by AIP Online Bureau | Oct 28, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
The transfer, if concluded, would boost LIC’s net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said. New Delhi: State owned Life...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
“The global business environment remains tough for clients. Ongoing inflation and geopolitical instability are affecting all sectors and we expect even more challenging conditions in the already strained property catastrophe market following Hurricane Ian,” commented...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
“We expect most of the rated regional reinsurers to revise asset allocations amid rate hikes in certain countries, capital market volatility, and inflationary pressures on hedging costs. Regional reinsurers continue to have relatively higher allocation to risky...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
The High Court claim also names Fidelis Insurance Ireland, HDI Global Speciality, Abu Dhabi National Insurance Company , Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Speciality Europe Aircraft leasing firm Dubai...
by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Non-Life
Fosun’s insurance shareholdings include AmeriTrust Group, Peak Re, Fosun Insurance Portugal, and Pramerica Fosun Life Insurance. Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from...
