International News

Coronavirus pandemic 'a long way from over', WHO's Tedros says

Eco/Invest/Demography, Health, Life, Non-Life, Pandemic       Apr 13, 2021

  Geneva: Confusion and complacency in addressing Covid-19 means the pandemic is a long way from over, but it can be brought under control in months with proven public health measures, WHO Director-General Tedros Adhanom Ghebreyesus said on Monday. So far some 780 million vaccines have...

New Zealand introduces climate change law for financial firms in world first

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday. All banks with total assets of more...

US calls for pause on Johnson & Johnson vaccine after clotting cases

Eco/Invest/Demography, Health, Pandemic       Apr 13, 2021

  U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson’s COVID-19 vaccine for at least a few days after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts to tackle the pandemic. Following...

Aon launches innovative industry collaboration to protect global COVID-19 vaccine shipments

Health, Intermediaries, Non-Life, Pandemic       Apr 13, 2021

  CHICAGO: Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. The solution provides transparent cargo insurance...

‘Average’ Atlantic hurricane season to reflect more storms

  Beginning with this year’s hurricane season outlooks, NOAA’s (National Oceanic and Atmospheric Administrationa)Climate Prediction Center (CPC) will use 1991-2020 as the new 30-year period of record. The updated averages for the Atlantic hurricane season have increased with 14 named storms and 7 hurricanes. The average...

Berkshire Hathaway Specialty Insurance Names Idie Si as Head of Accident & Health Insurance, Asia

Non-Life, Reinsurance       Apr 12, 2021

BOSTON & SINGAPORE: Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Idie Si as Head of Accident & Health (A&H) Insurance for the region.“We are pleased to welcome Idie to BHSI. Her in-depth knowledge, vast expertise and leadership skills will be a...

7% growth in global reinsurance capital in 2020, combined ratios improve: Willis Re

Non-Life, Reinsurance       Apr 12, 2021

  London: Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation. New capital raised both by incumbents and new entrants added to the total, but capital...

Aon, seeking EU nod on $30 billion Willis bid, offers to sell assets

Intermediaries, Non-Life       Apr 12, 2021

  BRUSSELS: Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its $30 billion acquisition bid, a person familiar with the matter said on Monday. Aon, which...

Microsoft to buy AI firm Nuance Communications in $19.7 bln deal in healthcare push

Eco/Invest/Demography, Health, Technology       Apr 12, 2021

  Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc in a $19.7 billion deal including net debt, as it seeks to bolster its cloud strategy for healthcare. The deal comes as both companies, which partnered in 2019...