by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “The first nine months of this year were marked by a confluence of events affecting Swiss Re’s financial performance: from turbulence in the financial markets, to an increase in...
by AIP Online Bureau | Oct 28, 2022 | Indian News, Policy, Regulation, Risk Management, Technology
The IT rules changes have been in the works for months, though, ever since users red-flagged instances of digital platforms acting arbitrarily. The latest move will arm the users with a grievance appeal mechanism in the form of appellate committees that will look into...
by AIP Online Bureau | Oct 28, 2022 | Eco/Invest/Demography, Health, Indian News
While the COVID-19 pandemic impacted TB programmes across the world, India was able to successfully offset the disruptions through the introduction of critical interventions in 2020 and 2021, which led to the National TB Elimination Programme notifying over 21.4 lakh...
by AIP Online Bureau | Oct 28, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
The transfer, if concluded, would boost LIC’s net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said. New Delhi: State owned Life...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
“The global business environment remains tough for clients. Ongoing inflation and geopolitical instability are affecting all sectors and we expect even more challenging conditions in the already strained property catastrophe market following Hurricane Ian,” commented...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
“We expect most of the rated regional reinsurers to revise asset allocations amid rate hikes in certain countries, capital market volatility, and inflationary pressures on hedging costs. Regional reinsurers continue to have relatively higher allocation to risky...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
The High Court claim also names Fidelis Insurance Ireland, HDI Global Speciality, Abu Dhabi National Insurance Company , Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Speciality Europe Aircraft leasing firm Dubai...
by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Non-Life
Fosun’s insurance shareholdings include AmeriTrust Group, Peak Re, Fosun Insurance Portugal, and Pramerica Fosun Life Insurance. Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from...
by AIP Online Bureau | Oct 27, 2022 | International News, Non-Life, Reinsurance
Fosun is working with a financial adviser as it considers options including the potential sale of its majority stake or a minority interest in the reinsurer, the people said, asking not to be identified because the matter is private. A transaction could value Peak Re...
by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy
While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is “highly risky” and not suitable for the general public such digital assets play a supporting role in the broader digital...
