by AIP Online Bureau | Aug 16, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insurance industry sources said rates for additional war risk premiums remained stable on Monday, although there was a possibility of a rise if a ship was damaged or sunk The cost of a Black Sea war risk premium, which is typically renewed every seven days and is in...
by AIP Online Bureau | Aug 16, 2023 | Eco/Invest/Demography, International News, Life
Tokio Marine has been gauging interest in the assets, which could be valued at about US$1 billion (RM4.61 billion) Japanese financial services firms have been eyeing assets in Southeast Asia as a way to expand and diversify outside of Japan. Japanese insurers Dai-ichi...
by AIP Online Bureau | Aug 15, 2023 | Indian News, Regulation
The race for member (Finance and Investment) is hotting up as it is believed N. Srinivas Rao, a former joint secretary, department of financial services(DFS) and currently a chief economist & president (Corporate Affairs), Bajaj Finserv, Lalit Kumar Chandel, again...
by AIP Online Bureau | Aug 15, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
“This is the largest natural disaster we’ve ever experienced,” Hawaii Governor Josh Green said The death toll makes the wildfire the deadliest since 1918, when 453 people were killed in Minnesota and Wisconsin by the Cloquet & Moose Lake Fires, according to the...
by AIP Online Bureau | Aug 15, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
A U.S.-backed maritime group called the International Maritime Security Construct “is notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de- escalate. Vessels are being advised to...
