by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation, Reinsurance
The Bermuda life insurance market has grown rapidly. Assets increased to $1.1 billion as of YE2022 from $496 million in 2018, and the number of life insurance licenses increased 10% over the same period to 180. This growth has been driven by its economic-based regime,...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Health, International News
“Healthcare is expensive to run. We were finding that the increased labor and operating costs environment, like with reimbursement, both public and private, made it difficult (to run the business) and obvious we had to close,” Walmart spokeswoman Marilee...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Currently, only 2% of Lloyd’s business comes from Africa, something which ASR Syndicate 2454 is strategically placed to expand. ASR began underwriting in February 2021, with the explicit aim of closing the insurance gap in Africa and facilitating international...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Features, Non-Life, Reinsurance, Technology
Within three or four years, Aurora and its competitors expect to put thousands such self-driving trucks on America’s public freeways. The goal is for the trucks, which can run nearly around the clock without any breaks, to speed the flow of goods, accelerating...
by AIP Online Bureau | May 1, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Nationwide Building Society uses mapping technology to identify which individual homes are vulnerable to flooding, Nationwide Head of Property Risk Rob Stevens said in an interview. The company will decline to make a loan to purchase a property it deems to be at high...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy
Dispatches of passenger vehicles from manufacturers to dealers were at 3,38,341 units in April 2024 as compared to 3,32,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Indian News
“We deprecate the practice of young men and women seeking to acquire the status of being a husband and a wife to each other and therefore purportedly being married, in the absence of a valid marriage ceremony under the provisions of the (Hindu Marriage) Act such...
by AIP Online Bureau | May 1, 2024 | Briefs, Intermediaries, Non-Life, Reinsurance, Risk Management
BMS, the independent specialist insurance and reinsurance broker, today announces the launch of its new global healthcare liability division with Rob Wendin as managing director. The new division will provide solutions and guidance to healthcare providers and their...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
The primary focus will be (i) real estate transactions involving commercial real estate located in Australia, New Zealand, Hong Kong and Singapore and (ii) M&A transactions involving target companies and trusts across markets including Australia, New Zealand, Hong...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Risk Management, Technology
The Daily Telegraph’ reports that in a legal document submitted to the High Court in London in February for a group action being brought by 51 claimants, AZ admitted that the vaccine developed with the University of Oxford to protect against COVID-19 may cause...
