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Swiss Re profit beats estimates with cost cutting

Swiss Re profit beats estimates with cost cutting

by AIP Online Bureau | Aug 6, 2026 | International News, Non-Life, Reinsurance

Andreas Berger, Chief Executive Officer, Swiss Re Lower major catastrophe losses supported Swiss Re’s profits in the period, though pricing pressure across the industry is expected to continue into next year. Inflation and macro-economic uncertainty are also...
Global Shipping groups urge UN to reject any compulsory transit tolls in Hormuz

Global Shipping groups urge UN to reject any compulsory transit tolls in Hormuz

by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Once such a precedent is established, it becomes increasingly difficult to resist similar measures elsewhere, creating uncertainty for international shipping and global commerce,” wrote the group, which included the International Chamber of Shipping, BIMCO, the World...
FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security

FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security

by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, Indian News, Policy, Technology

Nirmala Sitharaman,Finance Minister The government is likely to allow a levy of 0.25 per cent to 0.4 per cent as merchant discount rate (MDR) or charges on UPI payments above Rs 2,000 made to businesses, while keeping payments made by one person to another outside the...
LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27

LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27

by AIP Online Bureau | Aug 6, 2026 | Indian News, Life

R Doraiswamy, CEO & MD, LIC, said,“The numbers are good this quarter, but if you look at the growth in premium or APE, it is not as high as what you would have expected.What gives us more happiness is that our VNB has grown by 61 per cent plus and our VNB margin...
Everest to sell Mexico insurance operations to Fairfax

Everest to sell Mexico insurance operations to Fairfax

by AIP Online Bureau | Aug 6, 2026 | International News, Non-Life, Reinsurance

The transaction follows Everest’s recent announcements of agreements to sell its Colombia and Canada insurance operations as part of its planned exit from its remaining commercial retail insurance businesses. It is expected to close in 2027, subject to customary...
Favorable insurance market conditions continue despite increasing risk complexity, Aon Report

Favorable insurance market conditions continue despite increasing risk complexity, Aon Report

by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

“The most pronounced impacts are in Marine Hull & War, Marine P&I, Aviation, and Terrorism & Political Violence, where insurers are exercising greater underwriting discipline, repricing risk and placing increased emphasis on policy terms and...
Govt kept investment bankers in dark on LIC’s unusually fast $3.3 billion OFS deal

Govt kept investment bankers in dark on LIC’s unusually fast $3.3 billion OFS deal

by AIP Online Bureau | Aug 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy, Wealth Management/ Philanthropy

Officials in the state divestment department kept the launch date a secret to prevent traders from taking positions ahead of the sale and pushing the stock lower before the government could sell its shares, according to people familiar with the matter. Even the banks...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P

Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P

by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Reinsurance

“Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector’s development,” the S&P report said. New Delhi:India’s...
Swiss Re strikes exclusive partnerships with India’s Bajaj General Insurance

Swiss Re strikes exclusive partnerships with India’s Bajaj General Insurance

by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: “Our partnerships with Bajaj General Insurance and GNP Seguros mark the beginning of a new era in how we serve clients in India and Mexico, two of the world’s fastest-growing commercial insurance...

by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, Non-Life, Reinsurance, Workplace/Employee Benefits

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Recent Posts

  • Swiss Re profit beats estimates with cost cutting
  • Global Shipping groups urge UN to reject any compulsory transit tolls in Hormuz
  • FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security
  • LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27
  • Everest to sell Mexico insurance operations to Fairfax

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