Burke’s appointment follows several recent significant hires and...
Category:
International News
Latest
Chinese police detain staff of Evergrande wealth unit
The detentions come as China started a campaign against illegal...
Regulators are trying to stop greenwashing before it gets worse
The Australian Competition & Consumer Commission (ACCC) lists...
Coronavirus deaths in US could touch 200,000: top health expert
The risk of death is greater for older adults and people with other health problems. Hospitals in the most afflicted areas are straining to handle patients and some are short of critical supplies.
India proposes online platform for SAARC to jointly combat coronavirus
The Indian side proposed that till the electronic platform is fully operational, a network of experts representing the health services of all SAARC countries may set up on email/whatsapp to enable exchange of all relevant information on real time basis.
Scor shareholder ups pressure over executive pay, wants AGM postponed
Scor’s board has recommended a reduction in the variable compensation of the company’s chairman and chief executive Denis Kessler for 2019 to 1.08 million euros ($1.2 million) from 1.18 million euros a year ago. His total compensation would increase to 6.7 million euros in 2019 from 6.52 million a year ago, according to Scor’s annual report.
From quills to qwerty: Lloyd’s underwriters adapt to home working
Underwriters and brokers are already able to process part or all of a trade electronically through platforms such as PPL. But many have preferred not to do so.
Pressure mounts on U.S. insurers to pay pandemic business loss claims
This week Ohio and Massachusetts lawmakers introduced bills similar to one in New Jersey which would require insurers to pay the claims, mainly to small businesses, despite exclusions.
Insurers could then seek reimbursement from states, which would recoup the funds by assessing industry fees.
As U.S. virus cases exceed 100,000, doctors decry scarcity of drugs and equipment
US President Donald Trump on Friday invoked wartime Defense Production Act to force auto giant General Motors to manufacture ventilators, amid a supply shortage of the life-saving medical equipment in view of the mounting coronavirus cases. Price negotiations with the car company was taking time, Trump said. Trump signed a Presidential Memorandum directing the Secretary of Health and Human Services to use any and all authority available under the Defense Production Act to require General Motors (GM) to accept, perform, and prioritize federal contracts for ventilators.
Lloyd’s gears up to tackle COVID-19 crisis,returns to profitability after 3 yrs
Bruce Carnegie-Brown, Lloyd’s Chairman, said““The beginning of 2020 has proved exceptionally difficult as COVID-19 spreads rapidly around the world with devastating consequences for families, communities and the global economy. Now more than ever, our customers need us to be ready to support them through these challenging times. By focusing on performance management, modernising the market and creating a market culture that will attract the best and brightest talent, we are making the market more resilient, more successful and better placed to meet our customers’ needs.”
U.S. has most coronavirus cases in world, next wave aimed at Louisiana
The U.S. Labor Department reported Thursday the number of Americans filing claims for unemployment benefits last week soared to a record of nearly 3.28 million – almost five times the previous weekly peak of 695,000 during the 1982 recession.
Insurance for pandemics would require state help: British trade body
UK travel insurers will pay out a record 275 million pounds ($341.30 million) in coronavirus claims, the ABI added in its response to the committee.
Clear we have entered recession: IMF chief Kristalina Georgieva
Over 80 countries, mostly of low incomes, have already have requested emergency aid from the International Monetary Fund, she said.