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Govt clears appointment of Patnaik and Pant as new LIC MDs, Interview for a new CEO soon

Govt clears appointment of Patnaik and Pant as new LIC MDs, Interview for a new CEO soon

by AIP Online Bureau | May 15, 2025 | Indian News, Life, Policy

FSIB will conduct interview soon of all MDs for selecting a new MD & CEO in place of Siddarth Mohanty in June after Patnaik and Pant take over their new positions The MDs who will be appearing for the FSIB interview are-Sat Pal Bhanoo, Ramachandran Doraiswamy,...

Magma General Insurance partners with Toyota Tsusho Insurance Broker India

by AIP Online Bureau | May 14, 2025 | Briefs, Intermediaries, Non-Life, Reinsurance

Magma General Insurance has announced a strategic partnership with Toyota Tsusho Insurance Broker India that will distribute Magma’s comprehensive motor insurance products for private and commercial passenger vehicles through its 150 dealer network. Rajive...
US SEC chair says agency plans to create new rules for crypto tokens

US SEC chair says agency plans to create new rules for crypto tokens

by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Paul Atkins, the chair of the Securities and Exchange Commission In remarks made at the outset of a public meeting of the SEC’s crypto task force, Atkins also indicated that the SEC may consider tweaking its rules so that registered broker-dealers with an alternative...
Markel launches first-of-its-kind affirmative cyber product for collateral war cover

Markel launches first-of-its-kind affirmative cyber product for collateral war cover

by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Reinsurance, Risk Management, Technology

Chris Burgess, Director of Cyber at Markel International, commented: “With this new product, Markel is responding to the changing needs of our clients. We’re conscious that some larger clients still want cyber cover for the indirect impact of war, and this...
UK’s financial regulator to relax rules for pushing insurance to large companies

UK’s financial regulator to relax rules for pushing insurance to large companies

by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance

The changes aim to better differentiate big corporates from smaller businesses that take out insurance, the Financial Conduct Authority said in an emailed statement on Wednesday. The move would “ease the burden on firms insuring larger businesses that can manage risks...
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