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Saudi Re appoints Ruchi Jain as Principal Officer GIFT City, India Branch

Saudi Re appoints Ruchi Jain as Principal Officer GIFT City, India Branch

by AIP Online Bureau | Jun 11, 2026 | Briefs, Non-Life, Reinsurance

Saudi Re, after setting up its operations in GIFT-IFSC, has appointed Ruchi Jain as Principal Officer GIFT City, India Branch. Jain was working with Swiss Re before joining Saudi Re and brings over 18 years of extensive experience in the insurance and reinsurance...
India’s Rs 42 lakh crore PMS industry at defining inflection point: SEBI

India’s Rs 42 lakh crore PMS industry at defining inflection point: SEBI

by AIP Online Bureau | Jun 11, 2026 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Wealth Management/ Philanthropy

APMI Chairman Biharilal Deora said the PMS industry has emerged as an important component of India’s wealth management landscape, driven by increasing investor awareness, rising demand for customised investment solutions and a supportive regulatory framework....
Indian cities rank among world’s top 30 financial services markets: Report

Indian cities rank among world’s top 30 financial services markets: Report

by AIP Online Bureau | Jun 11, 2026 | Workplace/Employee Benefits

“India is rapidly strengthening its position as a global financial services hub, backed by a deep talent pool, technology expertise and operational scale,” said Arpit Mehrotra, Managing Director, Office Services, Colliers India. New Delhi: India is...
Aon appoints Steve Dando chief broking officer for Global Broking Center

Aon appoints Steve Dando chief broking officer for Global Broking Center

by AIP Online Bureau | Jun 11, 2026 | Intermediaries, International News, Non-Life, Reinsurance

In partnership with Aon teams around the world, the GBC provides insight-driven risk transfer advice, advanced placement solutions, proactive market insight and claims expertise to drive enhanced outcomes for clients. Dublin:Aon plc today appointed of Steve Dando as...
Homemakers are “nation builders”: SC says loss of wife’s domestic care should be monetised at Rs 30K

Homemakers are “nation builders”: SC says loss of wife’s domestic care should be monetised at Rs 30K

by AIP Online Bureau | Jun 11, 2026 | Eco/Invest/Demography, Indian News, Non-Life

“We are also of the view that the housewife contributes to the growth of the human being and the nation. The homemaker builds nation. So we have laid down the principles, and as a nation builder, we have housewife, we have quantified the amount that the loss of...
LIC employees requisitioned for census duty: Allahabad HC stays Kanpur Nagar Nigam order

LIC employees requisitioned for census duty: Allahabad HC stays Kanpur Nagar Nigam order

by AIP Online Bureau | Jun 11, 2026 | Indian News, Life

The The Allahabad High Court found the impugned directive prima facie bad in law. It also rejected the stance of the state and the union governments that census operations are of national importance and hence no interim order be passed on the plea. Prayagraj (UP): The...
Iran declares Hormuz closed to all vessels after US strikes

Iran declares Hormuz closed to all vessels after US strikes

by AIP Online Bureau | Jun 11, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships.Any vessel attempting to transit the strait will be targeted,” the IRGC said Iran’s Islamic...
NIA rolls out India’s first Motor insurance war risk protection solution

NIA rolls out India’s first Motor insurance war risk protection solution

by AIP Online Bureau | Jun 10, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“The Motor War Risk Add-On Cover is designed to bridge a critical protection gap by offering insurance protection against direct physical loss or damage to the insured vehicle arising from war-related events. The cover can also be availed for motor insurance...
Commercial vessel attacked off Oman: 3 Indian crew missing

Commercial vessel attacked off Oman: 3 Indian crew missing

by AIP Online Bureau | Jun 10, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The US Central Command acknowledged the strike on the vessel saying it violated the ongoing US blockade of the Iranian ports by attempting to transport oil from Iran. New Delhi:India on Wednesday summoned the United States charge d’affaires to strongly protest a...
Dark fleet expands amid Hormuz tensions

Dark fleet expands amid Hormuz tensions

by AIP Online Bureau | Jun 10, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The increase in Gulf producers’ ships going dark to sneak through undetected by Iran is at the heart of the rise in flows, coinciding with a period where the US has been helping ships navigate through the waterway. The recent volumes add to signs that the oil market...
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