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Allianz weighs options for AllianzGI unit, sources say

Allianz weighs options for AllianzGI unit, sources say

by AIP Online Bureau | Oct 26, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Amundi and Germany’s DWS would be logical candidates for any deal Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that...
US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap

US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap

by AIP Online Bureau | Oct 26, 2024 | Eco/Invest/Demography, International News, Risk Management

Settlement will cover federal costs incurred to restore access to the port of Baltimore The US Justice Department announced on Thursday that Grace Ocean Private Limited and Synergy Marine Private Limited, the Singaporean corporations that owned and operated the Motor...

Cat bonds remain unscathed after Hurricane Milton

by AIP Online Bureau | Oct 26, 2024 | Workplace/Employee Benefits

After two weeks of number-crunching, it now seems clear that investors in catastrophe bonds emerged from Hurricane Milton relatively unscathed. In fact, holders of the bonds may be looking at returns of as much as 12%, according to Zurich-based asset manager and...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal

Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal

by AIP Online Bureau | Oct 26, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation

The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...

Must take action on hoax bomb threats to airlines, IT Ministry tells social media platforms

by AIP Online Bureau | Oct 26, 2024 | Indian News, Risk Management, Technology

“Considering the serious nature of the situation, the Ministry of Electronics and Information Technology reminds with emphasis that all the intermediaries including social media intermediaries must make reasonable efforts to disallow such malicious acts...
Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt

Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt

by AIP Online Bureau | Oct 26, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

Chief Minister Mohan Charan Majhi during a review meeting on Friday night said the final estimate of the loss in the agriculture sector would be known from the detailed report, on the basis of which the government would decide on compensation for farmers Bhubaneswar:...
Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC

Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC

by AIP Online Bureau | Oct 26, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy

The top court was hearing an appeal filed by kin of a man who died in a road accident in 2015.When it came to determining the age, the top court accepted the contention of the claimant-appellants before it and upheld the judgment of the Motor Accident Claims Tribunal...
Nothing stops pvt sector from coming and doing business In India: Nirmala Sitharaman

Nothing stops pvt sector from coming and doing business In India: Nirmala Sitharaman

by AIP Online Bureau | Oct 26, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation

Nirmala Sitharaman,Union Finance Minister When asked about prospects for private sector engagement, particularly in banking and insurance, Sitharaman responded, “Nothing stops them from coming and doing business. There are actually many private banks already in...

Hack at UnitedHealth’s tech unit impacted 100 mln people, US health dept says

by AIP Online Bureau | Oct 25, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Risk Management, Technology

UnitedHealth has previously said that hackers potentially stole a third of Americans’ data in one of the worst hacks to hit the U.S. healthcare sector. The company began notifying affected patients in June The February hack at UnitedHealth’s tech unit...

Income disparity in India has declined 74.2% since FY14, reveals SBI study

by AIP Online Bureau | Oct 25, 2024 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

“Our analysis shows that there has been a cumulative 74.2% decline in income disparity coverage for those earning up to Rs 5 lakh. This shows the continuous efforts of Govt are reaching the bottom of pyramid that is leading to increase in income of ‘lower...
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