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Here is a masonry blog layout with no sidebarFinancial services secretary asks banks to achieve financial inclusion targets at earliest
He also reviewed the progress made by banks with special focus on the progress under the ongoing Jan Suraksha campaign of PMJJBY & PMSBY schemes in all the Gram Panchayats of the country being held from April 1 and urged them to ensure achievement of targets of...
Only 27% of $194 bln economic losses from global natural disasters insured in 1H2023: Aon
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 "Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These devastating...
Swiss Re structures Blackstone’s first indemnity catastrophe bond
The transaction is Blackstone's first indemnity catastrophe bond and covers named storms and earthquakes in the United States and Canada New York: Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked...
Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon
The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...
Himachal rains: Economic losses of Rs 4808.79 crore, Death toll reaches 130
As many as 13 people died, including one rescuer, after the landslide occurred at Irshalwadi village in Khalapur tehsil in Maharashtra's Raigad district, police said Shimla/Mumbai: With five new deaths on Wednesday, the death toll in Himachal Pradesh due to rains,...
Society of Actuaries Research Institute launches longevity Illustrator for Singapore, Hong Kong and Canada
"A variety of possibilities should be considered when preparing for retirement, including longevity. SOA's Longevity Illustrator, a web-based tool, is designed to provide information to help individuals and couples plan a secure retirement more effectively with just a...
Gambia ‘advanced’ in exploring legal action over toxic Indian cough syrup
At least 70 children in Gambia, most under 5 years old, died from acute kidney injury last year. A government-backed investigation found that the deaths were "very likely" caused by contaminated medicines made in India. The small West African country has hired a U.S....
Work from anywhere jobs draw record demand as summer travel heats up
Top financial services firms such as American Express, Visa and Mastercard, along with tech giants like Alphabet, are some of the major employers who have adopted “work-from-anywhere” week policies. This generally means employees keep an in-office presence for most of...
No `Insurance Bill 2023′ in Parliament’s monsoon session
In this packed Parliament's Monsoon session, the Union government is likely to discuss a total of 31 bills, but ``Insurance Bill 2023’ for which the government has earlier sought approval of the Union Cabinet, is not included in the list New Delhi: The Insurance Bill...
Govt appoints Sat Pal Bhanoo as LIC MD
The government has appointed Sat Pal Bhanoo as one of the managing directors of Life Insurance Corporation (LIC).He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April. Bhanoo's appointment is effective from the date of...
Indian aviation market has huge potential waiting to be tapped
The industry experts concurred that the growth in the aviation sector will in turn fuel the growth in the tourism sector, both of which were badly hit globally after the outbreak of the COVID-19 pandemic, but have shown resilience, and are recovering on the right...
Ukraine hopes grain exports to continue from key ports
“The main task for Ukraine now is to get the support of Turkey,” said Dmitry Skornyakov, chief executive officer of HarvEast Holding. He suggested that military escorts from Turkey could be used for ships entering and leaving Ukraine’s ports Ukraine is pushing for...
“Bitsure is a product of smart and eager entrepreneurs who built a great company fulfilling a critical yet mostly unmet need. As a result, Bitsure quickly grew to the point where they needed help scaling—not just from an insurance capacity perspective but also from a...
Bain Capital raises $1.15 bln for first fund dedicated to insurance investments
Matt Popoli, global head of Bain Capital Insurance, told Reuters that the new capital pool, Bain Capital Insurance Fund, would give his 20-strong team the ammunition to back middle-market insurance firms overlooked by others Focused on North America and Europe, the...
MDRT sets up shop in Singapore, appoints sr officials for APAC region
"The opening of MDRT Asia-Pacific headquarters underpins MDRT's commitment to the industry," said Carol Kheng, MDRT Second Vice President, who leads the new office. The new Singapore office will support MDRT events in the Asia-Pacific region, including the 2023 MDRT...
HDFC Bank to focus on bundled products for its customers: CEO
''Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,'' said HDFC Bank managing...
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Post the capital infusion by RCAP, Reliance General Insurance will also raise an additional Rs 400 crore Tier 2 capital to accelerate growth, sources said The company had said that borderline solvency was creating business hesitation in corporate clients, government...