by AIP Online Bureau | Dec 6, 2019 | Indian News, Regulation
Mumbai: The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency ratios, Irdai chairman SC Khuntia...
by AIP Online Bureau | Dec 6, 2019 | Eco/Invest/Demography, International News, Risk Management
Ride-hailing firm Uber Technologies Inc. said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was serious about safety. The figure...
by AIP Online Bureau | Dec 6, 2019 | Eco/Invest/Demography, International News, Life, Pension & Social Security
London: Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance industry by forming a joint venture with former Goldman Sachs Group Inc. partner Chris Milner. The new venture with...
by AIP Online Bureau | Dec 6, 2019 | Eco/Invest/Demography, International News, Risk Management
Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer. The crew of an oil supertanker was kidnapped off...
by AIP Online Bureau | Dec 6, 2019 | Eco/Invest/Demography, Indian News
Mumbai: Consumer confidence in India dropped to its lowest since at least 2014, the year Prime Minister Narendra Modi came to power. The current situation index fell to 85.7 in November from 89.4 in September, according to the Reserve Bank of India’s...
by AIP Online Bureau | Dec 6, 2019 | International News, Reinsurance
LONDON/ZURICH: Insurance group Phoenix Group Holdings said it had agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares, its biggest deal to date. The deal is the latest in a rapidly consolidating sector...
by AIP Online Bureau | Dec 5, 2019 | International News, Non-Life, Reinsurance
Singapore: Bermuda-headquartered (re)insurer Catalina Holdings has agreed to acquire Singapore based Asia Capital Re(ACR) for an undisclosed amount.ACR's existing major shareholders include 3i Group plc (and affiliates), Khazanah Nasional Berhad,...
by AIP Online Bureau | Dec 5, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
Fighting climate change will cost companies worldwide nearly $2.5 trillion over the next 10 years, according to an estimate by Allianz SE. The German insurer analyzed the most important measures currently enacted or under discussion to rein in global...
by AIP Online Bureau | Dec 5, 2019 | Eco/Invest/Demography, Indian News, Non-Life
Srinagar: The economy of Kashmir has suffered losses of Rs 15,000 crore since August 5, when the government abrogated Article 370 provisions, a commerce body has claimed, saying that this is just a "conservative estimate". The Centre had...
by AIP Online Bureau | Dec 5, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security
New Delhi:: A draft Bill to amend the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 has provisions to arraign sons-in-law and daughters-in-law if they fail to look after their aged in-laws and provide monthly maintenance. The...
