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Committee of Creditors asks Hindujas to complete RCap resolution by March end

Committee of Creditors asks Hindujas to complete RCap resolution by March end

by AIP Online Bureau | Mar 5, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

COC, in an official communication, through its lawyer Luthra and Luthra, on Monday, has further asked IIHL to provide all necessary information, documents and cooperation to obtain the pending regulatory approvals, especially from the Indian insurance regulator IRDAI,...

Hacker forum post claims UnitedHealth paid $22 mln ransom in bid to recover data

by AIP Online Bureau | Mar 5, 2024 | Eco/Invest/Demography, Health, International News, Technology

The break-in at UnitedHealth’s Change Healthcare unit, which has sparked disruption across the United States, has been the object of online intrigue. Blackcat claimed last week that it had stolen millions of sensitive records in the hack, only to quickly delete...

Miller appoints Frédérique Champvillard as Head of Operations in Asia

by AIP Online Bureau | Mar 5, 2024 | Briefs, Intermediaries, Non-Life, Reinsurance

Miller, an independent specialist (re)insurance broker, announced the appointment Frédérique Champvillard as head of operations in Asia. Frédérique brings over 30 years’ experience across the insurance and reinsurance industry, most recently as managing director and...

SBI Life Insurance partners with Lucknow Super Giants as ‘Lead Helmet Partner’

by AIP Online Bureau | Mar 5, 2024 | Briefs, Life

SBI Life Insurance has announced its association with the Lucknow Super Giants (LSG) franchise, as ‘Lead Helmet Partner’ for the upcoming 2024 cricketing season. SBI Life’s logo will feature prominently on the helmets of Lucknow Super Giants, thus leveraging the...

Canara HSBC Life partners with Tripura Gramin Bank

by AIP Online Bureau | Mar 5, 2024 | Banking & Bancassurance, Briefs, Life

Canara HSBC Life Insurance Company Limited announces a new strategic partnership with Tripura Gramin Bank (TGB) to offer a range of life insurance products through TGB’s extensive branch network within the state. The collaboration marks a significant milestone,...

Bajaj Allianz Life Small Cap Quality Index Fund launched

by AIP Online Bureau | Mar 5, 2024 | Briefs, Life, Wealth Management/ Philanthropy

Bajaj Allianz Life, one of the leading private life insurers has launched the Bajaj Allianz Life Small Cap Quality Index Fund NFO which aims to leverage the growth opportunities in Small Cap Equities. The fund objective is to provide investors capital appreciation by...

Malayan Insurance enhances Natural Catastrophe Analytics with Moody’s RMS Risk Modeler

by AIP Online Bureau | Mar 5, 2024 | Eco/Invest/Demography, International News, Reinsurance, Technology

Andrew Hare, managing director, APAC, Moody’s RMS, said: “We are delighted to partner with Malayan Insurance as they adopt Risk Modeler. In navigating the complexities of a rapidly evolving market, (re)insurers require deep insights that offer faster analytics, deeper...
European regulators crack down on Big Tech

European regulators crack down on Big Tech

by AIP Online Bureau | Mar 4, 2024 | International News, Policy, Regulation, Risk Management, Technology

The tech giants have been preparing ahead of a Wednesday deadline to comply with a new European Union law intended to increase competition in the digital economy. The law, called the Digital Markets Act, requires the biggest tech companies to overhaul how some of...
Apple fined nearly USD 2 billion by the European Union over music streaming competition

Apple fined nearly USD 2 billion by the European Union over music streaming competition

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Apple banned app developers from ”fully informing iOS users about alternative and cheaper music subscription services outside of the app”, said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer The European Union...
US FAA says Boeing 737 MAX production audit found compliance issues

US FAA says Boeing 737 MAX production audit found compliance issues

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, International News, Risk Management

The audit was prompted by a Jan. 5 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that lost a door plug at 16,000 feet (4,877 meters). The FAA previously barred Boeing from expanding 737 production The Federal Aviation Administration on Monday said the...
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