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South and Southeast Asian reinsurers improve underwriting performance, but challenges remain: AM Best

by AIP Online Bureau | Sep 20, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Although investment returns are expected to increase over the near term alongside a recovery in interest rates, rising inflation in the region is likely to pose challenges in meeting the cost of capital prospectively,” said Kanika Thukral, senior financial analyst,...

FSIB selects 10 GMDs for PSU general insurers and GIC Re

by AIP Online Bureau | Sep 19, 2022 | Indian News, Non-Life, Reinsurance

After interviewing 20 candidates, FSIB has chosen Arvind Logani and YK Shimray(for New India Assurance), Inderjeet Singh and Madhulika Bhaskar(GIC Re), Rajeshawri Singh and Navneet Doda( for United India Insurance) and PR Chittaranjan and Geeta Santaseelan(for...

Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’

by AIP Online Bureau | Sep 19, 2022 | Indian News, Non-Life, Regulation, Wealth Management/ Philanthropy

Without disclosing the reason, Sebi said “issuance of observations (has been) kept in abeyance” with regard to the IPO of Go Digit, an update on the regulator’s website showed on Monday. The information was updated on September 16 The issuance of...
GIC Re is 3rd largest Asian reinsurer in S&P’s 2022 global chart

GIC Re is 3rd largest Asian reinsurer in S&P’s 2022 global chart

by AIP Online Bureau | Sep 19, 2022 | Indian News, Non-Life, Reinsurance

Globally, GIC Re, which is pruning its premium base by shedding its loss making business to be profitable, is the 14th largest international reinsurer in 2022. It was the 11th largest global reinsurer in 2021 “We would prefer to be one of the largest profitable...
Adani’s ascent boosts India’s clout in emerging-market equities

Adani’s ascent boosts India’s clout in emerging-market equities

by AIP Online Bureau | Sep 19, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Gautam Adani Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by Bloomberg show. The index has outpaced...
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