Sanjeev Mantri, MD & CEO- designate, ICICI Lombard General...
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Gujarat govt announces relief package for farmers in districts affected by floods due to Narmada river
Based on a report on the estimated damages caused to standing crops...
Mahindra Finance acquires 20 pc stake in Mahindra Insurance Brokers for Rs 206 cr
The company, pursuant to receipt of approval from the Insurance...
Volkswagen faces first mammoth diesel lawsuit on home turf
Around 450,000 people have joined a first-of-its-kind grouped proceeding, introduced by lawmakers after the “dieselgate” emissions cheating scandal broke in 2015
Vaping now linked to 12 deaths, 805 illnesses in U.S
The increased scrutiny also prompted leading e-cigarette maker Juul Labs to suspend all broadcast, print and digital product advertising in the United States and bring in a longtime Altria Group Inc executive as its CEO
Anil Ambani’s Reliance Capital completes 21.54% stake sale in mutual fund arm
The company will further monetise its balance 4.28 per cent stake in Reliance Nippon Life Asset Management (RNAM) worth Rs 700 crore
Multiple cyber attacks on Airbus suppliers; possible link to China: Report
Hackers have targeted British engine-maker Rolls-Royce and the French technology consultancy and supplier Expleo, as well as two other French contractors working for Airbus that AFP was unable to identify.
Boeing 737 fund will pay crash victims’ families $145K each
Nearly 100 lawsuits have been filed against Boeing by at least a dozen law firms representing families of the Ethiopian Airlines crash victims, who came from 35 different countries, including nine U.S. citizens and 19 Canadians.
Singapore minister to deliver keynote address at SIRC
The SIRC Deep Dialogue will provide multifaceted perspectives on the future for the (re)insurance sector – from a seasoned industry insider and a sophisticated institutional investor in insurance and InsurTech – and will provide clues on how the (re)insurance sector will transform in a highly disrupted future.
Reliance Capital’s stake sale to Nippon Life to be completed by month-end
Reliance Capital Ltd, the financial services arm of Anil Ambani-led Reliance Group, has interests in life, health and general insurance, commercial as well as home finance, stock broking, wealth management services, among others.
Business leaders spend less than 1 Day a year focusing on Cyber Risk: Marsh Survey
“We are well into the age of cyber risk awareness, yet too many organisations still struggle with creating a strong cyber-security culture with appropriate levels for governance, prioritization, management focus, and ownership,” said Kevin Richards, global head of Cyber Risk Consulting, Marsh. “This places them at a disadvantage both in building cyber resilience and in confronting the increasing complex cyber landscape.”
Aviation industry braces for double-digit premium hikes after 737 MAX groundings
“We have been seeing gradual growth in rates over the last year to two years, but the level of increases has certainly picked up since the MAX losses,” Global Aerospace executive Simon Abbott told Reuters at the Aircraft Builders Council conference. “The single-digit increases of last year have become very definitely double-digit this year.”
RFIB granted Hong Kong licence
Stephen Warwick, who joined the business in February of this year, has been registered as the Chief Executive of RFIB Hong Kong Limited and continues in his role of CEO Reinsurance, Asia Pacific for the Group.