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Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC

Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC

by AIP Online Bureau | Mar 24, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Two of Lloyd’s Syndicates, Syndicate 2047 set up by Bobby Swarup’ Niyam Group and Syndicate 2454, belonging to Africa Specialty Risks(ASR), have already announced their decisions to be part Lloyd’s platform in the GIFT-IFSC. GIFT...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance

NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance

by AIP Online Bureau | Mar 24, 2026 | Eco/Invest/Demography, Indian News, Life, Policy

Taking cognisance of the complaint, the bench of the Commission headed by Priyank Kanoongo has issued a notice to Insurance Regulatory and Development Authority of India (IRDAI), directing it to take appropriate action in this matter and submit a response to the...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

by AIP Online Bureau | Mar 24, 2026 | International News, Non-Life, Reinsurance

Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over from Apr 20, is currently based in Singapore and handles markets like India, Korea, Hong Kong and Taiwan, for Swiss Re. Hong Kong:Victor Kuk, Swiss Re’s Head of Client Markets for P&C...
Govt advertises for New India’s CMD post, pvt sector candidates can apply

Govt advertises for New India’s CMD post, pvt sector candidates can apply

by AIP Online Bureau | Mar 24, 2026 | Indian News, Non-Life, Policy

The post will fall vacant as Girija Subramanian, CMD, NIA, will be retiring on July 31.Both eligible PSU and private sector candidates can apply. Last date for applying is Apr 21 New Delhi:After filling up the post of CMD at GIC Re, the FSIB has invited applications...
West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives

West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives

by AIP Online Bureau | Mar 23, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance

The Department of Financial Services(DFS) last week has written to the IFSCA to go ahead with earlier plans to develop P&I Club and Captives in its jurisdiction after eruption the West Asian geopolitical crisis completely disrupting shipping and supply of oil and...
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