“The deadly heat waves and catastrophic floods we’ve seen in recent...
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Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and the...
Divers retrieve bodies from Mike Lynch Yacht sunk off Sicily
Six people were likely trapped inside the Bayesian when it was hit...
Counting Covid-19 enters new era as threats shift away from cases
Scientists say comparing the prevalence of Covid to the flu, which kills about 650,000 people globally each year, will become an important yardstick come next fall and winter. Covid has killed more than 3.8 million people since the start of 2020, but vaccinated countries should eventually be able to treat its periodic resurgences in the same way as they do the flu — and make policy decisions accordingly.
China mulls end to childbirth restrictions by 2025, says report
Faced with a demographic crisis, the Chinese government relaxed the policy in 2016 to allow for two children, but many couples in the Han middle class were reluctant to have more than one child, citing the high costs of raising families particularly in cities. In 2020, the birth rate fell by almost 15 per cent year on year.
8 global reinsurers to provide £650 million cover to Lloyd’s Central Fund for 5 yrs
The £650 million protection has been structured and placed by Aon. It is a layered structure supported by newly created cell company Constellation IC Limited** – financed by investment bank J.P. Morgan – as well as a panel of eight well-regarded and respected reinsurers, namely Arch, Berkshire Hathaway, Everest Re, Hannover Re, Munich Re, RenaissanceRe, Scor and Swiss Re.
China’s worse-than-Suez ship congestion set to widen global trade chaos
“There are bottlenecks in ports all over the world because of Covid outbreaks — people are not going to work in the same numbers and aren’t working at the same speed as they did before the pandemic,” says Bjorn Hojgaard, CEO of Anglo-Eastern Univan Group, a company that manages operations for a fleet of 700 ships globally, including everything from tankers to bulk to container ships.
BOJ plans to launch new scheme on climate change, keeps policy steady
“Climate change issues could exert an extremely large impact on economic activity, prices and financial conditions from a medium- to long-term perspective,” the BOJ said in a statement.
Delta Covid variant becoming globally dominant: WHO’s Soumya Swaminathan
“The Delta variant is well on its way to becoming the dominant variant globally because of its increased transmissibility,” Swaminathan told a news conference.
Australia limits use of AstraZeneca COVID-19 vaccine to people over 60
Several European Union member states have stopped administering the AstraZeneca vaccine to people below a certain age, usually ranging from 50 to 65, restricting its use to older people, due to very rare cases of blood clotting, mainly among young people.
Global life insurance outlook revised to stable amid brightening growth prospects:Moody’s
“Strong solvency capital ratios globally underpin our view of the outlook,” Moody’s Vice President Manoj Jethani says.
“Although pandemic mortality continues to weaken profitability, the overall impact on the credit profile of life insurers has been less severe than originally expected due to differences in demographics of the general versus the insured population, as well the benefits of diversification from longevity-type insurance products, ” he adds.
Philippines insurance commissioner Dennis B. Funa reelected as the chairperson of Asian Reinsurance Corp
Bangkok headquarted Asian Re, set up in 1977 ,is a professional reinsurer owned by 10 governments in Asia-Pacific called the Council of Members, namely the Philippines, Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Sri Lanka, and Thailand.
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Bank, airline websites go dark briefly in international internet outage
The resultant cascading failures, which affected services from Amazon.com Inc. to Shopify Inc. and Stripe Inc., served as a stark reminder of how exposed the world’s biggest websites are to the impact of disruptions ranging from simple human error to coordinated cyberattack.