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Here is a masonry blog layout with no sidebarSanlam Life Insurance sells over 59 lakh shares of Shriram Finance for Rs 1,427 crore
According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company Mumbai: Sanlam Life Insurance -- one of the promoters of Shriram Finance -- on...
Baltimore bridge collapse could result in ‘one of the largest marine losses in history’: Lloyds of London CEO
``If you look at it from a marine point of view, this could be one of the largest marine losses in history. Insurance companies will be liable to cover the multi-billion-dollar losses. The vessel is insured, the bridge is insured, the port authority's insured, so this...
Group of oncologists launch free-of-cost second opinion helpline number for cancer patients
Sharing the reason behind starting this helpline number, he said there is been a rapid increase in the number of cancer cases in India and there is a dearth of healthcare facilities and healthcare doctors. In the rapidly evolving field of cancer treatment, where new...
Medication errors key challenge to patient safety in hospitals, says study
According to the study findings, around 58 per cent of the nurses reported feeling pressured to compromise patient safety over the efficiency of hospitals while 35 per cent of them complained of inadequate staff, and 32 per cent acknowledged poor patient safety...
China’s latest EV is a ‘connected’ car from smart appliance maker Xiaomi
The combined share of EVs and hybrids in China's auto sales is likely to reach 42 per cent to 45 per cent this year, up from 36 per cent in 2023, according to Fitch Ratings. But the agency said in a December report that the competition could put pressure on...
Markets exit FY24 with smart returns; investors become richer by Rs 128.77 lakh cr
''India's stock market showcased remarkable resilience throughout FY24, defying initial projections of a downturn triggered by inflationary concerns, escalating interest rates, and apprehensions of a looming global recession. Even geopolitical tensions only caused...
IRDAI asks insurers to keep their branches open on Mar 30- 31
`Insurers may take note of the above and give adequate publicity to the special arrangement made as above,'' said the IRDAI on Thursday Hyderabad: Like its banking counterpart Reserve Bank of India(RBI), insurance regulator IRDAI has asked insurers to keep their...
India’s Disaster Management Authority head appointed UN Asst Secretary-General
Kamal Kishore, UN Assistant Secretary-General with the disaster risk reduction portfolio Kishore brings to the position nearly three decades of experience in disaster risk reduction, climate action and sustainable development at the global, regional, national and...
LIC, GIC Re and New India continue to be Domestic Systemically Important Insurers in 2023-24:IRDAI
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system Hyderabad: Insurance regulator IRDAI, on Wednesday, said Life...
IRDAI seeks detailed clarifications on Hinduja group’s plan to take over Reliance Capital
It is also proposed by Hinduja group to raise borrowing for acquisitions of shares of Reliance Capital Ltd , which will also violate the existing regulations, said IRDAI Hyderabad: The Indian insurance regulator IRDAI, as part of its due diligence process, has...
Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer
Claims could total up to $4 bln, record for shipping disasterInsurance lines affected include property, marine, liabilityInternational Group of P&I marine insurers have reinsurance cover of $3.1 blnAXA lead reinsurer on first layer of IG reinsurance...
Titanic Law helps ship owner limit bridge collapse liability
A key to determining any insurance claims will be proving whether the accident was caused by negligence, and if so by whom, or mechanical failure, according to Bloomberg Intelligence. The ship is insured by the Britannia Protection and Indemnity Club, which is a...
SEC ramps up hack probe with focus on tech, telecom companies
The probe — aimed partly at determining what the companies may have known but didn’t disclose — follows a landmark lawsuit the SEC filed in October against SolarWinds Corp., claiming it failed to maintain adequate controls and defrauded investors by downplaying...
FBI says Alaska Airlines passengers are possible ‘crime victims’
“A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time. A victim of a federal crime is entitled to receive certain services,” the letter stated. The Federal Bureau of Investigation(FBI) has...
Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit
“The creation of a dedicated cyber and digital business unit allows us to create consistency and the best possible capacity for our clients and business partners.For insurtechs and many clients seeking cyber risk protection, we are already the trusted reinsurance...
New record of 142 global Nat Cat events globally, USD108 billion insured losses in 2023: Swiss Re
Moses Ojeisekhoba, Swiss Re's CEO Global Clients & Solutions, says: "As weather hazards intensify due to climate change, risk assessment and insurance premiums need to keep up with the fast-evolving risk landscape. Looking ahead, we must focus on reducing the loss...
LIC emerges as the strongest global insurance brand: Brand Finance Insurance Report
With a brand strength index score of 88.3, another Indian life insurer, SBI Life, in the sixth position, for the first time has found its place among the top 10 global insurance brands Mumbai Public sector behemoth Life Insurance Corporation has emerged as the top...
Demographic challenges: India’s policy makers facing mounting pressure as fertility rates decline
According to the Lancet report, India's total fertility rate has witnessed a sharp decline over the decades, plummeting from nearly 6.2 in 1950 to just under 2 in 2021. Projections indicate a further decrease to 1.29 by 2050 and a concerning 1.04 by 2100. This trend...