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Lockton hires Darshan Parikh from Marsh

by AIP Online Bureau | Aug 13, 2025 | Briefs, Intermediaries, Non-Life, Reinsurance

Lockton, has announced the appointment of Darshan Parikh as senior director, corporate solutions group (CSG).He was with Marsh Insurance Brokers, where he led the Marine, Aviation, and Facultative Reinsurance businesses. With over 15 years of experience in global and...

Typhoon Podul blows through southern Taiwan leaving one person missing

by AIP Online Bureau | Aug 13, 2025 | Workplace/Employee Benefits

All domestic flights were canceled on Wednesday – 252 in total – while 155 international flights were also called off, the transport ministry said Typhoon Podul blew through southern Taiwan on Wednesday packing winds of up to 191 kph (118 mph) and leaving one person...
Shadow tanker fleet grows more slowly as Western sanctions target Russian oil

Shadow tanker fleet grows more slowly as Western sanctions target Russian oil

by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Together with U.S. restrictions, they mean more than 440 shadow fleet tankers face sanctions, including tankers Moscow needs to ship oil to its biggest buyers, China and India Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous...

Advent International to acquire Israeli software provider Sapiens International for $2.5 billion in cash

by AIP Online Bureau | Aug 13, 2025 | International News, Technology

“Insurers are increasingly turning to technology to help unlock growth and profitability… We will work with the company (Sapiens) to accelerate investment into technology innovation, AI, and customer centricity,” Douglas Hallstrom, a director at Advent, said in a...
RBI panel recommends AI framework for finance sector

RBI panel recommends AI framework for finance sector

by AIP Online Bureau | Aug 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

“The report envisions a financial ecosystem where encouraging innovation is in harmony, and not at odds, with mitigation of risk,” the RBI said in a statement MUMBAI: An RBI panel has recommended that banks and other financial institutions formulate a...
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