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Airlines in the Gulf adjust routes after Iran’s attack on Israel
Neighbouring countries have closed their airspace and airline crews...
WTW to sell insurance distribution unit to public-equity firm for $632.4 million
“With the sale of Tranzact, we are exiting this direct-to-consumer...
India to provide technical support on disaster resilience of infrastructure systems to 58 Small Island Developing States: Govt
Jitendra Singh,union minister of state (Independent Charge) Science & Technology India, UK, Australia, Fiji, Jamaica and Mauritius jointly launched an initiative, Infrastructure for Resilient Island States (IRIS) to provide technical support on disaster resilience...
Covid: Pfizer, BioNTech say third dose neutralises Omicron variant
Pfizer Chief Executive Officer Albert Bourla “It’s clear from these preliminary data that protection is improved with a third dose,” Pfizer Chief Executive Officer Albert Bourla said in a statement. The initial data show a third dose could offer still offer enough...
Argenta to withdraw from Lloyd’s China Platform
Andrew Annandale, Managing Director of ASML and Chief Executive Officer of ASML’s parent, Argenta Holdings Limited, commented:“The decision to withdraw our support from the Lloyd’s China platform has not been taken lightly and will enable us to simplify operations and...
Omicron reported in 57 countries, hospitalisations set to rise, says WHO
The WHO, in its weekly epidemiological report, said more data was needed to assess the severity of disease caused by the Omicron variant and whether its mutations might reduce protection from vaccine-derived immunity "Even if the severity is equal or potentially even...
Munich Re to digitalise Tokio Marine’s NEW BUSINESS in Malaysia
“Before COVID-19, we conducted most of our business face to face. However, the onset of the pandemic made it necessary to shift into a different way of doing, and thinking about, business. Munich Re’s ALLFINANZ SPARK will help to utilize more digitally advanced...
New data shows GSK-Vir drug works against all Omicron mutations
The data, yet to be published in a peer-reviewed medical journal, shows that the companies' treatment, sotrovimab, is effective against all 37 identified mutations to date in the spike protein, GSK said in a statement London: British drugmaker GSK said on Tuesday its...
Property Cat Reinsurance Rates to Rise Double-Digit at 2022 Renewals:Fitch
``We expect 2022 to be the fifth successive year of price rises, although we expect growth to be slower than in 2021 as non-loss-affected lines of business are likely to show a broadly stable price development,''said the rating agency.. Attractive rates and healthy...
Russia’s general insurance industry to reach $19.3 billion in 2025:GlobalDATA
Ashish Raj, Insurance Analyst at GlobalData, commentED: “We are seeing clear indications of a Russian revival in 2021, with the country’s economy expected to grow by 4.1% by the end of the year as it benefits from rising oil and energy prices. As the economy recovers,...
European regulators propose check for anti-lightning flaw on some Airbus A350 jets
The proposed safety warning marks the first time manufacturing has come under regulators' spotlight amid a growing commercial and industrial headache over flaws on the skin of the jets, which Airbus insists are safe to fly. Paris/Chicago: European regulators have...
Pandemic boosts super-rich share of global wealth
The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth, up from slightly above 2% at the start of the pandemic in early 2020. Analysts say some super-rich have...