode because of the market volatility induced by the Russia-Ukraine war and will decide on the timing of the initial public offering (IPO) of Life Insurance Corporation New Delhi: The government is planning to soon...
Govt appoints Ex-financial services secretary Debasish Panda as new IRDAI chief

Govt appoints Ex-financial services secretary Debasish Panda as new IRDAI chief

by AIP Online Bureau | Mar 11, 2022 | Indian News, Life, Non-Life, Regulation, Reinsurance

Debasish Panda, chairman, IRDAI The appointments committee of Cabinet (ACC) has approved the appointment of Panda, a former secretary, department of financial services, as chairman of the IRDAI for three years on Friday New Delhi; Finally, the government has appointed...

Rakesh Joshi appointed as member,Finance & Investment, IRDA

by AIP Online Bureau | Mar 11, 2022 | Indian News, Life, Non-Life, Regulation

The appointments committee of the cabinet (ACC) has approved the appointment of Joshi as member, IRDAI, for three years, said a DoPT order The post had fallen vacant following the retirement of Pravin Kutumbe after completing his three-year tenure in March 2021 New...

Ukraine Crisis: Lloyd’s Register stop services to Russia

by AIP Online Bureau | Mar 11, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Based on the latest legislative requirements taking effect in the United Kingdom, the European Union and United States, LR has confirmed that it will disengage from the provision of all services to Russian owned, controlled or managed assets or companies,” it said in...
Marsh McLennan to exit Russia Businesses

Marsh McLennan to exit Russia Businesses

by AIP Online Bureau | Mar 11, 2022 | Intermediaries, International News, Non-Life, Reinsurance

Dan Glaser, President and CEO, Marsh McLennan, said, “We condemn the unprovoked attack by the Russian government against the people of Ukraine. Having watched with horror the tragic human toll in Ukraine, we feel compelled to take this action. We intend to transfer...
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