by AIP Online Bureau | Oct 30, 2019 | Indian News, Non-Life
Mumbai: Reliance General Insurance, part of Anil Ambani-led Reliance Group, has decided to withdraw its proposed initial share sale offer. The initial public offering (IPO) was slated for fresh issue of shares worth Rs 200 crore, besides an offer of sale...
by AIP Online Bureau | Oct 30, 2019 | Indian News, Life
Mumbai: UK's Standard Life on October 30 divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. The US-based Capital Group is among the buyers which picked up shares of the insurance...
by AIP Online Bureau | Oct 29, 2019 | International News, Non-Life
Singapore: Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, in Asia. The product covers a range of first party losses including business interruption and provides clients with crisis management support in the wake of a breach....
by AIP Online Bureau | Oct 29, 2019 | Eco/Invest/Demography, Health, Indian News
New Delhi:: The corporate sector has set aside over Rs 10,000 crore every fiscal year since 2014-15 towards corporate social responsibility(CSR), President Ram Nath Kovind said. He said the Companies Act was amended in 2013-14 making it mandatory...
by AIP Online Bureau | Oct 29, 2019 | Eco/Invest/Demography, International News, Non-Life
Mumbai: Budget carrier IndiGo announced on Tuesday it has placed a firm order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs. The airline, however, did not disclose the value of order. With this, IndiGo's total...
by AIP Online Bureau | Oct 29, 2019 | Indian News, Non-Life
New Delhi: Civil aviation regulator DGCA on Tuesday asked GoAir to replace 13 A320Neo aircraft’s PW engines, which have been used for over 3,000 hours, within the next 15 days or face grounding of airplanes, an official said. The 13 aircraft have to be...
by AIP Online Bureau | Oct 28, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
HEALDSBURG, Calif. – Insurance has become a serious problem in California as wildfires — past and present — wreak havoc on the state. After last year’s devastating wildfires, insurance companies are balking at fire coverage policy...
by AIP Online Bureau | Oct 28, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
LONDON/BRUSSELS: The European Union agreed a three-month flexible delay on Monday to Britain’s departure from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an extension he had vowed never to ask for....
by AIP Online Bureau | Oct 28, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Hong Kong: Unrest in Hong Kong has led to damages of various mainland China-linked entities, most notably local rail operator MTR and lenders such as Bank of China. The $77 million insurance claim surpassed the $41 million linked with the SAR (severe acute...
by AIP Online Bureau | Oct 28, 2019 | Eco/Invest/Demography, International News
The outflow from US equity funds this year has been the biggest since 2008, relative to the flood of money into cash and bonds, according to Goldman Sachs Group Inc. That still leaves cash exposures “near historical lows,” according to...
