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India:FPIs pump in Rs 20,400 crore in first half of March on positive global cues

by AIP Online Bureau | Mar 17, 2019 | Data, Eco/Invest/Demography

  Overseas investors poured in more than Rs 20,400 crore in the domestic capital market in the first half of March, mainly driven by positive global cues.   The expectation of a positive outcome from the US-China trade agreement along with US Fed's...

Global insurance M&A activity up 9% in 2018, may slow down in first half 2019:Clyde & Co

by AIP Online Bureau | Mar 17, 2019 | Eco/Invest/Demography, International News

  According to Clyde & Co's global insurance practice,.there were 382 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2018, up 9% (from 350) from the previous year. With 196 deals in the second half of the year, following...

PwC to pay $335 million over failed audits:U.S. regulator

by AIP Online Bureau | Mar 17, 2019 | International News, Risk Management

  WASHINGTON: A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of...

U.S. P/C industry’s net income jumped 70% in 2018

by AIP Online Bureau | Mar 16, 2019 | International News, Non-Life

OLDWICK: The U.S. property/casualty (P/C) industry’s net income improved significantly to $61.4 billion in 2018, a $25.2 billion increase from the prior year, aided by a reduction in catastrophe losses and an increase in net investment income. These preliminary...

NYC Mayor proposes $10B plan to flood-proof Manhattan as Climate Risk grows

by AIP Online Bureau | Mar 16, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much as 500 feet, or two city blocks, to protect from flooding that’s expected to become more frequent as global temperatures rise.   The project...
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