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D Srivastava to head GIC Re, M Poddar selected as AIC CMD

by AIP Online Bureau | Aug 27, 2019 | Indian News, Life, Non-Life, Reinsurance

  New Delhi: The Banks Board Bureau (BBB), the recruitment body for selecting top officials of PSU banking and insurance companies, on Tuesday said it has selected Devesh Srivastava, 56, general manager, GIC Re as the CMD of the company.   Malay...

Bank recapitalisation unlikely to deliver much, says S&P

by AIP Online Bureau | Aug 27, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  New Delhi: Given the weak credit demand from corporates and the lingering NBFC crisis, just announced recapitlisation of state-run banks will not deliver on the key objectives of higher lending and a recovering in their fortunes, warns a report.   It can...

Allianz Australian unit to refund customers for insurance mis-selling

by AIP Online Bureau | Aug 27, 2019 | International News, Non-Life

The Australian unit of Germany’s Allianz SE will refund more than A$8 million ($5.40 million) to customers who were mis-sold consumer credit insurance (CCI) premiums, Australia’s investment regulator said on Tuesday.   The Australian Securities and...

Why are Amazon fires potentially sparking global climate crisis?

by AIP Online Bureau | Aug 26, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts

A record number of fires ravaging the Amazon has drawn international outrage because of the rainforest’s importance to the global environment and prompted Brazilian President Jair Bolsonaro to dispatch the military to assist in firefighting.   Here is what...

Amazon sued by publishers claiming audible text service violates copyright

by AIP Online Bureau | Aug 26, 2019 | Eco/Invest/Demography, International News, Risk Management

  Amazon.com Inc.’s Audible was sued by some of the top U.S. publishers for copyright infringement on Friday, aiming to block a planned rollout of a feature called ‘Audible Captions’ that shows the text on screen as a book is narrated.  ...
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