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Swiss Re chairman Sergio P Ermotti to head UBS

Swiss Re chairman Sergio P Ermotti to head UBS

by AIP Online Bureau | Mar 29, 2023 | Banking & Bancassurance, International News, Non-Life, Reinsurance

Sergio P. Ermotti , chairman,Swiss Re The Swiss Re Board has nominated Jacques de Vaucleroy as new Vice Chairman and Lead Independent Director subject to his re-election as Board member by shareholders, effective post AGM Zurich: Swiss Re chairman Sergio P. Ermotti...

Licences of 18 pharma firms cancelled for manufacturing spurious drugs, 26 issued show-cause notices

by AIP Online Bureau | Mar 28, 2023 | Health, Indian News

An official source said that the action has been taken against 76 companies in the first phase of a special drive against the manufacture of spurious drugs New Delhi: In a major crackdown against the manufacture of substandard drugs, central and state regulators...
Expenses of Management(EoM): IRDAI fixes at 30% for general insurers,35% for health insurers

Expenses of Management(EoM): IRDAI fixes at 30% for general insurers,35% for health insurers

by AIP Online Bureau | Mar 28, 2023 | Health, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance, Technology

Premium in Rs, crore The new limit on EoM will be effective from April 1 The general and health insurers have to ensure that their expenses of management are within the allowable limit on the overall basis. Where the insurer has exceeded the allowable limits of...

Aditya Birla Capital exits insurance broking business; to sell its arm to Edme Services

by AIP Online Bureau | Mar 28, 2023 | Indian News, Intermediaries, Non-Life

The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited, Aditya Birla Capital...
Women having  their own source of income are more likely to own insurance:ICICI Lombard Report

Women having their own source of income are more likely to own insurance:ICICI Lombard Report

by AIP Online Bureau | Mar 28, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Workplace/Employee Benefits

Sanjeev Mantri, executive director, ICICI Lombard General Insurance said, “As data shows only a small percentage of women in India consider general insurance a priority. This highlights the need for more awareness and education on general insurance among women in...
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