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PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty

PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty

by AIP Online Bureau | Jul 18, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Deepak Mohanty,Chairman, Pension Fund Regulatory and Development Authority The government is expected to issue sovereign green bonds in the second half of the current financial year as part of the overall market borrowing programme New Deelhi: Pension Fund Regulatory...

Ukraine cargo insurance policy suspended after Russia quits grain deal -Marsh

by AIP Online Bureau | Jul 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“It is currently on pause,” said David Roe, head of UK cargo at Marsh, which acted as the facility’s broker LONDON: A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit...

Cholamandalam MS Insurance appointed as lead insurer for West Bengal

by AIP Online Bureau | Jul 18, 2023 | Briefs, Eco/Invest/Demography, Health, Non-Life, Regulation

Chennai based Cholamandalam MS Insurance has been appointed lead insurer for West Bengal by the IRDAI. In this role, the general insurer will focus on various aspects of health protection, coverage against natural calamities, increasing employment opportunities for...
ICICI Pru net profit rises 33 pc to Rs 207 crore in April-June quarter

ICICI Pru net profit rises 33 pc to Rs 207 crore in April-June quarter

by AIP Online Bureau | Jul 18, 2023 | Indian News, Life

Anup Bagchi, managing director & chief executive who assumed office mid-June, attributed the performance to the customer-centric approach and said the company will continue to focus on growing the absolute VNB Mumbai: Backed by robust investment income, ICICI...
ICICI Lombard net jumps 11.8 pc to Rs 390 crore in June quarter

ICICI Lombard net jumps 11.8 pc to Rs 390 crore in June quarter

by AIP Online Bureau | Jul 18, 2023 | Indian News, Non-Life, Reinsurance

Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The combined ratio, a key profitability metric, improved to 103.8 per cent in the reporting quarter compared to 104.1 per cent in Q1 FY23 Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance,...
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