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SBI drags feet on loan to Adani firm for controversial Australian coal mine

by AIP Online Bureau | Apr 9, 2021 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Indian News

  Mumbai: India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc. Two senior State Bank of India executives, who asked not to be...

AIA Group establishes AIA Variable Capital company in Singapore

by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, International News, Life

Singapore: AIA Group Limited has established AIA VCC, a Variable Capital Company in Singapore as part of its group wide investment programme to facilitate capital deployment globally. The Investment Manager of AIA VCC is AIA Investment Management Private Limited...

India to review COVID-19 vaccines after blood clot warning – report

by AIP Online Bureau | Apr 8, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi  A government panel of experts is investigating for any domestic cases of blood clotting, even mild ones, as a side effect of the two COVID-19 vaccines being administered in India, media reported on Friday, citing two people aware of the...

Australia regulator proposes exposure limits of life insurers to offshore reinsurers

by AIP Online Bureau | Apr 8, 2021 | International News, Life, Reinsurance, Risk Management

  Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority (APRA) said it was starting a consultation...

Reinsurers set to bear brunt of costs for Suez Canal grounding

by AIP Online Bureau | Apr 8, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  LONDON:  Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars. International supply chains were thrown into...
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