by AIP Online Bureau | Mar 27, 2024 | Indian News, Life, Non-Life, Regulation
It is also proposed by Hinduja group to raise borrowing for acquisitions of shares of Reliance Capital Ltd , which will also violate the existing regulations, said IRDAI Hyderabad: The Indian insurance regulator IRDAI, as part of its due diligence process, has...
by AIP Online Bureau | Mar 27, 2024 | Breaking News!, International News, Non-Life, Reinsurance, Risk Management
Claims could total up to $4 bln, record for shipping disasterInsurance lines affected include property, marine, liabilityInternational Group of P&I marine insurers have reinsurance cover of $3.1 blnAXA lead reinsurer on first layer of IG reinsurance...
by AIP Online Bureau | Mar 27, 2024 | International News, Non-Life, Reinsurance, Risk Management
A key to determining any insurance claims will be proving whether the accident was caused by negligence, and if so by whom, or mechanical failure, according to Bloomberg Intelligence. The ship is insured by the Britannia Protection and Indemnity Club, which is a...
by AIP Online Bureau | Mar 27, 2024 | International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology
The probe — aimed partly at determining what the companies may have known but didn’t disclose — follows a landmark lawsuit the SEC filed in October against SolarWinds Corp., claiming it failed to maintain adequate controls and defrauded investors by downplaying...
by AIP Online Bureau | Mar 27, 2024 | International News, Non-Life, Reinsurance
“A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time. A victim of a federal crime is entitled to receive certain services,” the letter stated. The Federal Bureau of Investigation(FBI) has...