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Japan’s NEXI signs reinsurance agreement with ECGC
Under this agreement, NEXI will underwrite reinsurance for export...
GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure
Nirmala Sitharaman,Union Finance Minister The council, comprising...
Govt amends power policy draft to halt new coal-fired capacity: Reports
India, whose proposed coal power capacity is the highest after China, had repeatedly refused to set a timeline to phase out coal, citing low per-capita emissions, surging renewable energy capacity and demand for inexpensive fuel sources India and China account for...
Reliance shareholders, creditors approve demerger of financial services arm
The financial services arm will now be renamed to Jio Financial Services Limited and will undertake a host of financial services including setting up a life insurance as well as one general insurance company and the shareholders of Reliance Industries will receive one...
El Nino likely to return this year, fuelling global temperatures – WMO
"El Nino will fuel the temperature globally," he said. "We feel the effect of El Nino temperatures globally with a slight delay" The El Nino weather pattern is likely to develop later this year and could contribute to rising global temperatures, the World...
Maha: Court awards Rs 1.19 cr compensation to family of man killed in road accident
MACT member M M Walimohammed, in the order passed on April 25, directed Gulnar Plastics Pvt Ltd at Silvassa, the owner of the offending vehicle, and its insurer Tata AIG General Insurance Company Ltd, to jointly and severally make the payment of Rs 1,19,64,400 to the...
General insurers can now issue 30-yr fire policies
Hyderabad: The general insurers will now be allowed launch 30 -year fire insurance policies. Taking in to consideration the need for long-term coverages in fire Insurance products, , it is proposed to permit general insurers offer “long-term products” covering Fire...
Burning oil tanker off Malaysia raises safety concern about shadow fleet
A vast shadow fleet of aging tankers has been enlisted to carry sanctioned oil across the globe, raising questions about safety and insurance standards Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a...
Credit Suisse AT1 bondholders who lost $1.7 billion in UBS Deal file lawsuits
The latest claims mean that investors representing more than a third of the $17 billion in AT1 bonds issued by Credit Suisse have now sought to get their money back. US law firm Quinn Emmanuel last month filed a claim in Swiss court representing more than 400...
Indeerjit Singh assumes charge as SG, GI Council
Indeerjit Singh, Secretary General, General Insurance Council Mumbai; Indeerjit Singh,59,director and general manager, GIC Re, on Tuesday has assumed the charge of secretary general of General Insurance Council(GI Council), the official self regulatory...
Lohum and ACKO partner to recycle and reuse batteries covered under EV extended battery warranty insurance
The exclusive partnership is a significant milestone for the EV industry, as it marks the first time of an association for EV battery insurance in the country to include provisions for reusing and recycling of the batteries Bengaluru: Lohum, India's largest producer...
Tata AIG appoints Anjani Kumar as CTO
Tata AIG General Insurance has appointed Anjani Kumar as chief technology officer (CTO). With over 24 years of experience in digital business transformation and technology spectrum across diversified industries such as IT consulting, logistics, pharma, automobile and...