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Generali hikes its stake to 68 % in its Indian life JV

Generali hikes its stake to 68 % in its Indian life JV

by AIP Online Bureau | Mar 30, 2022 | Indian News, Life

Generali now holds a stake of around 68% in FGIL, which may increase further to 71% by the end of 2022, following further subscription of shares by Generali Jaime Anchústegui Melgarejo, CEO International of Generali, said: “This acquisition is in line with Generali’s...

Blockchain project Ronin hit by $615 million crypto heist

by AIP Online Bureau | Mar 30, 2022 | International News, Technology, Wealth Management/ Philanthropy

Hacks have long plagued crypto platforms. The cryptocurrency arm of Jump Trading said last month it had restored more than $320 million to crypto platform Wormhole after the decentralised finance site was hit with one of the largest crypto heists on record Blockchain...
Chubb buys DUAL’s Asian Financial and Cyber business

Chubb buys DUAL’s Asian Financial and Cyber business

by AIP Online Bureau | Mar 30, 2022 | International News, Non-Life, Technology

Chubb will be purchasing the business assets including intellectual property in the form of wordings and underwriting models from DUAL in both Hong Kong and Singapore Over the last 13 years DUAL Asia has grown organically, in partnership with MSIG, into a Financial...

by AIP Online Bureau | Mar 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

Global leasing companies had until Monday to sever ties with Russian carriers under Western sanctions imposed over Moscow’s invasion of Ukraine, but executives say only a fraction of the more than 400 jets directly involved have been returned Russia’s airline...

“India Has One Of The Lowest Covid Deaths (374) Per Million”: Centre

by AIP Online Bureau | Mar 30, 2022 | Data, Eco/Invest/Demography, Health, Non-Life, Pandemic

According to the data available with World Health Organisation (WHO), India has one of the lowest deaths per million (374 deaths per million population) which is much lower compared to similarly affected countries like the United States of America (2,920 deaths per...
Indian Millennials are financially prudent, need guidance for buying life insurance: Tata AIA Life Survey

Indian Millennials are financially prudent, need guidance for buying life insurance: Tata AIA Life Survey

by AIP Online Bureau | Mar 29, 2022 | Facts, Life, Wealth Management/ Philanthropy

However, amid the encouraging habits towards financial prudence, Indian millennials are yet to become fully aware of and understand solutions such as life and health insurance Mumbai: Indian millennials seem to have realized the importance of maintaining a healthy...
Apr 1 renewals: Hannover Re rules out any price hike for Indian market

Apr 1 renewals: Hannover Re rules out any price hike for Indian market

by AIP Online Bureau | Mar 29, 2022 | Health, Indian News, Life, Non-Life, Reinsurance

The renewals in India in P&C(Property & Casualty) should be relatively stable both on the proportional and on the non-proportional side. 2021 has been a benign year for us from catastrophic losses point of view in India. said Sven Althoff, member, (P&C),...

WhatsApp to increase maximum file transfer size to 2 GB: Report

by AIP Online Bureau | Mar 29, 2022 | Facts, Technology

According to a WABetaInfo report, WhatsApp will soon start testing the “Media File Size” feature in Argentina which will allow users to share media files up to 2GB in size. The feature will initially be limited to Beta testers in Argentina Meta-owned...

EY Brexit tracker finds 7,000 finance jobs have left London for EU

by AIP Online Bureau | Mar 29, 2022 | Data, Eco/Invest/Demography

Dublin is the most popular destination for staff relocations and new hubs, followed by Luxembourg, Frankfurt and Paris The transfer of assets from London to EU hubs remains around 1.3 trillion pounds ($1.7 trillion), EY said, adding that Brexit staff moves are by now...

Maersk warns Shanghai city lockdown to boost transport costs further

by AIP Online Bureau | Mar 29, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

A survey conducted by a state newspaper found Shenzhen’s “war” on COVID-19 has hurt up to 93% of local small and medium-sized companies, with many suffering production disruptions because of shutdowns, interruptions in supply chains, and delays in...
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