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For BP, car chargers to overtake pumps in profitability race

by AIP Online Bureau | Jan 14, 2022 | Eco/Invest/Demography, Facts, International News

“If I think about a tank of fuel versus a fast charge, we are nearing a place where the business fundamentals on the fast charge are better than they are on the fuel,” BP’s head of customers and products Emma Delaney told Reuters BP says its fast...

Minimum 6 airbags to be made mandatory in vehicles that can carry up to 8 passengers: Gadkari

by AIP Online Bureau | Jan 14, 2022 | Indian News

According to Gadkari, this will ultimately ensure the safety of passengers across all segments, irrespective of the cost/variant of the vehicle The latest government data show, there were total 1,16,496 road accidents occurred on national highways (NHs), including...

SCOR and Swedish pension fund Alecta enter a strategic partnership through the Atlas Gotland sidecar

by AIP Online Bureau | Jan 14, 2022 | International News, Non-Life, Reinsurance

With this investment, Alecta will benefit from the performance of SCOR Global P&C’s diversified portfolio of property catastrophe reinsurance through a multi-year agreement Paris: SCOR announces that it has secured a USD 200 Million investment by the Swedish...

Lloyd’s and London market insurers tap DXC Technology to transform the world’s largest insurance marketplace

by AIP Online Bureau | Jan 14, 2022 | International News, Non-Life, Reinsurance, Technology

John Neal, CEO of Lloyd’s said: “With the respective commitments of DXC, Lloyd’s and the entire London market, we have the capabilities to transition to a single platform solution that will provide automated processing and accounting for the market, a substantial...

New life reinsurer “Martello Re” launched, funded by MassMutual, Centerbridge Partners and Brown Brothers Harriman

by AIP Online Bureau | Jan 14, 2022 | International News, Life, Reinsurance

The company will initially focus on providing MassMutual and its subsidiaries with reinsurance capacity on current product offerings, after which it will offer its services selectively to other top insurers in the life and annuity space HAMILTON, Bermuda and...

‘Significant discipline’ at Jan. 1 reinsurance renewals may set tone for ’22:S&P

by AIP Online Bureau | Jan 14, 2022 | International News, Non-Life, Reinsurance

Retrocession capacity is becoming scarcer and more expensive, particularly at lower coverage layers and where it is offering protection against loss frequency. This is because capital markets investors who finance a large part of the market have grown weary of...

Passenger vehicle sales in India dip 13 pc in December: SIAM

by AIP Online Bureau | Jan 14, 2022 | Eco/Invest/Demography, Indian News

As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 11 per cent to 10,06,062 units, compared to 11,27,917 vehicles in December 2020 New Delhi: Passenger vehicle wholesales in India declined 13 per cent to...

2021 fifth warmest year in India since 1901: IMD

by AIP Online Bureau | Jan 14, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Indian News

The India Meteorological Department (IMD) said thunderstorms and lightning reportedly claimed 787 lives in India in 2021, while 759 people died in heavy rainfall and flood-related incidents New Delhi: The year 2021 was the fifth warmest year in India since 1901, with...

Budget session of Parliament to begin on Jan 31

by AIP Online Bureau | Jan 14, 2022 | Indian News, Policy

The Union Budget for 2022-23 will be laid in the Rajya Sabha after its presentation in Lok Sabha on Tuesday, February 1 at 11.00 am New Delhi: Budget session of Parliament is set to commence on January 31 and will conclude on April 8. The first half of the budget...

Indian markets gains likely to be muted in 2022; 9% upside for Nifty by Dec: Report

by AIP Online Bureau | Jan 14, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

The market rally that began from June 2020 and lasted till October 2021 will not hold this year and the return will be in high single-digit of say up to 9 per cent, Amish Shah, a research analyst at the brokerage, said and expects Nifty at 9,100 by December He also...
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