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Elon Musk launches $43-bn hostile takeover of Twitter

Elon Musk launches $43-bn hostile takeover of Twitter

by AIP Online Bureau | Apr 14, 2022 | International News, Technology

Elon Musk After his stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks...

Worldwide COVID cases surpass 500 mln as Omicron variant BA.2 surges

by AIP Online Bureau | Apr 14, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

Roughly 64.8% of the world population has received at least one dose of a COVID vaccine, although only 14.8% of people in low-income countries have received at least one dose, according to figures from Our World in Data Since 2020, about 37% of the world’s COVID...
South Africa’s deadliest floods in nearly three decades claim more than 250 lives

South Africa’s deadliest floods in nearly three decades claim more than 250 lives

by AIP Online Bureau | Apr 14, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“The damages seem quite severe and we have received a significant volume of claims. We expect a significant number of new claims will be reported in the coming days, and we have mobilized our teams to deal with the expected volumes to ensure continuity of customer...
TMK launches IP Abatement Insurance for US-based SMEs

TMK launches IP Abatement Insurance for US-based SMEs

by AIP Online Bureau | Apr 14, 2022 | International News, Non-Life, Reinsurance, Risk Management

Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...
Swiss Re secures secures $1.15bn alternative capital via an innovative hybrid transaction

Swiss Re secures secures $1.15bn alternative capital via an innovative hybrid transaction

by AIP Online Bureau | Apr 14, 2022 | International News, Reinsurance

The transaction, which covers underwriting risks across the entire Swiss Re Group, is the first of its kind to combine both bank financing and insurance-linked securities Zurich: Swiss Re has successfully closed an innovative multi-year stop-loss transaction, with...
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