The probe — aimed partly at determining what the companies may have...
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FBI says Alaska Airlines passengers are possible ‘crime victims’
“A criminal investigation can be a lengthy undertaking, and, for...
Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit
“The creation of a dedicated cyber and digital business unit allows...
$83 billion global insured cat losses in 2020, the fifth-costliest on record:Swiss Re
”As with COVID-19, climate change will be a huge test of global resilience.Neither pandemics nor climate change are ‘black swan’ events. But while COVID-19 has an expiry date, climate change does not, and failure to ‘green’ the global economic recovery now will increase costs for society in future,”said Jerome Jean Haegeli, Swiss Re Group Chief Economist.
France’s Macron wants to add climate goals in constitution
European Union leaders, including Macron, agreed on Friday to beef up the continent’s 2030 targets to reduce greenhouse gases from 40 per cent to at least 55 per cent compared with 1990 levels.
“We need to keep moving forward, and that work is even more urgent,” Macron said.
Lloyd’s, Parsyl to insure emerging market COVID-19 vaccine rollout
The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corporation, the companies said on Tuesday.
The DFC loan will be used to capitalize a new public-private Lloyd’s syndicate, which will start operating in January, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.
Syndicate 1796 is the first public-private partnership to address a global health emergency in Lloyd’s 330-year history, the companies said.
China fines Alibaba, Tencent for failing to report past deals to anti-trust regulators
The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in, including Alibaba’s past deal with Intime Retail (Group) Co Ltd and China Literature’s acquisition of New Classics Media.
Gmail, YouTube, Google Docs and other services go down in multiple countries
Not much more to update yet but we’re seeing and getting word from others that multiple Google services have gone down. Gmail, YouTube, Google Drive, Google Docs, Maps, Adwords and Adsense, Google Pay, Google Home and Google’s Chromecast are all experiencing outages, with dozens, even hundreds, of reports we’ve seen so far coming in from across Europe, the US, Canada, India, South Africa, countries in Central and South America, Australia and likely more.
2020 was especially deadly, COVID wasn’t the only culprit
More than a quarter of deaths above normal have been from other causes, including diabetes, Alzheimer’s disease, high blood pressure and pneumonia, according to a New York Times analysis of estimates from the Centers for Disease Control and Prevention.
Aviva to sell Vietnamese business to Canada’s ManuLife
Aviva, under new boss Amanda Blanc, is looking to sell its businesses in continental Europe and Asia, to focus on Britain, Ireland and Canada, after years of share price underperformance in the life and general insurer irked investors.
Asia has emerged as a battleground for foreign insurers who are attracted by the region’s lower insurance penetration levels and faster growth rates for life insurance premiums than in their home markets.
Mastercard faces the prospect of a $18.6 billion UK class action
The ruling also paves the way for further consumer class-action lawsuits, which were made possible by a 2015 law change but have struggled to get traction. When considering the question of individual damages, the Supreme Court has now lowered the bar in similar group actions, said Louise Freeman, a competition lawyer at Covington & Burling.
Next four to six months could be worst of Covid-19 pandemic: Bill Gates
“Overall, when I did the forecasts in 2015, I talked about the deaths potentially being higher. So, this virus could be more fatal than it is. We didn’t get the worst-case. But the thing that has surprised me is that the economic impact in the US and around the world has been much greater than the forecasts that I made five years ago,” Microsoft co-founder Bill Gates said.
Gates said that his foundation had been funding a lot of the research for the vaccines.
Singapore first Asian country to OK Pfizer shot
“If all goes according to plan, we will have enough vaccines for everyone in Singapore by the third quarter of 2021,” Prime Minister Lee Hsien Loong said.
Loong, 68, said he would be among the early recipients in the city-state of 5.7 million people, which has one of the lowest fatality rates globally from the coronavirus.