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Lloyd’s finds former CEO John Neal breached compliance rules over undisclosed relationship

Lloyd’s finds former CEO John Neal breached compliance rules over undisclosed relationship

by AIP Online Bureau | Jul 22, 2026 | International News

John Neal, former CEO Lloyd’s of London An investigation found that Neal failed to disclose the relationship with the group’s former corporate affairs director Rebekah Clement even after concerns were raised by colleagues, according to a statement Wednesday....
PFRDA opens on-tap licensing for pension fund managers in India

PFRDA opens on-tap licensing for pension fund managers in India

by AIP Online Bureau | Jul 21, 2026 | Eco/Invest/Demography, Indian News, Pension & Social Security, Regulation

“Earlier, registration of Pension Funds was undertaken through applications invited during specified registration windows. Pursuant to the decision of the Authority, the registration process is now being opened on a continuous ‘on-tap’ basis and...
Insurance woes amid US-Iran war stall airlines’ return to Dubai

Insurance woes amid US-Iran war stall airlines’ return to Dubai

by AIP Online Bureau | Jul 21, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

International carriers’ operations to Dubai are growing but some key European airlines still aren’t making the trip because of government travel advisories for the region, according to Dubai Airports Chief Executive Officer Paul Griffiths. “They are having difficulty...
Global insurance premiums hit $7.1 trillion in 2025, but structural challenges persist: Bain

Global insurance premiums hit $7.1 trillion in 2025, but structural challenges persist: Bain

by AIP Online Bureau | Jul 21, 2026 | Workplace/Employee Benefits

Lowering the cost of risk will be critical for insurers seeking to increase relevance and expand the market, Bain advises. Its report identifies four levers for doing so: claims, distribution, operating expenses, and capital. Global insurers delivered strong premium...
10 killed in Sikkim tunnel collapse: CM

10 killed in Sikkim tunnel collapse: CM

by AIP Online Bureau | Jul 21, 2026 | Eco/Invest/Demography, Indian News

Sikkim Chief Minister Prem Singh Tamang said the tunnel of NHPC Teesta Stage VI Hydroelectric Project at Samardung in Jholungey caved in due to a landslide.A total of 25 people, including project officials and workers, were trapped inside the ADIT-3 tunnel when it...
Floods, landslides across northern India kill at least 25

Floods, landslides across northern India kill at least 25

by AIP Online Bureau | Jul 21, 2026 | Disaster & Management, Eco/Invest/Demography, Indian News

GUWAHATI/SRINAGAR: At least 25 people died in floods and landslides caused by torrential rain across northern and northeastern India over ​the weekend, officials said on Monday, with more rain ‌predicted over the next few days. At least 23 people have died and seven...
Supreme Court asks IRDAI to standardise cross-border Motor Insurance clauses

Supreme Court asks IRDAI to standardise cross-border Motor Insurance clauses

by AIP Online Bureau | Jul 21, 2026 | Indian News, Non-Life, Regulation

The bench said insurers have, in many cases, exploited this ambiguity either to escape liability which they should rightfully bear, or conversely, found themselves burdened with the liability they never intended to assume simply because their policy language was...
Out of total CSR only 8.4% spent on environment in FY-2023-24: Report

Out of total CSR only 8.4% spent on environment in FY-2023-24: Report

by AIP Online Bureau | Jul 21, 2026 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

“Sectors with high pollution intensity, including oil, gas, coal and petroleum, mining, and energy, allocate only 5-7 per cent of their CSR budgets to environmental initiatives… By contrast, consumer-facing sectors such as FMCG and automotive allocate over 10-15 per...
Houthis escalate pressure, Announce planned maritime blockade of Saudi Arabia

Houthis escalate pressure, Announce planned maritime blockade of Saudi Arabia

by AIP Online Bureau | Jul 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

A disruption to supplies through the Red Sea, the route currently used by Saudi Arabia for bulk of its crude exports, would exacerbate the war’s impact on global oil trade. The Houthis, an Iran-backed Yemeni group, said they would impose a maritime blockade on Saudi...
Red Sea war insurance costs rise after Houthi blockade, sources say

Red Sea war insurance costs rise after Houthi blockade, sources say

by AIP Online Bureau | Jul 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Indicative war risk ​premiums rose to around 0.75% of the value of a ship, from around ⁠0.3% on Friday before the Houthi announcement, according to the sources, who declined to be ​identified due to the sensitivity of the matter. LONDON: The insurance cost ​of...
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  • FY26 Performance: Indian general insurance underwriting losses surge 54% to Rs 46,632 crore,profitability plunges 92% to Rs 953 crore
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