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Here is a masonry blog layout with no sidebarRandip and Mamta promoted as EDs in IRDA
After a long time, IRDA will have three executive directors as Suresh Mathur, who has gone to Hyderabad based Institute of Insurance and Risk Mangement (IIRM) as a director, is already an excecutive director of IRDAI Hyderabad: After a long hiatus, the insurance...
Investors lose nearly Rs 19 trn in five trading sessions
"Markets continued to remain under pressure in sync with global markets slump, as worries of more interest rate hikes coupled with sluggish economic growth going ahead weighed on sentiment. The ongoing conflict and lockdowns in China due to virus spread is promoting...
`Burning Cost’ can’t be quoted as a ‘mandated minimum rate’ to charge premiums by general insurers” IRDAI
Allowing general insurers to extend appropriate discounts, IRDAI has explained that ``The objective of Insurance Information Bureau of India (IIBI) publishing details of ``Burning Costs'' occupancy-wise is only to give information to insurers with regard to...
Aviva CEO Amanda Blanc says sexism in finance has got worse
Amanda Blanc,,Chief Executive Officer,Aviva Plc The insurance sector has been dogged by allegations of sexism in recent years A 2019 Bloomberg investigation uncovered evidence of endemic sexual harassment at the world’s oldest insurance market [Lloyd’s], including...
Mamata urges people to get treatment under govt health scheme within Bengal
Mamata Banerjee, chief minister, West Bengal ''Last year, Rs 36 crore went out of the state. The thing is we provide Rs 5 lakh for each Swasthya Sathi (card). If the treatment is done here, the money rolls within our state. The problem is that the money is going out...
Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles
As per the notification, fee for renewal of registration of cars older than 15 years was enhanced from Rs 600 to Rs 5,000 and bikes from Rs 300 to Rs 1,000 Fitness renewal certificate fee for buses and trucks older than 15 years was enhanced from Rs 1,500 to Rs...
SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment
“We are not inclined to grant any interim relief,” the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks New Delhi: The Supreme Court on Thursday refused to grant any interim relief and stay the Life...
AXA S.A. receives regulatory approval to operate as a licensed reinsurer
The transformation of AXA S.A into the group’s internal reinsurer aims to enhance capital fungibility across AXA Group** , in line with AXA’s capital management policy Paris: AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance...
Lloyd’s of London AGM goes virtual on activist threat
Since Lloyd’s sent out invitations for the May 19 AGM on April 19, “the risk of disruption has significantly increased,” Chairman Bruce Carnegie-Brown said in a notice on the market’s website dated May 10 London: Commercial insurance market Lloyd’s of London is...
Allianz sets another $2 billion over US fund debacle
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over Germany’s most valuable financial firm and one of the world’s largest asset managers The collapse of the funds has been under...
Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group
French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...
Howden acquires Singapore based AEGIS Insurance Agencies Pte
Goh Chye Huat, CEO, Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our...
Global Inflation rate jump more than twice between March 2021 and March 2022
According to data on the global commodity market from March 2022, wheat and oil are currently both about 50 per cent more expensive than they were a year ago. The prices of other cereal grains are also rising. For importing countries, these price increases present a...
Indian insurers shell out Rs 42,000 crore to settle 28 lakh Covid-19 claims in last 2 yrs
24 life insurers led by Life Insurance Corporation have paid Rs 17,362.48 crore for settling 2,27,268 Covid death claims Similarly, 30 functioning general insurance companies, including five exclusive health insurers, have already paid over Rs 26,000 crore for...
40 digital health service applications integrated with Ayushman Bharat Mission
R S Sharma, CEO, NHA said, "We welcome the health tech innovators who are actively coming forward to become a part of the ABDM ecosystem. In the last seven months of the launch of ABDM, a growing number of popular user applications have integrated with the digital...
AXA, Unilever to join new 1 bln euro regenerative agriculture fund
The companies each aim to invest 100 million euros into the fund They said they signed a memorandum of understanding to establish a new private equity "impact" fund dedicated to enhancing biodiversity and mitigating climate change by scaling up regenerative farming,...
Insurance Protection: Rising inequality in advanced markets take $ 252 billion toll
Guido Fürer, Group Chief Investment Officer of Swiss Re said,"There is a growing opportunity for private capital to make a positive impact on inequality. Until now, the "S" in ESG, which refers to social aspects such as diversity, inclusion and equality, has been an...
Aircraft lessors gird to battle insurers over Russia jet default
The largest claim has been made by AerCap , the world's biggest aircraft lessor, which has submitted a $3.5 billion insurance claim for more than 100 jets Few can say how the looming battle between lessors and insurers will play out. S&P Global has forecast a...