The plane hit the runway at a 50% greater descent velocity than the...
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MoF shortlists 5 GMs for selection of OIC CMD
The five names are Rekha Solanki, GM, OICL, Anjana Saxena,...
Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26...
CMD Selection: FSIB recommends Neerja Kapur for New India,Girija Subramanian for AIC
Neerja Kapur, general manager , New India Assurance The FSIB, that replaced the BBB (Banks Board Bureau) as the head hunting agency for the top management of PSU banks and insurance companies on July 1, had interviewed seven shortlisted general mangers of different...
ICICI Gen launches `Motor Floater & Pay-As-You-Use’ policies
Sanjeev Mantri, executive director, ICICI Lombard General said “ Pay-How-You-Use and Pay-As-You-Use would go a long way in ensuring additional transparency and convenience for the end customer as these add-ons would precisely give them an idea of the coverage and...
FSIB to select CMDs of New India and AIC today
The GMs, who will be appearing for the interview are- M Rajeswari Singh, Agriculture Insurance Company,BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch ,Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance Company(OIC),...
Only 11% of 69 cr beneficiaries have taken Covid precaution doses; officials blame complacency
Official sources also said that six states, including Kerala, Maharashtra, Tamil Nadu and West Bengal, are reporting more than 1,000 average daily cases. Also, 181 districts in India are reporting a weekly positivity of more than 10 per cent (in the week ending July...
ECGC IPO likely to hit market in fourth quarter of FY23: CMD
M Senthilnathan, CMD,ECGC ''The initial review of ECGC has been done by DIPAM and the next direction is expected from them. Initially, we were told that the listing will happen somewhere around the last quarter of the current financial year. So, I think they will be...
Wage Revision: PSU general insurance unions defer their 2-day nationwide strike from July 27
It was informed that meeting of CMDs, DFS with finance minister scheduled for 22nd July could not take place as she is detected Covid positive. A final decision in the matter is expected during the meeting, to be convened after she assumes office,’’ said a...
Royal Sundaram inks Bancassurance tie-up with City Union Bank
Royal Sundaram General Insurance has entered into a bancassurance partnership with City Union Bank. This arrangement will enable the customers of the bank to have easy access to a comprehensive suite of best-in-class general insurance products from Royal Sundaram...
London as financial hub struggles to find its way in Brexit Britain
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
Space sector startups seek clarity on financing, insurance in space policy
''To give more thrust to our space programme, we need to target much more lenient insurance policies where the government can come forward and help out in a bigger way than what is done in other countries,'' Pawan Kumar Chandana, CEO of Skyroot Aerospace, which is...
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...