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Britain to tap pensions for infrastructure as Thames Water toils

by AIP Online Bureau | Jul 9, 2023 | Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security, Policy

Britain’s financial services were largely cut off from the EU due to Brexit, with Amsterdam overtaking London as the region’s biggest share trading centre. UK chip designer ARM’s decision to list in New York and not London has also piled pressure on...

French insurers receive $305 million riot claims

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...
EV batteries remain major challenge for insurers – UK’s Thatcham

EV batteries remain major challenge for insurers – UK’s Thatcham

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

Batteries can make up half of an EV’s cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...

Insurers await IRDAI’s new classification of HDFC bonds post-merger; assess impact on holdings

by AIP Online Bureau | Jun 28, 2023 | Banking & Bancassurance, Indian News, Regulation

There is uncertainty whether HDFC’s bonds will be classified under housing and infrastructure after the merger, and we are awaiting clarification from regulators, Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance, told Reuters. “In...

Transformative industry trends present $200 billion opportunity for re/insurers: Aon Report

by AIP Online Bureau | Jun 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Sherif Zakhary, CEO of Aon’s Strategy and Technology Group, said: “These megatrends each equate to risk and opportunity for the global insurance industry, and so as risk experts we cannot afford to sit on the sidelines and wait for these trends to crystalize. We have...
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