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Jan1 Renewals: With abundant capital reinsurers get relief from price rise, says Gallagher Re

by AIP Online Bureau | Jan 3, 2024 | International News, Reinsurance

2024 looks to have provided a welcome return to more stability and predictability, allowing the expectations of all parties to be managed in a less rancorous fashion than 12 months ago London: According to reinsurance broker Gallagher Re, the Jan 1,2024 renewal season...
Reinsurance: Jan 1 renewals see favourable market conditions

Reinsurance: Jan 1 renewals see favourable market conditions

by AIP Online Bureau | Jan 3, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

David Howden, founder & CEO, Howden Headwinds are nevertheless likely to persist into 2024. Expectations are for modest economic growth across advanced economies. Inflation volatility, climate change, the net-zero transition, civil unrest and war, can be more...

Why truck-bus-tanker drivers are up in arms against new law for hit-and-run cases?

by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, Features, Non-Life, Policy, Risk Management

There’s a lack of consensus, with some arguing that over-speeding alone is not rash driving. The criteria for rash and negligent driving remain arbitrary and unclear, advocate Shashank Dewan New Delhi: With nation-wide strikes by truck drivers entering the...

Global shipping firms continue to pause Red Sea shipments

by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark’s Maersk and...
LIC gets GST demand notice of Rs 116 crore

LIC gets GST demand notice of Rs 116 crore

by AIP Online Bureau | Jan 3, 2024 | Indian News, Life, Policy, Regulation

The demand for Telangana came a day after LIC on Monday received a similar notice demanding about Rs 806 crore for short payment of GST for 2017-18 along with interest and penalty for Maharashtra Mumbai: Life Insurance Corporation of India (LIC) on Tuesday said tax...
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