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KKR to buy 10% stake in Shriram General Insurance ahead of IPO

by AIP Online Bureau | Dec 16, 2021 | Indian News, Non-Life, Wealth Management/ Philanthropy

The Chennai-based Shriram Group is selling the stake in Shriram General Insurance Co. ahead of a potential initial public offering that could take place as soon as 2022.The deal may be announced as early as next week, sources said Mumbai: KKR & Co. is nearing a...

ICICI Pru Life Insurance signs the UN Principles of Responsible Investing

by AIP Online Bureau | Dec 16, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Life

Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance said, “As part of our commitment towards promoting sustainable investing we recently launched the ‘Sustainable Equity Fund’, an ESG-focused fund, and in the process became the first life insurance...

San Francisco to require sick leave for nannies, gardeners

by AIP Online Bureau | Dec 16, 2021 | Facts, Health, Workplace/Employee Benefits

An employer would pay one hour of wages into the sick leave fund for every 30 hours of service from a domestic worker The measure would affect 10,000 people in the city who work in private homes cleaning, cooking, tending children, garden or providing non-medical care...

Insurance industry joins initiative for decarbonising global shipping

by AIP Online Bureau | Dec 16, 2021 | Intermediaries, International News, Non-Life, Reinsurance, Risk Management

“The disclosure framework provided by the Poseidon Principles will enable us to credibly report our progress towards net-zero insurance using granular marine data,” Patrizia Kern, marine head at Swiss Re Corporate Solutions, said in a statement Other...

Omicron thrives in airways, not lungs; new data on asymptomatic cases

by AIP Online Bureau | Dec 16, 2021 | Facts, Health, Non-Life, Pandemic, Workplace/Employee Benefits

“By infecting many more people, a very infectious virus may cause more severe disease and death even though the virus itself may be less pathogenic. Therefore, taken together with our recent studies showing that the Omicron variant can partially escape immunity...
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