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Aviation reinsurance rates rise by up to 250% – report

by AIP Online Bureau | Jan 5, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

LONDON: Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago.The 737 MAX resumed commercial flights in the...

AM Best ranks UnitedHealth Group and Allianz SE as world’s largest insurers

by AIP Online Bureau | Jan 5, 2021 | International News, Life, Non-Life

OLDWICK, N.J: UnitedHealth Group Incorporated occupied the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019. In addition, Allianz SE and...

SC upholds environmental clearance, govt notification on Central Vista

by AIP Online Bureau | Jan 5, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

New Delhi: In a majority verdict, the Supreme Court on Tuesday upheld theenvironmental clearance and notification for change in land use for the Central Vista Project. The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament...

BMS launches ASIA operations

by AIP Online Bureau | Jan 5, 2021 | Intermediaries, International News, Non-Life, Reinsurance

  Singapore: BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong pending regulatory...

Jack Ma’s disappearing act fuels speculation about billionaire’s whereabouts

by AIP Online Bureau | Jan 5, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  BEIJING: Alibaba founder Jack Ma’s absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory...
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