by AIP Online Bureau | May 8, 2019 | Health, International News
Geneva World Health Organisation (WHO) welcomed the commitment by the International Food and Beverage Alliance (IFBA) to align with the WHO target to eliminate industrially produced trans fat from the global food supply by 2023. Trans fat...
by AIP Online Bureau | May 7, 2019 | Health, International News
Johnson & Johnson agreed to pay about $1 billion to resolve the bulk of lawsuits claiming the company sold defective metal-on-metal hip implants that ultimately had to be removed, Bloomberg reported on Tuesday, citing people with knowledge of the matter....
by AIP Online Bureau | May 7, 2019 | Disaster & Management, Indian News, Life, Non-Life
Mumbai: Even as the insurers are now busy in compiling the claims out of the cyclone Fani,that may hit around Rs 1000 crores, the insuranace regulator IRDAI has asked all the insurers on Tuesday to extend every possible facilitation in quick and...
by AIP Online Bureau | May 7, 2019 | International News, Reinsurance
Singapore: Growth of the Insurance-linked securities (ILS) market continued to slow in the first quarter of 2019 following the reduction seen in Q4 2018. Slightly more than $1.1 billion was raised through non-life catastrophe bond issues, compared with an...
by AIP Online Bureau | May 7, 2019 | International News, Reinsurance
Hanover: Hannover Re, the fourth-largest reinsurer in the world, said its treaty renewals as at 1 April 2019 increased by 6.6 per cent.The company is targeting a combined ratio of no more than 97 per cent in 2019.. Business in Japan is traditionally...
by AIP Online Bureau | May 7, 2019 | Disaster & Management, International News, Reinsurance, Risk Management
Paris: SCOR notes the decision of the General Court of the European Union, which confirms the decision of September 26, 2016, by the European Commission concerning the guarantee granted by the French State to the CCR regarding natural catastrophe...
by AIP Online Bureau | May 7, 2019 | Eco/Invest/Demography, International News, Life, Non-Life
LUXEMBOURG : The Luxembourg insurance sector was buoyed by Brexit effect in the first quarter, the national insurance commission said on Monday, with international non-life premiums showing a fourfold increase from a year earlier. Premiums in the non-life...
by AIP Online Bureau | May 7, 2019 | Eco/Invest/Demography, Health, Indian News, Non-Life
Mumbai: The public sector general insurers led by the New India Assurance (NIA) except Oriental Insurance Company(OIC) have lost out heavily their motor business to the private sector companies in 2018-19. The public sector companies- NIA,...
by AIP Online Bureau | May 6, 2019 | Indian News, Risk Management
New Delhi: Proxy advisory and corporate governance firm InGovern Monday alleged that Britannia Industries violated listing regulations in not reporting arrest of its promoter and director Ness Wadia, while demanding his resignation. InGovern founder...
by AIP Online Bureau | May 6, 2019 | Eco/Invest/Demography, Indian News, Technology
NEW DELHI: Global card payments major Mastercard Monday said it will invest USD 1 billion (about Rs 7,000 crore) in India in the next five years and plans to make the country a global technology node for its platforms. The company has already...
