by AIP Online Bureau | Mar 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation
Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
by AIP Online Bureau | Mar 27, 2023 | Indian News, Non-Life, Reinsurance, Risk Management
While the drugmaker is unable to determine other impacts of the breach, including cost to maintain insurance coverage and possibility of litigation, it said there would be expenses linked to the incident. Mumbai: Sun Pharmaceutical Industries expects revenue to fall...
by AIP Online Bureau | Mar 27, 2023 | Eco/Invest/Demography, International News, Non-Life
“Cybercriminals are capitalising on the popularity of ChatGPT, exploiting Facebook’s vast user base by compromising legitimate Facebook accounts to distribute malware via Facebook ads, putting users’ security at risk. Our investigation has uncovered...
by AIP Online Bureau | Mar 27, 2023 | Health, Indian News, Intermediaries
“This acquisition aligns with Medi Assist’s overall growth strategy, and expands our presence in the North and West regions of India and adds approximately 3,000 corporates to our client list. Raksha TPA adds 17 per cent to Medi Assist in terms of...
by AIP Online Bureau | Mar 27, 2023 | International News, Non-Life, Reinsurance, Technology
Advanced Air Mobility (AAM) businesses will have diverse insurance needs including hull all risks, third party liability, passenger & crew liability, premises, products & hangarkeepers liability, and other coverages London: Skyrisks Limited announced today...
by AIP Online Bureau | Mar 27, 2023 | Briefs, Non-Life, Reinsurance
LONDON: MS Amlin, the Lloyd’s global (re)insurer, on Monday announced the appointment of Dr Jessica Turner as Head of Risk Analytics, effective 26 June 2023, and reporting to Martin Burke, Director of Underwriting Performance. Jessica joins MS Amlin from Guy Carpenter...
by AIP Online Bureau | Mar 27, 2023 | Data, Non-Life, Reinsurance
London: Miller, UK based independent specialist (re)insurance broker, today announces the appointment of Bonifasius Dipati (Boni) as a risk engineer in its Singapore Energy team. Boni will report to Head of Energy (Asia-Pacific), Matt Hooker, and he joins on 3rd...
by AIP Online Bureau | Mar 26, 2023 | Indian News, Life, Non-Life, Regulation
New measures to be effective from Apr 1 The IRDAI also approved licenses of two new life players-Acko Life Insurance and Credit Access Life Insurance Hyderabad: With a bit of delay, insurance regulator IRDAI had its last board meeting of the current fiscal, FY2022-23,...
by AIP Online Bureau | Mar 26, 2023 | Indian News, Life, Non-Life, Regulation
According to the sources, Torrent has recently conveyed to the lenders that it is not willing to participate in the second round of auction The other bidder — IndusInd International Holdings Ltd (IIHL) of Hinduja Group — has also told the lenders that it...
by AIP Online Bureau | Mar 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits
Family ID is a 12-digit unique identification number carrying details of a family, serving as a central repository of family attributes to automatically determine their eligibility for government schemes and extend benefits to the missing beneficiariesThe database...
