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MoF shortlists four names for LIC chairmanship

by AIP Online Bureau | Jan 20, 2019 | Indian News, Life

  New Delhi: The Ministry of Finance(MoF) has shortlisted names of four senior officials of Life Insurance Corporation(LIC), for the selection of a chairman of the corporation   The  senior officials of the LIC, who have been shortlisted are- M R...

A.J. Gallagher’s ‘clean coal’ business draws ire of green investors

by AIP Online Bureau | Jan 19, 2019 | Climate, Environment, Renewable Energy, Intermediaries, International News, Risk Management

  BOSTON: Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”.  ...

Pandemics may cause $570 bn annual loss to global economy, says WEF report

by AIP Online Bureau | Jan 19, 2019 | Disaster & Management, International News

  New Delhi: Global businesses face huge risks from a new era of epidemics and pandemics that may cause an average annual economic loss of $570 billion to the global GDP, posing a threat similar to that from climate change, says a report.   In the report on...

SBI Life’s net profit rises 15% to Rs264 cr in Q3 FY2018-19

by AIP Online Bureau | Jan 19, 2019 | Indian News, Life

  Mumbai: SBI Life Insurance at Rs 264.28 crore, posted a 14.7 percent year-on-year (YoY) rise in its net profit during third quarter ended in December 2018. The insurer had posted profit after tax of Rs 230.28 crore in the same quarter previous fiscal....

ICICI General’s net profit remains flat at Rs 239 cr in Q3FY 2018-19

by AIP Online Bureau | Jan 18, 2019 | Indian News, Non-Life

  Mumbai: With higher expenses, ICICI Lombard General Insurance, the country's largest private sector general insurance company, at  Rs 239 crore, has posted a growth of 3.2 per cent in its net profit during the third quarter ending in Dec 2018 as...
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