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IndiaFirst Life’s corporate agency partnership with Northern Arc Capital

by AIP Online Bureau | Jul 8, 2025 | Banking & Bancassurance, Briefs, Intermediaries, Life

IndiaFirst Life Insurance Company (IndiaFirst Life) has announced a strategic corporate agency partnership with Northern Arc Capital Ltd. (Northern Arc), a leading diversified financial services platform. Under this agreement, Northern Arc will distribute IndiaFirst...

Houthi militants continued to pound a commercial ship in the Red Sea

by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“These incidents highlight the Houthis’ disregard for human life, as they continue to exploit seafarers as pawns in their strategic conflicts,” said Jakob Larsen, chief safety and security officer at BIMCO, the world’s largest direct-membership trade group for the...

Maharashtra govt yet to pay Rs 1,015-crore premium to insurance companies: Minister

by AIP Online Bureau | Jul 8, 2025 | Indian News, Non-Life, Policy, Reinsurance

Speaking in the legislative council, Agriculture Minister Manikrao Kokate said the state government will pay its instalment to insurance companies (on behalf of farmers) within eight days. He assured all eligible farmers will get money for crop losses within 15 days...

Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services

by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pension & Social Security

A forum of 10 trade unions has given a 17-point charter of demand. It includes withdrawal of fixed-term employment and scrapping of Agnipath scheme, 8-hour workday, restoration of non-contributory Old Pension Scheme and a minimum monthly penion of Rs 9,000 for the...
Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill

Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill

by AIP Online Bureau | Jul 8, 2025 | International News, Non-Life, Reinsurance, Risk Management

On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam on India’s southern tip to Kochi had capsized. The incident had resulted in leaking fuel and releasing cargo, some of which contained hazardous material. NEW DELHI: India’s southern state...
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