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AAIB to probe helicopter crash in Uttarakhand

AAIB to probe helicopter crash in Uttarakhand

by AIP Online Bureau | May 8, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

Five people were killed and two others injured in the helicopter crash that happened near Gangnani in Uttarkashi district.Seven people, including the pilot, were on board the helicopter of Ahmedabad-based private company AeroTrans Services Pvt Ltd, one of the...
Patrick Tiernan appointed as Lloyd’s CEO

Patrick Tiernan appointed as Lloyd’s CEO

by AIP Online Bureau | May 8, 2025 | International News, Non-Life, Regulation, Reinsurance, Technology

Patrick Tiernan, CEO-designate, Lloyd’s “My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation. We will work at pace...
Hostilities between India-Pakistan heighten credit risks for both nations: S &P

Hostilities between India-Pakistan heighten credit risks for both nations: S &P

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Risk Management

“The outbreak of hostilities between India and Pakistan has increased regional credit risks, especially for the two sovereigns involved. Our base case is for the intense military actions to be temporary, which will give way to a longer period of contained and...
GI Council set to launch Motor Insurance reforms

GI Council set to launch Motor Insurance reforms

by AIP Online Bureau | May 7, 2025 | Indian News, Non-Life, Technology

Though the details of the Motor Insurance agenda is yet to be known, sources said like common empanelment of hospitals  and standard rates in the Health Insurance, there will be nationwide common empanelment of garages with standard rates. Mumbai:After undertaking the...
Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Risk Management

Fed Chair Jerome Powell “Uncertainty about the economic outlook has increased further,” the FOMC said at the end of a two-day meeting during which officials agreed unanimously to keep the central bank’s benchmark interest rate steady in the...
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