by AIP Online Bureau | Oct 15, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. The 76-year-old...
by AIP Online Bureau | Oct 15, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: The much-awaited vehicle scrappage policy, which is under consideration of the Cabinet, is unlikely to help revive demand for new commercial vehicles (CVs) in the short-term, though used CVs sale may see an improvement, a research note said on Tuesday....
by AIP Online Bureau | Oct 15, 2019 | Eco/Invest/Demography, Indian News
New Delhi: The IMF on Tuesday, 15 October, slashed India's GDP growth projection for the year 2019 to 6.1 percent, which is 1.2 percent down from its April projections. The International Monetary Fund (IMF) in April said India will grow at 7.3...
by AIP Online Bureau | Oct 15, 2019 | Eco/Invest/Demography, Health, International News, Non-Life
HONG KONG: A global study of 100 countries conducted by insurance brokerage Pacific Prime found that 97 countries witnessed increases in average international health insurance premiums for both individuals and families. Of the 100 countries, the average...
by AIP Online Bureau | Oct 15, 2019 | Disaster & Management, Eco/Invest/Demography, International News
KORIYAMA:(Japan)- Japan’s government will consider drafting a supplementary budget if the 500 billion yen ($4.6 billion) it has in reserve for disaster relief is not enough, Finance Minister Taro Aso said on Tuesday, after Typhoon Hagibis...
by AIP Online Bureau | Oct 14, 2019 | Eco/Invest/Demography, Indian News, Risk Management
Indian chemical giant UPL Ltd. was defeated in court Friday by a small Philadelphia agrotech company that sued it for stealing its main trade secret — and the expert it hired to develop it. A federal jury in Wilmington, Delaware, told UPL and its Decco...
by AIP Online Bureau | Oct 14, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues. Daimler said late on Friday that Germany’s road traffic regulator KBA has concluded hearings over...
by AIP Online Bureau | Oct 14, 2019 | International News, Non-Life, Reinsurance
London: MS Amlin, the London-based re/insurer and subsidiary of MS&AD, has exited from the aviation insurance market, effective from Oct. 14 when it will cease underwriting aviation insurance renewals or new business. The aviation insurance...
by AIP Online Bureau | Oct 14, 2019 | Eco/Invest/Demography, Indian News, Non-Life
Pune: Electric vehicle startup Tork Motors on Monday said Ratan Tata has decided to invest an undisclosed amount in the company. Previously, the Pune-based company has raised funds from Bharat Forge and Bhavish Aggarwal (Founder of Ola cabs). "In the last...
by AIP Online Bureau | Oct 13, 2019 | Indian News, Reinsurance
Hyderabad: The insurance regulator IRDAI has once again constituated a top level panel to review the set of existing reinsurance norms. The committee will be headed byTR Alamelu, member, nonlife, IRDAI and would suggest amendments to reinsurance,...
