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Zurich Insurance to buy Generali’s Iris unit for €337 million ($389 million) in cash

Zurich Insurance to buy Generali’s Iris unit for €337 million ($389 million) in cash

by AIP Online Bureau | Mar 10, 2026 | International News, Non-Life, Reinsurance

Zurich said the purchase will make it a top-three provider of life and non-life insurance in Ireland, where it has served customers for more than 75 years. The deal comes a week after the Swiss company made a firm bid for specialty insurer Beazley Plc and started a $5...
Frame no-fault compensation policy for serious adverse events after Covid vaccination: SC to Centre

Frame no-fault compensation policy for serious adverse events after Covid vaccination: SC to Centre

by AIP Online Bureau | Mar 10, 2026 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

The top court delivered its verdict on pleas, including the one which alleged that two women lost their lives in 2021 after taking the first dose of the Covishield vaccine. The plea alleged that both of them suffered from severe adverse effects following immunisation....
Middle East Crisis: How US-Israeli war on Iran is upending global business

Middle East Crisis: How US-Israeli war on Iran is upending global business

by AIP Online Bureau | Mar 9, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance

The war has closed much of the region’s airspace and crippled Dubai and Doha airports, two of the world’s busiest transit hubs, stranded tens of thousands of passengers and forced airlines to cancel about 40,000 flights–the travel industry’s biggest disruption since...
IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act

IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Ajay Seth, Chairman, IRDAI In order to expedite the regulatory alignment process and incorporating reforms of SBSR Act(the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, the IRDAI granted in-principle approval for drafting and publishing the draft...
Govt says Air India plane crash probe report will be out “very soon”

Govt says Air India plane crash probe report will be out “very soon”

by AIP Online Bureau | Mar 9, 2026 | Indian News, Non-Life, Reinsurance, Technology

“Regarding the AI171 crash that happened in June last year, the investigation is going at a very good pace, and all the resources that are required for AAIB, the primary agency which is looking into the investigation, the ministry is providing.And I would say...
Over 1.61 lakh water samples found contaminated in 2025-26: Govt in Rajya Sabha

Over 1.61 lakh water samples found contaminated in 2025-26: Govt in Rajya Sabha

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Risk Management

The number of samples tested in labs in 2025-2026 was 63.96 lakh, out of which 1.61 lakh were found to be contaminated, the House was informed. New Delhi: As many as 1.61 lakh samples of water out of nearly 64 lakh tested across the country in 2025-26 were found to be...
Lockton Re launches Agentforce 360 Platform

Lockton Re launches Agentforce 360 Platform

by AIP Online Bureau | Mar 9, 2026 | Intermediaries, International News, Non-Life, Reinsurance, Technology

Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce will support the streamlining of some of our sales activity, creating better informed and more digitally connected broking teams. Many of our client teams are truly global and so the ability to share and...
Aon announces first stablecoin insurance premium payment

Aon announces first stablecoin insurance premium payment

by AIP Online Bureau | Mar 9, 2026 | International News, Non-Life, Reinsurance, Technology, Wealth Management/ Philanthropy

Led by Aon’s digital asset practice, this initiative builds on established digital-asset risk advisory capabilities, translating industry leading client services in insurance and risk management into practical application within the firm’s own operations....
Govt to curb opaque shipping surcharges amid Middle East tensions: Report

Govt to curb opaque shipping surcharges amid Middle East tensions: Report

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom

Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom

by AIP Online Bureau | Mar 9, 2026 | Indian News, Non-Life, Policy, Reinsurance, Risk Management, Technology

According to Nasscom, several companies have begun activating or reviewing business continuity plans for operations linked to affected countries to ensure uninterrupted service delivery in the event of regional disruptions.Organisations are also prioritising employee...
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