by AIP Online Bureau | Apr 2, 2019 | International News, Reinsurance
Singapore: Reinsurers have adopted a rational rating approach at the 1 April 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programmes. These rate increases were balanced by flat renewals for loss-free classes and...
by AIP Online Bureau | Apr 2, 2019 | Indian News, Life
Mumbai: Vipin Anand has taken charge today as managing director of LIC of India after Sunita Sharma, managing directir retired on Mar 31. Anand has served LIC for more than 35 years and prior to taking charge as MD he was In-charge of LIC’s Western...
by AIP Online Bureau | Apr 1, 2019 | International News, Non-Life, Reinsurance
London: Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest nonwar aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said. ...
by AIP Online Bureau | Mar 31, 2019 | Uncategorized
Mumbai: State-run Bank of Baroda is catapulting itself for a larger play in the system with the merger of Dena Bank and Vijaya Bank with itself from March 31. The government-forced merger, announced last in September, creates the third largest bank in...
by AIP Online Bureau | Mar 31, 2019 | Eco/Invest/Demography, Indian News, Policy
New Delhi: The government on Sunday extended the deadline for linking PAN with biometric ID Aadhaar by six months till September 30, as per an official statement. However, quoting of Aadhaar will remain mandatory for filing income tax returns (ITRs),...
