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Trade war risk rises for global macro, credit outlook, cautions Fitch

Trade war risk rises for global macro, credit outlook, cautions Fitch

by AIP Online Bureau | Feb 18, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management

Notably, these uncertainties come at a time of slowing US and Chinese growth and a faltering recovery in the eurozone, underscoring cyclical vulnerabilities New York: The risks of a global trade war have risen significantly, with the Trump administration pursuing a...
Delta plane flips upside down on landing at Toronto airport, injuring 18

Delta plane flips upside down on landing at Toronto airport, injuring 18

by AIP Online Bureau | Feb 18, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology

U.S. carrier Delta said a CRJ900 aircraft operated by its Endeavor Air subsidiary was involved in a single-aircraft accident with 76 passengers and four crew members on board. TORONTO: A Delta Air Lines regional jet flipped upside down upon landing at Canada’s...
Aon appoints Jennifer Richards as CEO of Asia Pacific

Aon appoints Jennifer Richards as CEO of Asia Pacific

by AIP Online Bureau | Feb 18, 2025 | Intermediaries, International News, Non-Life, Reinsurance

Jennifer Richards, CEO designate, Asia Pacific, Aon “The Asia Pacific region is critical to Aon’s strategy, representing significant growth opportunities across a diverse market,” said Lori Goltermann, CEO, Asia Pacific, Aon DUBLIN: Aon plc today...

Sompo Holdings establishes global Property and Casualty (re)insurance, and Wellbeing business segments

by AIP Online Bureau | Feb 17, 2025 | International News, Life, Non-Life, Reinsurance

Sompo Wellbeing will work as one group to create products and services addressing challenges related to health, financial stability after retirement, and nursing care needs. These are all prominent challenges in Japan due to the country’s ageing population and...
Mexico threatens to sue Google for renaming Gulf of Mexico to Gulf of America on its maps service

Mexico threatens to sue Google for renaming Gulf of Mexico to Gulf of America on its maps service

by AIP Online Bureau | Feb 17, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

Mexico President Claudia Sheinbaum “Who we have a dispute with is Google,” Mexico President Claudia Sheinbaum said at her morning press conference, adding that her government has exchanged letters with the company on the subject. “If they keep insisting, we’ll...

360 ONE Asset picks up 15% stake in Bharti AXA Life Insurance

by AIP Online Bureau | Feb 17, 2025 | Indian News, Life, Regulation

Parag Raja, managing director and CEO, Bharti AXA Life Insurance, said“ with this partnership, we aim to further accelerate innovation, enhance our product offerings, solidify our service experience and further deepen our market presence. Together, we are poised...
LIC unveils digital `one man office’ for its sales force

LIC unveils digital `one man office’ for its sales force

by AIP Online Bureau | Feb 17, 2025 | Indian News, Intermediaries, Life, Technology

Siddhartha Mohanty, CEO & MD, LIC One Man Office (OMO), offered through the ANANDA (Atma Nirbhar Agents New Business Digital Application) platform, is a mobile digital office at the hands of sales force and an easy-to-use one stop solution for all business and...

Sebi asks RAs, IAs to disclose most important terms, conditions of services to clients

by AIP Online Bureau | Feb 17, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

Research analysts and investment advisers cannot guarantee profits or risk-free investments. Any investment is subject to market risks. Also, Sebi asked investment advisers (IAs) to include MITC in investment advisory agreements with clients. They must clarify that...
DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy

DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy

by AIP Online Bureau | Feb 17, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

Union Finance Minister Nirmala Sitharaman is launching Mutual Credit Guarantee Scheme for MSMEs in Mumbai on Monday Govt asks private life insurance companies to increase the free look period for policyholders from one month to one year. The Centre is working on more...

Willis and Global Parametrics deliver new parametric solution to coffee farmers in Vietnam

by AIP Online Bureau | Feb 17, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

If the rainfall dips below predefined values, the insurance is triggered and the farmers receive timely payouts without the need for lengthy claims processes or on-the-ground assessments Singapore: Willis, a WTW business, and Global Parametrics today announced the...
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