Sumita Dawra, Secretary, Ministry of Labour and Employment and...
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American Airlines jet engine catches fire after landing in Denver, passengers evacuated
The engine fire is the latest in a series of high-profile aviation...
Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance
Patanjali Ayurved, along with other investors, have bought...
Nearly 15 million deaths directly or indirectly linked to COVID-19
“The United Nations system is working together to deliver an authoritative assessment of the global toll of lives lost from the pandemic. This work is an important part of UN DESA’s ongoing collaboration with WHO and other partners to improve global mortality...
Future Group sells 25 pc stake in FGIICL to JV partner Generali for Rs 1,266 cr
As part of the deal, Generali has an option to buy out FEL’s remaining interest in FGIICL ''directly or through a nominee'' at an agreed valuation, subject to applicable regulatory approvals, FEL had said earlier New Delhi: Debt-ridden Future Group on Thursday said it...
White House to boost support for quantum technology while boosting cybersecurity
The memorandum offers a road map to federal agencies to update their information technology systems to help defend against complex quantum attacks, establishing goals and milestones. It also establishes a working group between the public and private sectors to...
Jenny Lim appointed as CEO, Howden Singapore
Singapore/ London: Howden, the international insurance broker, today announces that it has promoted Jenny Lim to the role of CEO, Howden Insurance Brokers (S.) Pte. Ltd. effective 1 May. Singapore is an important market for Howden and it is Howden’s largest retail...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
4 PSU general insurers look for a consultant for organisational rejig and profitability
In a move, indicating possibilty of a future merger, the four general insurers have decided to appoint a common consultant for which GIPSA - the coordinating body for the PSU general insurers, has called for Request for Proposal (RFP) from eligible entities to...
Berkshire shareholders look beyond Warren Buffett, Charlie Munger
Warren Buffett Buffett, 91, has run Berkshire since 1965 Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omaha, Nebraska Berkshire Hathaway Inc. shareholders on...
Delhi HC again adjourns `Singh-BBB’ case to May 19
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)...
India’s Covid positivity rate past 1% again after 2 months
The number of active cases rose by 408 in a 24-hour span to reach 19,500, the data updated at 8 am showed New Delhi: India's Covid case positivity rate went past one per cent again after over two months as the country witnessed a single-day rise of 3,157 infections...
AM Best maintains its negative market segment outlook on India’s non-life insurance
The Best’s Market Segment Report, titled, “Market Segment Outlook: India Non-Life Insurance,” states that key lines of non-life business, including health, motor and crop insurance, have been challenged for several years by poor underwriting performance. Despite an...