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IRDA prepares stringent norms to check conflict of interest among officials of insurance cos

by AIP Online Bureau | Mar 8, 2019 | Indian News, Regulation, Risk Management

  Hyderabad: In a bid to address conflicts of interest arising out of the appointment of common directors,the insurance regulator IRDA has said it should be the responsibility of the board of directors of the insurance companies to formulate policy to...

World’s biggest sovereign wealth fund to decide on dumping oil

by AIP Online Bureau | Mar 8, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Norway will announce on Friday whether its sovereign wealth fund, which is the world's biggest and has been fuelled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists.   While the decision is said to be...

Amid trade tensions with US, India wants Iran oil sanction waiver extended

by AIP Online Bureau | Mar 8, 2019 | Eco/Invest/Demography, Indian News

  New Delhi:: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said....

Lloyd’s appoints Hayley Spink as head of global operations

by AIP Online Bureau | Mar 8, 2019 | International News, Non-Life, Reinsurance

  London: Lloyd’s has appointed Hayley Spink as Head of Global Operations   In her new role Hayley will provide operational leadership for Lloyd’s internal and market wide programmes, reporting to Chief Operating Officer, Shirine Khoury-Haq....

Passenger vehicle sales down 11% to 2,72, 284 units in February: SIAM

by AIP Online Bureau | Mar 8, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: Domestic passenger vehicle (PV) sales declined 1.11 per cent to 2,72, 284 units in February from 2,75,346 units in the same month the previous year.   Domestic car sales were also down 4.33 per cent at 1,71,372 units as compared to 1,79,122...
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