by AIP Online Bureau | Dec 12, 2019 | International News, Non-Life, Reinsurance
Munich: The Supervisory Board of Munich Re has appointed Dr. Achim Kassow (53) to the board of management with effect from 1 May 2020. He will succeed Hermann Pohlchristoph (54), who for personal reasons will not be extending his Board appointment, which...
by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, International News
North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said Wednesday, a finding that suggests digital gangsters and state-backed spies are finding common ground online. Mountain View, California-based...
by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
LOS ANGELES : US-based the Schall Law Firm, a shareholder rights litigation firm based in Los Angeles has announced the filing of a class action lawsuit against Infosys Limited. According to the complaint, Infosys made false and misleading statements to...
by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
NEW YORK: AXA XL, the P&C and Specialty Risk Division of global insurer AXA, Slice Labs Inc. (Slice), the leader of on-demand insurance cloud technology, and Microsoft will work together to help improve cyber health and mitigate risks for Microsoft 365...
by AIP Online Bureau | Dec 12, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
SAN FRANCISCO: The first public report on climate-related risks to financial markets ever commissioned by a U.S. market regulator will be out in June, the head of the group charged with writing it said on Wednesday. The report, by a 35-member panel...
by AIP Online Bureau | Dec 12, 2019 | Health, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
Hyderabad: In a surprise move,the insurance regulator IRDAI has banned the entry of- any insurer or insurance broker or any entity having interest in insurance into Third Party Administrator (TPA) business.TPAs function as intermediaries...
by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, International News, Non-Life
Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co.’s grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019. Dickson told CNBC in an interview...
by AIP Online Bureau | Dec 12, 2019 | Health, International News, Technology
Zurich: The Swiss health technology and insurtech company dacadoo completed its C-round capital increase to secure funding for its global growth strategy. Over the past few years, the company has now raised total funding of 70 million Swiss Francs. ...
by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, Indian News
Mumbai: Sovereign bonds slid after the report, with the yield on the benchmark 10-year note rising 5 basis points to 6.76 per cent. The rating company said it expects the economy to gradually recover over the next few years with correspondingly higher...
by AIP Online Bureau | Dec 11, 2019 | International News, Reinsurance
London: Managing general underwriter (MGU) Victor Insurance Holdings has gained Lloyd’s approval to launch Victor Syndicate 2288 and commence underwriting effective 1 January 2020 with an initial stamp capacity of £57mn ($75mn) supporting a business...
