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Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

by AIP Online Bureau | Dec 9, 2024 | Intermediaries, International News, Non-Life, Reinsurance

Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
Revenue Secretary Sanjay Malhotra appointed as new RBI governor, to succeed Shaktikanta Das

Revenue Secretary Sanjay Malhotra appointed as new RBI governor, to succeed Shaktikanta Das

by AIP Online Bureau | Dec 9, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

, Sanjay Malhotra, Governor-designate, Reserve Bank of India The Appointments Committee of the Cabinet cleared Malhotra’s name, who has been appointed as the RBI Governor for three years, starting Wednesday New Delhi: The government on Monday appointed Revenue...
PM Modi launches LIC’s ‘Bima Sakhi Yojana’

PM Modi launches LIC’s ‘Bima Sakhi Yojana’

by AIP Online Bureau | Dec 9, 2024 | Indian News, Life, Policy

Prime Minister Narendra Modi is handing over Certificates to one of the Bima Sakhis in Panipat Under the scheme, the woman agents will also get a stipend of Rs 7,000 per month for the first year, Rs 6,000 per month in the second year and Rs 5,000 per month in the...
Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand FADA

Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand FADA

by AIP Online Bureau | Dec 9, 2024 | Data, Eco/Invest/Demography, Policy

“although rural interest was present, it failed to significantly improve sentiment. Inventory levels have reduced by about 10 days, but to remain high at around 65-68 days”FADA President, C S Vigneshwar New Delhi: Retail sales of vehicles across categories...
Cars set to get expensive from January as OEMs announce price hikes

Cars set to get expensive from January as OEMs announce price hikes

by AIP Online Bureau | Dec 8, 2024 | Data, Eco/Invest/Demography

Rising input costs of few materials, shifting consumer preferences on advanced features but a low willingness to pay, clubbed with the pressure of supporting dealers to offset high inventory carrying costs despite high festive discounts are putting a burden on...

Aligning Indian auditing with global standards to boost investor confidence, attract more funds: NFRA chief

by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

“If we are going global, a lot of funds have to come and being aligned with international standards will help in attracting the funds… when you align with global standards, there will be more investors’ confidence and greater credibility to the financial...

66% of businesses in India paid bribes to avail government services, claims report

by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, Facts, Risk Management

“Though initiatives like the Government eProcurement marketplace are good steps to reduce corruption, there are still openings to engage in corruption for supplier qualification, bid manipulation, completion certificate and payments,” the report said....

No Insurance Amendment Bill proposing 100% FDI in winter session

by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10 New...
PM Modi to inaugurate women centric LIC Bima Sakhi Yojana on Monday

PM Modi to inaugurate women centric LIC Bima Sakhi Yojana on Monday

by AIP Online Bureau | Dec 8, 2024 | Indian News, Intermediaries, Life, Policy

Prime Minister Narendra Modi Aiming to provide rural women with job opportunities as insurance agents, a woman agent in LIC Bima Sakhi Yojana will earn Rs 7,000 per month in the first year, Rs 6,000 in the second year and Rs 5,000 by the third year. Additionally, an...

Bombay HC judge signs his living will on day of his retirement

by AIP Online Bureau | Dec 8, 2024 | Facts, Health

A living will is a legal document specifying the desired medical care one wishes to have if he or she loses the ability to communicate Panaji: Justice Bharat Deshpande of the Bombay High Court at Goa signed his living will or advanced medical care directive on the day...
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