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AXA and AIG may exit UK life biz

by AIP Online Bureau | Jul 20, 2023 | International News, Life, Reinsurance

Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...

UK polluters to face unlimited fines to protect environment

by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management

“We are scrapping the cap on civil penalties and significantly broadening their scope to target a much wider range of offenses – from breaches of storm overflow permits to the reckless disposal of hazardous waste,” Environment Secretary Thérèse Coffey said Polluters...

Anti-ESG movement in U.S. feeds anxiety among UK investors

by AIP Online Bureau | Jun 29, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

In the US, there’s evidence that anti-ESG rhetoric has led some financial firms to tone down their commitments to ESG in their conversations with clients. And pension funds have been caught in a long-running battle between the Biden administration and Republicans over...
UK self-driving car dreams could break down at the starting line

UK self-driving car dreams could break down at the starting line

by AIP Online Bureau | Jun 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Technology

Despite the government’s vision to be a world leader in AV technology, truly driverless cars are not currently permitted on Britain’s roads, making it difficult for start-ups to commercialize their vehicles and insurers to assess their risks. Britain could lose out on...
LIC to hold 5-day roadshows in Hong Kong, UK in June last week

LIC to hold 5-day roadshows in Hong Kong, UK in June last week

by AIP Online Bureau | Jun 11, 2023 | Indian News, Life

The top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company The management will urge the investors to invest in LIC scrips as the company has huge potential, the sources...
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