by AIP Online Bureau | Sep 5, 2018 | International News, Reinsurance
LONDON: Reinsurance rates are likely to see at most a modest uptick next year due to strong competition in the market, ratings agencies S&P Global, Fitch and Moody’s said on Tuesday. Reinsurers such as Swiss Re , Munich Re and the Lloyd’s...
by AIP Online Bureau | Sep 5, 2018 | Indian News, Risk Management
Mumbai: HDFC ERGO, India’s third largest non-life insurance provider in the private sector, today announced the launch of ‘E@Secure’, a Cyber Insurance Policy for individuals. The sum assured for the cover ranges from Rs 50,000 to...
by AIP Online Bureau | Sep 5, 2018 | International News, Risk Management
An Apple Inc. self-driving car was rear-ended while merging onto an expressway near the company’s Silicon Valley headquarters this month, the company said in an accident report posted on Friday that confirmed the iPhone maker is still in the race to build...
by AIP Online Bureau | Sep 5, 2018 | International News
Hurricanes in the Atlantic and Pacific oceans follow a see-saw pattern — when one region is down, the other is usually up. And with the Atlantic quiet this year, the Pacific is setting records. There’s been a parade of 14 named storms in the...
by AIP Online Bureau | Sep 5, 2018 | International News
New York: US based life insurer Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The...
by AIP Online Bureau | Sep 5, 2018 | International News, Reinsurance
PARIS: French reinsurer SCOR SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, a privately-held insurance company Covea, which said it’s still interested in pursuing a deal. SCOR shares climbed...
by AIP Online Bureau | Sep 4, 2018 | Indian News
New Delhi: Economic affairs secretary S.C. Garg on Tuesday said Life Insurance Corp (LIC) will explore an open offer in IDBI Bank. Market regulator, the Securities and Exchange Board of India, will decide on open offer exemption, he added. He also said the LIC...
by AIP Online Bureau | Sep 4, 2018 | Indian News
NEW DELHI: India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India (SCI) (SCI.NS) halted voyages to Iran due to U.S. sanctions, sources...
by AIP Online Bureau | Sep 4, 2018 | Indian News
New Delhi: The Centre said on Monday that the India Meteorological Department (IMD) had issued necessary severe weather warnings for Kerala rains last month, refuting the charge that there were lapses on its part. IMD representatives apprised the state...
by AIP Online Bureau | Sep 3, 2018 | Indian News
New Delhi: Over 1,400 people, including 488 in Kerala, have lost their lives due to rains, floods and landslides in 10 states so far in the monsoon season, the Home Ministry said Monday. According to the ministry's National Emergency Response...
