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EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap

EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap

by AIP Online Bureau | Jul 18, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“For the first time, we’re designating a flag registry and the biggest Rosneft refinery in India,” EU foreign policy chief Kaja Kallas said in a post on X. Other measures adopted by EU include sanctions on dozens more vessels in Russia’s shadow...
RBI to issue climate risk disclosure rules for banks soon

RBI to issue climate risk disclosure rules for banks soon

by AIP Online Bureau | Jul 18, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

As part of the central bank’s climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms. Such disclosures are expected to be included in...
Air India cockpit recording suggests captain cut fuel to engines before crash, report

Air India cockpit recording suggests captain cut fuel to engines before crash, report

by AIP Online Bureau | Jul 18, 2025 | International News, Risk Management, Technology

India’s Aircraft Accident Investigation Bureau (AAIB), which is leading the investigation into the crash, said in a statement on Thursday that “certain sections of the international media are repeatedly attempting to draw conclusions through selective and...
Global Cat insured losses at least $100 billion for 1H 2025: Aon

Global Cat insured losses at least $100 billion for 1H 2025: Aon

by AIP Online Bureau | Jul 17, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

According to preliminary estimates, 1H economic losses in the U.S. alone reached at least $126 billion, surpassing 1994 ($115 billion) as the costliest 1H on record and significantly above the 1H average since 2000 ($41 billion). In contrast, economic losses in all...
Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance

Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance

by AIP Online Bureau | Jul 17, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Regulation

Industry expert said that with WestBridge Capital’s controlling stakes in both, KIWI General Insurance and Start Health, there may be a potential for merger. If that doesn’t happen then the only option is that WestBridge dilutes its holding in Star Health...
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