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Aon, Lloyd’s and VIG in pact to commit to Ukraine insurance

by AIP Online Bureau | Jun 21, 2023 | International News, Non-Life, Reinsurance, Risk Management

The commitment follows an announcement earlier in the day by British Prime Minister Rishi Sunak on a new framework for war risk insurance FRANKFURT: Aon PLC, Lloyd’s and Vienna Insurance Group will join forces to provide coverage for Ukraine to support its...

Indian government likely to offer assured pensions to its employees

by AIP Online Bureau | Jun 21, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Government will likely assure its employees a minimum pension of 40%-45% of their last drawn salary by altering the current market-linked pension The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%. The...
Ghosn to fight ‘to the end’ as sues Nissan in Lebanon

Ghosn to fight ‘to the end’ as sues Nissan in Lebanon

by AIP Online Bureau | Jun 21, 2023 | International News

Carlos Ghosn,Former Nissan chairman Carlos Ghosn, once a titan of the global car industry, was arrested in Japan in late 2018 and charged with financial misconduct. He denied the charge and said his detention was part of a plot by Nissan executives to block a merger...

US Slips in supply-chain ranks after child-labor violations

by AIP Online Bureau | Jun 21, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

The downgrade follows months of revelations first reported by the New York Times that companies have been employing children as young as 12 to work in dangerous conditions The composition of supply chains is set to play an increasingly important role for businesses...

TATA AIA announces its highest ever Bonus of INR 1,183 crores for policyholders

by AIP Online Bureau | Jun 21, 2023 | Workplace/Employee Benefits

Tata AIA Life Insurance (Tata AIA) has declared a bonus of Rs 1,183 crore for 7,49,229 eligible participating(Par) policyholders for the FY2022-23. The company has been paying bonuses to its eligible policyholders over the years, and the FY23 bonus was 37 per cent...
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