by AIP Online Bureau | Mar 5, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
DIPAM Secretary Tuhin Kanta Pandey said that while the government’s desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a ”dynamic situation’. New Delhi: The government will take a...
by AIP Online Bureau | Mar 4, 2022 | International News, Non-Life, Reinsurance
Europe’s No 3 insurer said its exposure to the Russian market in terms of investments and insurance business was under constant evaluation. The moves come as Western countries seek to distance themselves from Russian business after President Vladimir Putin...
by AIP Online Bureau | Mar 4, 2022 | International News, Non-Life, Reinsurance, Risk Management
MOSCOW: Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion roubles ($3.08 billion) from 71 billion...
by AIP Online Bureau | Mar 4, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...
by AIP Online Bureau | Mar 4, 2022 | International News
The plant’s reactor is a different type than the one used at Chernobyl, and there should be little risk if the containment vessel is not damaged and outside power can be restored, said Jon B. Wolfsthal, a former senior director for arms control and nonproliferation at...
by AIP Online Bureau | Mar 4, 2022 | Facts, Health, Pandemic
Surprisingly, the study found no association between being diagnosed with COVID and having poor mental health. But respondents reported that having symptoms, no diagnosis and no way to test was distressing. Those who lost income or felt they were working in an unsafe...
by AIP Online Bureau | Mar 4, 2022 | International News, Non-Life, Reinsurance
Insurance Australia Group Ltd was previously named as potentially exposed to the 2021 failure of Greensill since its former unit BCC Trade Credit sold policies to Greensill, but said at the time it had no liability because it sold its share of the unit two years...
by AIP Online Bureau | Mar 3, 2022 | Indian News, Non-Life, Reinsurance
International reinsurers, post Russian invasion of Ukraine, have already intimated the Indian general insurers about possible impacts in terms of higher pricing and tighter terms and conditions in coming days for Indian business Indian insurers advise India Inc to go...
by AIP Online Bureau | Mar 3, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
So far in 2022 (till February 4, 2022), FPIs were net sellers in Indian equities to the tune of USD 4.95 billion The value of foreign portfolio investors’ (FPI) holdings in domestic equities reached USD 654 billion in three months ended December 2021, a drop of...
by AIP Online Bureau | Mar 3, 2022 | International News, Non-Life, Policy, Reinsurance
The world’s biggest container shipping lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow in a further blow to trade with the country British ship insurer West of England has withdrawn cover for two...
