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Munich Re rejigs top APAC team, Hitesh Kotak to lead Japan, India, Korea and South-East Asia

Munich Re rejigs top APAC team, Hitesh Kotak to lead Japan, India, Korea and South-East Asia

by AIP Online Bureau | Apr 18, 2024 | International News, Non-Life, Reinsurance

Hitesh Kotak will lead Munich Re’s Property & Causality (P&C) business in Japan, India, Korea and South-East Asia Surbhi Goel will be relocate to Mumbai from Singapore to be CEO India with effect from October 2024. Florian Gruson will be appointed CEO...
Nestle adds sugar to baby food sold in India but not in Europe

Nestle adds sugar to baby food sold in India but not in Europe

by AIP Online Bureau | Apr 18, 2024 | Data, Eco/Invest/Demography, Health

The report said that Nestle adds sugar to infant milk and cereal products in several countries which is a violation of international guidelines aimed at preventing obesity and chronic diseases. Violations were found only in Asian, African, and Latin American countries...
17 pc of world’s elderly population will be in India by 2050: CBRE

17 pc of world’s elderly population will be in India by 2050: CBRE

by AIP Online Bureau | Apr 18, 2024 | Data, Eco/Invest/Demography, Policy

“India’s senior population is expected to experience a remarkable 254% growth, making it the fastest-growing demographic segment globally. By 2050, India is projected to house up to 340 million seniors, constituting approximately 17% of the world’s...

Climate change could cut global income by 19 pc in 25 years finds study

by AIP Online Bureau | Apr 17, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

The countries least responsible for climate change are predicted to suffer income loss that is 60 per cent greater than the higher-income countries and 40 per cent greater than higher-emission countries. They are also the ones with the least resources to adapt to its...
Cargo owners may bear portion of damages from Baltimore Bridge disaster

Cargo owners may bear portion of damages from Baltimore Bridge disaster

by AIP Online Bureau | Apr 17, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

General average is a maritime legal concept usually written into bills of lading or other contracts signed among parties to shipping transactions. It revolves around the principle of shared sacrifice and dates back to ancient times, before insurance, when ships often...
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