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AIG unit Corebridge raises $1.68 bln in year’s largest IPO

by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, International News, Life, Wealth Management/ Philanthropy

AIG said it sold 80 million Corebridge shares at $21 per share, which was at the lower end of their indicated target range of $21 to $24 per share The IPO values Corebridge at $13.6 billion. All proceeds of the IPO will go to AIG and the new company is not raising new...

Gadkari urges automakers to adopt global safety norms for cars in India

by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Technology

New Delhi: Road Transport Minister Nitin Gadkari on Wednesday said majority of automobile manufacturers in India are already exporting cars with six airbags, and there is a need to adopt similar safety norms for cars in the country, stressing that they should also...
Marsh’s Thomas M Devasia appointed as Irdai’s Member, Non-Life

Marsh’s Thomas M Devasia appointed as Irdai’s Member, Non-Life

by AIP Online Bureau | Sep 13, 2022 | Indian News, Non-Life, Regulation, Workplace/Employee Benefits

New Delhi: The government, on Saturday, has appointed Thomas M Devasia of Marsh India Brokers as the member, non-life in the insurance regulator IRDAI. This is for the first time; as reported by Asia Insurance Post earlier, the government has picked up a private...

Gallagher Re launches new academic research centre

by AIP Online Bureau | Sep 12, 2022 | Intermediaries, International News, Non-Life, Reinsurance

London:Gallagher Re, the global reinsurance broker, today has announced the launch of the Gallagher Research Centre (“GRC”). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr Tina Thomson as Global Head of Research, the...

MS Amlin AG to rebrand as MS Reinsurance

by AIP Online Bureau | Sep 12, 2022 | International News, Non-Life, Reinsurance

London: MS Amlin AG today announced its rebrand to MS Reinsurance, An MS Amlin AG Company. The name change, which will occur during September 2022, reflects parent company MS&AD’s commitment to building a leading, globally diversified reinsurer. MS Reinsurance...
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