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Argenta to wind-down Singapore platform

by AIP Online Bureau | Aug 8, 2022 | Intermediaries, International News, Non-Life, Reinsurance

This change follows a decision by the ASML Board to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which are unaffected by the decision in respect of the Singapore business In due course, it is expected...

Lok Sabha passes dill to promote non-fossil fuels

by AIP Online Bureau | Aug 8, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

It also seeks to introduce new concepts such as carbon trading and mandate the use of non-fossil sources to ensure faster decarbonisation of the Indian economy and help achieve sustainable development goals in line with the Paris Agreement The amendments also seek to...

Equity mutual funds’ inflow drops 43% to Rs 8,898 crore in July

by AIP Online Bureau | Aug 8, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in June, Rs 18,529 crore seen in May and Rs 15,890 crore in April, according to data released by Association of Mutual Funds in India (Amfi)on Monday Overall, the mutual fund...

China: AIA in talks to buy billion-dollar Shanghai Tower in growth push

by AIP Online Bureau | Aug 8, 2022 | Eco/Invest/Demography, International News, Life

The office would mark the insurer’s commitment to expand in China despite economic headwinds from stringent Covid restrictions. AIA became the first wholly owned foreign life insurer in the country after turning its Shanghai branch into a subsidiary in 2020, paving...

Malaysia to offer crop insurance to push food security Push

by AIP Online Bureau | Aug 8, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy

The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and will initially be offered to the nation’s 189,500 rice farmers, Prime Minister Ismail Sabri Yaakob said. The insurance cover will be expanded in stages...
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