Currently, investment in corporate bonds maturing in less than...
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IndiaFirst Life’s corporate agency partnership with Northern Arc Capital
IndiaFirst Life Insurance Company (IndiaFirst Life) has announced a...
Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance
“BOXX’s digital-first, service-led approach will help us further...
Gallagher rebrands its Indian broking outfit
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: "This marks the first time the standalone Gallagher brand has been used in India and is a significant step as we continue to expand our footprint globally. We view...
SoftBank execs to quit Paytm, Policybazaar boards as part of global plan
The decision is part of SoftBank's global strategy to exit from the boards of most of its listed portfolio companies, said the source SoftBank will, however, retain its shareholding in the two Indian companies New Delhi; Representatives of SoftBank Group Corp will...
Investors push 10,000 companies to disclose environmental data to CDP
The call comes as money managers demand better information on climate change, biodiversity and water security to help them analyse the performance of company boards as the world looks to come good on a plan to limit human-driven global warming This year, more than 680...
Marsh McLennan to exit Russia Businesses
Dan Glaser, President and CEO, Marsh McLennan, said, “We condemn the unprovoked attack by the Russian government against the people of Ukraine. Having watched with horror the tragic human toll in Ukraine, we feel compelled to take this action. We intend to transfer...
Howden M&A bolsters its Asia Pacific team to manage surging deal activity
There is a significant growth in demand for M&A insurance in APAC, with clients seeking to manage the transactional risks that arise in the course of M&A transactions There were 20,694 deals in APAC with an aggregate value of USD 1.193 trillion, up from 17,745...
Samsung hacked by foreign entity, confidential data leaked: Report
Data extortion entity Lapsus$ has claimed that it hacked the system of the South Korean tech giant and leaked up to 190 gigabytes of its data and source code online, according to the sources Seoul: Samsung Electronics has allegedly been hacked by a foreign hacking...
2021, the most challenging year yet for cyber insurance market: Aon’s Asia Market Review
Organisations with better ability to tolerate risk, and with well-articulated submissions to the market, will have the competitive edge when it comes to accessing insurance coverage, said the report Cyber Threat: Insurance premiums and retentions increased sharply...
BSE EBIX and LIC join hands for distribution of insurance products
EbixCash, a subsidiary of Ebix, Inc. is in the process of seeking IRDA approval to transfer its share ownership in BSE EBIX from its parent Ebix Singapore Pte Ltd. to EbixCash Limited Mumbai: BSE and Ebix Singapore Pte announced the signing of distribution agreement...
Airlines likely to avoid Ukraine’s airspace amid insurance issues
News agency Interfax Ukraine said Ukrainian insurance companies had received a notification from reinsurers that airlines were not covered for war risks More airlines are likely to avoid Ukraine’s airspace amid insurance issues and a decision by leading European...
Axis Bank set to buy Citigroup’s India retail unit for $2.5 bn: Report
For Citigroup Chief Executive Officer Jane Fraser, the planned India retail sale is part of a restructuring to simplify the U.S. lender, do away with its retail banking operations in 13 countries across Asia and Europe, and focus on high-growth businesses such as...