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Beazley launches a D&O solution for crypto companies

Beazley launches a D&O solution for crypto companies

by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Luisa Celentano, Underwriter, D&O Specialty Risks said: “The crypto market is growing rapidly, and becoming increasingly mainstream. Crypto firms face a myriad of risks from extreme volatility to a lack of regulation, and they also have to contend with different...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman

Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman

by AIP Online Bureau | Jun 17, 2022 | International News, Non-Life, Reinsurance

Bruce Carnegie-Brown, chairman, Lloyd’s “It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on...
Big tech’s financial services play poses systemic concerns like overleverage: RBI Governor Das

Big tech’s financial services play poses systemic concerns like overleverage: RBI Governor Das

by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Shaktikanta Das,Governor,RBI The entry of firms like Google, Amazon, and Facebook (Meta), referred to as big tech companies, also poses question marks around competition and data privacy. Das said deploying harsh recovery methods like calling up at odd hours or using...

Ukraine grain shippers take alternative export routes via Baltic Sea

by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The country has been hunting for alternative paths for its crops as the war with Russia cuts off vital shipments from ports dotting the Black Sea, stoking global food prices and raising worries over hunger. Producers have resorted to sales by land instead, ferrying...

Elon Musk sued by Tesla investor over ‘toxic’ work culture

by AIP Online Bureau | Jun 17, 2022 | International News, Non-Life, Workplace/Employee Benefits

“This toxic work environment has gestated internally for years, and only recently has the truth about Tesla’s culture emerged, leading to legal action from government regulators and private parties alike,” Chau said in the complaint. “Tesla’s toxic workplace culture...

Wall St tanks as recession fears grip markets; Nasdaq down 3.85%

by AIP Online Bureau | Jun 16, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

The selloff was severe as the Fed’s aggressive move raised fears of a spate of monetary tightening from global central banks that could slow growth around the world. Switzerland and Britain lifted rates following the Fed’s 75-basis-point hike on Wednesday...

‘India may need $10 trn investment to achieve net-zero emission by 2070’

by AIP Online Bureau | Jun 16, 2022 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

Most importantly, create carbon markets and incentives for the adoption of clean energy technologies. India also needs to undertake several policy measures to help deepen the green bond market to facilitate financing,” a joint white paper issued by GE-EY said...
Investors lose Rs 15.74 trn of  wealth as markets log 5th day of fall

Investors lose Rs 15.74 trn of wealth as markets log 5th day of fall

by AIP Online Bureau | Jun 16, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

“After today’s sharp plunge, we suspect bulls will have to battle hard in the backdrop of a hawkish Fed and RBI, spiking oil prices, inflation concerns, growth fears and persistent FIIs selling,” said Prashanth Tapse, Vice President (Research), Mehta...
E&Y bags Rs10 cr GIPSA award for overhauling 4 PSU general insurers in 10 months

E&Y bags Rs10 cr GIPSA award for overhauling 4 PSU general insurers in 10 months

by AIP Online Bureau | Jun 16, 2022 | Indian News, Non-Life, Policy

E&Y has beaten three other international consultants, Boston Consulting Group,(BCG), KPMG and AT Kearney to bag this prestigious project As per the new RPF, all the four companies are calling for only one consultant to lay down uniform process in terms of human...

IDF announces a trio of key efforts launched during the IDF Summit 2022

by AIP Online Bureau | Jun 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Michel M. Liès, Chairman of Zurich Insurance Group and Chair of the IDF Steering Committee, said, “The actions highlighted at this event are testament to the power that collective action can have in the effort to build resilience to the impacts of climate change and...
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