by AIP Online Bureau | Jan 26, 2019 | International News, Non-Life, Reinsurance
NEWPORT BEACH, Calif: PIMCO, one of the world’s premier fixed income investment managers has hired Rick Pagnani, Executive Vice President, to lead the launch of the firm’s property and casualty insurance-linked securities (ILS) business. The...
by AIP Online Bureau | Jan 26, 2019 | Data, Eco/Invest/Demography, Risk Management
Deal value increased by over 80 percent to USD 110 billion, making 2018 a record-breaking year for mergers and acquisition activity in India, a report said on Friday. The deal activity will be tepid for the first two quarters of the fiscal and...
by AIP Online Bureau | Jan 26, 2019 | International News, Reinsurance, Technology
DAVOS, Switzerland: The world’s second-largest reinsurer, Swiss Re, plans to double down on a small, new online insurance venture as its huge core business continues to be pinched by losses on natural disasters and what it calls unsustainably low...
by AIP Online Bureau | Jan 25, 2019 | Indian News, Non-Life
Mumbai: With an underwriting profit of Rs 49 crore ,SBI General Insurance has recorded a profit of Rs 89 cr for Q3, FY 18-19, up 53 per cent, as compared to Rs 58 cr in the year-ago period. With a valuation of Rs 12,000 crore at the end of Q2 FY 2018-19,...
by AIP Online Bureau | Jan 24, 2019 | Banking & Bancassurance, Indian News, Life, Regulation
Mumbai: The insurance regulator IRDAI will allow IDBI Federal Life Insurance to continue with its existing promoter,IDBI Bank even after the Life Insurance Corporation(LIC) has picked up 51 per cent in the bank and is named as the new promoter of the...
