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Jan 1 Renewals: Late placements and nat cat losses see mixed outcomes, Gallagher Re

by AIP Online Bureau | Jan 4, 2022 | International News, Non-Life, Reinsurance

The market appears to have moved on from the Covid-19 claims of 2020 as primary companies’ claims reserves stabilise and reinsurance recoveries start to move through the market with an increasing number being settled Reinsurers have managed to achieve further...

Devas case: AAI taking legal recourse against Canadian court’s order to seize USD 30 million

by AIP Online Bureau | Jan 4, 2022 | Indian News, Risk Management

In a statement on Monday, a spokesperson of Devas Multimedia said an amount of over USD 30 million, which was held by global airlines body IATA on behalf of the AAI, has been seized by Devas Multimedia’s shareholders following a Canadian court order New Delhi:...

Surge in cases indicative of third Covid wave in India: Expert

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Health, Non-Life, Pandemic, Policy

Noting that in the major metro centres and the surrounding regions, the new variant of the virus is accounting for over 50 per cent of the fresh cases. The galloping increase in the number of Covid cases over the last one week is indicative of the third wave, as is...

Equity investors’ wealth jumps by Rs 4.76 trillion in first 2 trading days of 2022

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

“If the FII buying yesterday is an indication of their renewed interest in India, financials particularly the leading banks, are likely to continue the momentum witnessed yesterday,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial...

Omicron cases are hitting record highs, but now may have a silver lining

by AIP Online Bureau | Jan 4, 2022 | Health, International News, Pandemic

The data, some scientists say, signal a new, less worrying chapter of the pandemic Several factors appear to have made the omicron variant less virulent, or severe, than previous waves of Covid-19. One factor is the virus’ ability to infect the lungs A string of new...
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