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Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE Reinsurance, said: " The launch of this Lloyd's syndicate highlights the strength of the portfolio we are ceding and our consistent approach to reinsurance, which is an important contributor to Allianz’s...
Asia Emerges as the Preferred Destination for 63% of Indian Outbound Travellers, saysICICI Lombard’s first edition of its travel centric ‘WanderSafe Report 2025’ Mumbai, 10 th December 2025: ICICI Lombard General Insurance, India’s leading private general insurer,...
EU strikes deal to further weaken corporate sustainability laws after US pressure intensifies
The agreement reached, which also scales back the scope of the Corporate Sustainability Due Diligence Directive, represents an effort to “boost competitiveness and cut red tape,” the EU Parliament’s legal affairs committee said in a statement. The European Union...
Ageas Federal Life unveils its new logo, ropes in Sachin Tendulkar as brand ambassador
Cricker legend Sachin Tendulkar and Jude Gomes, managing director & CEO of Ageas Federal Life at an event in Mumbai to launch company's new brand identity Jude Gomes, managing director & CEO of Ageas Federal Life Insurance, said, “ This milestone accelerates...
Berkshire Hathaway announces a shakeup of its top management team as Warren Buffett set to retire
Warren Buffett Berkshire Hathaway also announced changes in its insurance and noninsurance operations and named Michael O’Sullivan as the general counsel, marking the creation of a new position at the company Berkshire Hathaway announced a shakeup of its top...
AB-PMJAY: 2.02 crore claims amounting to Rs 28,732 crore settled in FY25, says govt
The scheme was also expanded to cover 6 crore senior citizens of age 70 years and above belonging to 4.5 crore families, irrespective of their socio-economic status, through the Ayushman Vay Vandana card. 89.51 lakh cards have been issued under the Ayushman Vay...
New labour codes give gig, platform workers portable social security benefits
Under the Social Security code, aggregators are now required to contribute 1–2 per cent of annual turnover, capped at 5 per cent of payments made or payable to gig and platform workers to a Social Security Fund, an official statement said.The fund finances a range of...
Over 50 lakh Central government employees and nearly 69 lakh pensioners to gain from 8th Central Pay Commission
The Centre currently employs 50.14 lakh personnel, while pensioners number around 69 lakh, all of whom fall under the purview of the upcoming pay revision exercise, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply to questions...
MoS Finance says 15 cr PM Jan Dhan accounts are inoperative
"The data regarding number of inoperative accounts vis-a-vis women, rural and semi-urban areas that are closed under the Pradhan Mantri Jan Dhan Yojana (PMJDY), is not centrally maintained. However, there are about 15.09 crore inoperative PMJDY accounts out of the...
McKinsey says recovery from South Africa scandals to take yrs
The company was embroiled in the scandals during an era of government graft — known locally as state capture — that also involved Bain & Co., SAP SE, KPMG LLP and ABB Ltd. Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG Insurance to Ageas for 1.9 billion euros while simultaneously investing 1.1 billion euros into Ageas through its insurance subsidiary BNP Paribas Cardif, based on an agreed price of 60 euros per...
FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD
Some of the names who are belived to have applied for the post of GIC Re CMD include, Rajeev Singh, Head Reinsurance and corporate marketing, Digit Insurance, promoted by Prem Watsa and Kamesh Goyal. and Mandakini Balodhi, one of directors in Department of Financial...
MF equity investments double in November to Rs 43,465 crore
The strong domestic investment trend comes at a time when the industry has already been witnessing robust participation from retail investors through systematic investment plans (SIPs). Mumbai: Mutual funds sharply increased their equity purchases in November, riding...
Automobile retail sales sustain momentum in Nov as demand remains robust
"GST rate cuts coupled with OEM-dealer retail offers continued pulling customers to showrooms, enabling sustained footfalls beyond the festive period. Price reductions across categories, which ignited strong buying in October, continued to support conversions in...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak economic growth and volatile financial markets, but robust underwriting and new business generation, high reinvestment yields, and strong capitalisation will support insurers. Stockholm/Paris/London:...
Nearly 24 lakh households have adopted rooftop solar as of December 2025 under PM Surya Ghar
Over the past decade, India has seen a sharp rise in solar installations, helping double the country's total electricity capacity. Solar power now stands at 129 GW, while the overall non-fossil capacity has crossed 259 GW as of October 2025. This means more than half...
Airbus Fleet Recall: Space weather in focus
The recall by Airbus could well "set a major precedent" by signalling that space weather needs to be given more importance for aircraft safety Space weather in focus after Airbus fleet recall experts raise questions about solar flare theory Aerospace giant Airbus...
Jan Dhan accounts now hold Rs 2.75 lakh crore
M. Nagaraju, Secretary, Department of Financial Services. About 78.2 per cent of these accounts are located in rural or semi-urban areas, while women hold around 50 per cent of them New Delhi: India’s financial inclusion drive has reached a major milestone, with Jan...