by AIP Online Bureau | Jul 16, 2026 | Indian News, Life, Non-Life, Reinsurance
“We assure clients of uninterrupted service, continuity of coverage and consistent relationship management, as the existing facultative reinsurance portfolio from Allianz Commercial / Allianz Global Corporate & Specialty (AGCS) will be transitioned to...
by AIP Online Bureau | Jul 16, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy
A recent Indian Supreme Court ruling on motor accident compensation, coupled with pricing pressures, has raised the risk of further provisioning and earnings downgrades, analysts said. Mumbai:Shares of ICICI Lombard General Insurance logged their steepest fall in six...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News
A senior Yemeni official warned on Monday that the country’s armed forces were prepared to close the Bab el-Mandeb Strait – a move he said could send oil prices soaring to $200 a barrel – if Saudi Arabia continued to attack Yemen, according to a report on Iran’s Press...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance
The Bank of England and the Financial Conduct Authority laid out plans for a captive insurance regime, according to a statement Tuesday. Captive insurers are entities set up by companies or public institutions that provide their own cover. The UK has proposed rules to...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its latest midsummer outlook, the National Climate Centre forecast that as many as six tropical cyclones would hit China this summer, a higher number than average. These storms “are expected to be strong overall” and to affect mainly coastal areas of southern and...
