International News

50 people feared dead after a US-Bangla Airlines aircraft crashes at Kathmandu airport

Non Life-News       Mar 12, 2018

Kathmandu: Over 50 people are feared dead after a US-Bangla Airlines aircraft today crashed and caught fire at Nepal's Tribhuvan International Airport (TIA) here, a top Nepalese official said. It is also said that more than 20 injured were taken to Kathmandu Medical College for...

Cigna and Express Scripts in $67 bn health merger

Health       Mar 08, 2018

New York:: Health service provider Cigna said Thursday it had reached an agreement to acquire pharmacy benefits manager Express Scripts in a cash and stock deal worth approximately $67 billion (54 billion euros).   The firms said the deal would create a wider portfolio of health...

SCOR raises $ 625 million through innovative bonds

Reinsurance       Mar 07, 2018

Paris:  French reinsurer SCOR has successfully placed a perpetual deeply subordinated notes issue on the Regulation S USD market in the amount of USD 625 million. This is the first transaction for a restricted Tier 1 instrument with a principal write-down feature in USD, which...

Working millenials not saving enough for their retirement

Pension       Mar 06, 2018

Washington:  Millenials are not saving enough for their retirement, a study has found, suggesting that they are in need of better financial education.   According to the US Census, millennials accounted for more than 25 per cent of the population in 2015, yet this significant segment...

Thomas Buberl, CEO, AXA

AXA acquiers XL Group for $ 15.3 bn, Indian reinsurance branches of both cos will be merged

Non Life-News       Mar 05, 2018

Paris: AXA, Europe’s second-biggest insurer on Monday,  has agreed to buy property and casualty insurance company XL Group for around $15.3 billion((12.4 billion euros), in a deal which AXA said would create a world leader in its particular sector.   "The combination of AXA's and XL...

Axa in Advanced Talks to Buy U.S. Insurer XL Group

Non Life-News       Mar 04, 2018

Paris: Axa SA is in advanced talks to buy XL Group Ltd., a property and casualty insurer with a market value of $11 billion, people familiar with the matter said. A deal could be announced in coming days, said the people, who asked not to...

Equifax says insurance covers $75 mn in breach costs, total losses to exceed $600 mn

Non Life-News       Mar 02, 2018

NEW YORK/TORONTO: Equifax Inc said it expects costs related to its massive 2017 data breach to surge by $275 million this year- offset by $75 million in insurance proceeds- suggesting the incident at the credit reporting bureau could turn out to be the most costly...

Karen White, new Chief Executive Officer, RMS

RMS appoints Karen White as CEO

Risk Management       Mar 01, 2018

Mumbai:  RMS, the world’s leading catastrophe risk modelling and analytics company, today announces the appointment of Karen White as its new Chief Executive Officer, replacing current CEO and co-founder Hemant Shah.     Karen White is an accomplished and highly capable leader in the technology industry, having...

Asia Pacific Employers expect workplace automation to surge in the next 3 years : Willis

Technology       Feb 28, 2018

Hong Kong:  Workplace automation, including the use of artificial intelligence (AI) and robotics, is expected to surge in the next three years in companies throughout Asia Pacific, according to a survey by Willis Towers Watson, a leading global advisory, broking and solutions company.   Yet the...