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Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires

Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires

by AIP Online Bureau | May 16, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The result “gives us confidence in our 2025 targets despite a challenging environment,” Chief Executive Officer Andreas Bergersaid in a statement on Friday Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive...
Covid-19 wave returns in Asia, cases increase in Hong Kong, Singapore

Covid-19 wave returns in Asia, cases increase in Hong Kong, Singapore

by AIP Online Bureau | May 16, 2025 | Eco/Invest/Demography, Health, International News, Risk Management

Densely-populated financial centres such as Hong Kong and Singapore have reported significant increases in infections, while health agencies in China and Thailand are also grappling with fresh outbreaks. Despite previous periods of relative stability, the current wave...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions

FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions

by AIP Online Bureau | May 16, 2025 | Indian News, Non-Life, Regulation, Reinsurance

The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
‘Form SITs to ascertain nature’ SC cancels MoEF nod over transfer of forest land to pvt body

‘Form SITs to ascertain nature’ SC cancels MoEF nod over transfer of forest land to pvt body

by AIP Online Bureau | May 16, 2025 | Climate, Environment, Renewable Energy, Indian News, Policy

“We further direct the chief secretaries of all the states and the administrators of all the Union Territories to constitute special investigation teams for the purpose of examining as to whether any of the reserved forest land in the possession of the revenue...
Passenger vehicle dispatches rise 4 pc, two-wheelers see 17 pc dip in April: SIAM

Passenger vehicle dispatches rise 4 pc, two-wheelers see 17 pc dip in April: SIAM

by AIP Online Bureau | May 15, 2025 | Data, Eco/Invest/Demography, Non-Life, Regulation

SIAM Director General Rajesh Menon stated that the auto industry smoothly transitioned to the new regulatory regime of second stage of On-Board Diagnostics (OBD) 2 regulation for two- and three-wheelers from April 2025 onwards, in addition to rolling out E-20...
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